Connor Clark & Lunn Investment Management Ltd. Buys New Holdings in Boyd Gaming Corporation $BYD

Posted by George Bondi on Aug 27th, 2026

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Boyd Gaming Corporation (NYSE:BYD – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 111,414 shares of the company’s stock, valued at approximately $9,841,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Boyd Gaming as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Boyd Gaming during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Boyd Gaming in the fourth quarter valued at about $25,000. Bessemer Group Inc. lifted its position in shares of Boyd Gaming by 62.8% in the 1st quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $43,000 after purchasing an additional 203 shares during the period. Advisors Asset Management Inc. lifted its holdings in Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after buying an additional 196 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Boyd Gaming during the 3rd quarter worth $53,000. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $80.66 on Thursday. The company has a fifty day simple moving average of $85.86 and a 200-day simple moving average of $84.55. The stock has a market cap of $5.86 billion, a P/E ratio of 3.55, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. Boyd Gaming Corporation has a 12-month low of $76.33 and a 12-month high of $91.41. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05.

Boyd Gaming (NYSE:BYD – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.52%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. Equities analysts expect that Boyd Gaming Corporation will post 7.29 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Boyd Gaming’s payout ratio is currently 3.52%.

Analysts Set New Price Targets

Several research analysts recently weighed in on BYD shares. Stifel Nicolaus boosted their target price on Boyd Gaming from $91.00 to $92.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Texas Capital upgraded shares of Boyd Gaming to a “strong-buy” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group initiated coverage on Boyd Gaming in a research report on Friday, June 26th. They set a “neutral” rating and a $91.00 price target for the company. Weiss Ratings downgraded shares of Boyd Gaming from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Benchmark began coverage on Boyd Gaming in a research note on Monday, June 22nd. They set a “buy” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $94.69.

View Our Latest Stock Report on BYD

Insider Buying and Selling

In other Boyd Gaming news, CFO Josh Hirsberg sold 12,777 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.76, for a total transaction of $1,146,863.52. Following the completion of the transaction, the chief financial officer directly owned 422,969 shares in the company, valued at approximately $37,965,697.44. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keith Smith sold 100,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $85.90, for a total value of $8,590,000.00. Following the sale, the chief executive officer directly owned 996,981 shares in the company, valued at approximately $85,640,667.90. The trade was a 9.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 112,789 shares of company stock worth $9,737,848. Company insiders own 22.82% of the company’s stock.

About Boyd Gaming

(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.