Stifel Nicolaus Lowers Boyd Gaming (NYSE:BYD) Price Target to $91.00

Boyd Gaming (NYSE:BYD) had its target price lowered by stock analysts at Stifel Nicolaus from $95.00 to $91.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 10.71% from the company’s previous close.

Several other brokerages have also recently weighed in on BYD. Morgan Stanley reaffirmed a “mixed” rating on shares of Boyd Gaming in a research note on Wednesday, April 8th. Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a report on Monday, December 29th. Truist Financial set a $110.00 target price on shares of Boyd Gaming in a research report on Tuesday, January 13th. Wells Fargo & Company lowered their price target on shares of Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Finally, Susquehanna cut their price target on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boyd Gaming currently has a consensus rating of “Hold” and an average price target of $92.33.

Boyd Gaming Stock Down 4.6%

Shares of BYD opened at $82.20 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.52 and a current ratio of 0.54. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 3.92, a PEG ratio of 1.80 and a beta of 1.19. The business’s fifty day moving average price is $83.79 and its two-hundred day moving average price is $83.49. Boyd Gaming has a 52 week low of $65.29 and a 52 week high of $89.96.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.16). The firm had revenue of $997.36 million during the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 EPS. On average, analysts predict that Boyd Gaming will post 7.56 earnings per share for the current year.

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

Insider Activity at Boyd Gaming

In related news, insider Stephen S. Thompson sold 19,530 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $83.59, for a total value of $1,632,512.70. Following the completion of the sale, the insider directly owned 22,009 shares in the company, valued at approximately $1,839,732.31. This trade represents a 47.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William R. Boyd sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $84.84, for a total value of $2,545,200.00. Following the transaction, the director directly owned 1,930,447 shares in the company, valued at approximately $163,779,123.48. This trade represents a 1.53% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 73,454 shares of company stock worth $6,231,827. Insiders own 22.82% of the company’s stock.

Institutional Investors Weigh In On Boyd Gaming

A number of large investors have recently added to or reduced their stakes in BYD. Altshuler Shaham Ltd bought a new position in shares of Boyd Gaming in the fourth quarter valued at about $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Boyd Gaming during the 4th quarter worth about $25,000. Advisors Asset Management Inc. grew its stake in Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after buying an additional 196 shares during the last quarter. First Horizon Corp bought a new position in Boyd Gaming in the 4th quarter valued at about $41,000. Finally, True Wealth Design LLC raised its holdings in Boyd Gaming by 162.1% in the 3rd quarter. True Wealth Design LLC now owns 532 shares of the company’s stock valued at $46,000 after acquiring an additional 329 shares during the period. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming News Summary

Here are the key news stories impacting Boyd Gaming this week:

• Positive Sentiment: Board authorized a $500 million share buyback (up to ~7.7% of shares), a signal management believes the stock is undervalued and a direct boost to EPS/float. Benzinga Article
• Neutral Sentiment: Results showed revenue roughly in line with last year (revenue ~ $997M) and some cash/liquidity metrics that remain healthy, but they did not exceed expectations enough to offset the miss. Press Release
• Neutral Sentiment: Company reiterated online EBITDAR guidance ($30M–$35M) and disclosed a $650M–$700M 2026 capex plan — important for medium-term growth but a mixed near-term signal because higher capex can pressure free cash flow. Seeking Alpha Article
• Negative Sentiment: Q1 EPS missed consensus — reported $1.60 vs. ~$1.76 expected — and revenue missed estimates (~$997.4M vs. ~$1.04B), the primary catalyst for the selloff. Zacks Article
• Negative Sentiment: Management highlighted softer results in Las Vegas locals — a core segment — which raises near-term demand concerns for one of Boyd’s key markets. MSN Article
• Negative Sentiment: Recent insider sales and mixed institutional flows / varied analyst targets add uncertainty to near-term sentiment (some large holders trimmed positions in recent quarters). Quiver Quant Article

About Boyd Gaming

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.