Thrivent Financial for Lutherans Boosts Stake in Boyd Gaming Corporation $BYD

Posted by Stanley Muller on May 26th, 2026

Thrivent Financial for Lutherans lifted its holdings in Boyd Gaming Corporation (NYSE:BYD – Free Report) by 44.3% during the fourth quarter, Holdings Channel reports. The fund owned 25,453 shares of the company’s stock after buying an additional 7,812 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Boyd Gaming were worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BYD. Advisors Asset Management Inc. increased its stake in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 196 shares during the period. AQR Capital Management LLC increased its stake in shares of Boyd Gaming by 13.9% in the first quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock worth $628,000 after acquiring an additional 1,172 shares during the period. Caxton Associates LLP acquired a new stake in shares of Boyd Gaming in the first quarter worth $207,000. M&T Bank Corp acquired a new stake in shares of Boyd Gaming in the second quarter worth $229,000. Finally, Amundi increased its stake in shares of Boyd Gaming by 14,719.0% in the second quarter. Amundi now owns 3,112 shares of the company’s stock worth $253,000 after acquiring an additional 3,091 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Activity at Boyd Gaming

In related news, CFO Josh Hirsberg sold 23,924 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $85.86, for a total transaction of $2,054,114.64. Following the sale, the chief financial officer owned 435,746 shares in the company, valued at approximately $37,413,151.56. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen S. Thompson sold 19,530 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the sale, the insider owned 22,009 shares in the company, valued at approximately $1,839,732.31. This represents a 47.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 143,454 shares of company stock worth $12,135,614. 22.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BYD. Susquehanna cut their price objective on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of Boyd Gaming from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Barclays cut their price objective on shares of Boyd Gaming from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Mizuho cut their price objective on shares of Boyd Gaming from $99.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, Morgan Stanley reiterated a “mixed” rating on shares of Boyd Gaming in a research note on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Boyd Gaming currently has a consensus rating of “Hold” and an average target price of $92.08.

Read Our Latest Research Report on Boyd Gaming

Boyd Gaming Stock Up 0.1%

BYD stock opened at $79.39 on Tuesday. The firm has a market cap of $5.90 billion, a PE ratio of 3.48, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.60. The firm’s fifty day moving average is $83.58 and its 200 day moving average is $83.66. Boyd Gaming Corporation has a one year low of $72.01 and a one year high of $89.96.

Boyd Gaming (NYSE:BYD – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.16). The firm had revenue of $997.36 million for the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 44.84% and a return on equity of 25.63%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. On average, research analysts forecast that Boyd Gaming Corporation will post 7.32 EPS for the current year.

Boyd Gaming announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 23rd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, June 15th. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.51%.

Boyd Gaming Profile

(Free Report)

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.