Brokerages Set Boyd Gaming Corporation (NYSE:BYD) Target Price at $94.69

Posted by Geri Gentry on Aug 2nd, 2026

Boyd Gaming Corporation (NYSE:BYD – Get Free Report) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $94.6923.

Several brokerages recently commented on BYD. Stifel Nicolaus upped their target price on Boyd Gaming from $91.00 to $92.00 and gave the company a “hold” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Boyd Gaming from $90.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Susquehanna boosted their price target on shares of Boyd Gaming from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Mizuho set a $104.00 price objective on shares of Boyd Gaming in a research note on Friday, July 24th. Finally, Texas Capital upgraded shares of Boyd Gaming to a “strong-buy” rating in a research report on Wednesday, June 3rd.

Check Out Our Latest Stock Analysis on Boyd Gaming

Insiders Place Their Bets

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 62,914 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $84.03, for a total value of $5,286,663.42. Following the transaction, the chairman directly owned 1,609,808 shares of the company’s stock, valued at approximately $135,272,166.24. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Keith Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $85.90, for a total transaction of $8,590,000.00. Following the sale, the chief executive officer directly owned 996,981 shares of the company’s stock, valued at approximately $85,640,667.90. This trade represents a 9.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 175,691 shares of company stock worth $15,023,527. 22.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boyd Gaming

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Boyd Gaming by 1,466.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 32,965 shares of the company’s stock worth $2,810,000 after purchasing an additional 30,860 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Boyd Gaming in the 4th quarter valued at about $15,551,000. III Capital Management bought a new stake in Boyd Gaming in the 4th quarter valued at about $4,177,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Boyd Gaming during the 4th quarter worth approximately $1,922,000. Finally, Convergence Investment Partners LLC acquired a new position in Boyd Gaming during the 4th quarter worth approximately $1,256,000. 76.81% of the stock is owned by institutional investors.

Boyd Gaming Stock Down 2.2%

Shares of BYD opened at $85.10 on Thursday. The company has a market capitalization of $6.33 billion, a PE ratio of 3.75, a PEG ratio of 2.08 and a beta of 1.07. Boyd Gaming has a 12 month low of $76.33 and a 12 month high of $91.41. The stock’s 50-day moving average price is $86.78 and its two-hundred day moving average price is $84.90. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Boyd Gaming (NYSE:BYD – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. Boyd Gaming had a return on equity of 22.29% and a net margin of 44.34%.The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $1.87 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts anticipate that Boyd Gaming will post 7.29 EPS for the current year.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is 3.52%.

Boyd Gaming declared that its Board of Directors has initiated a share repurchase plan on Thursday, April 23rd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Boyd Gaming

(Get 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.