Allianz Asset Management GmbH Boosts Stake in Boyd Gaming Corporation $BYD

Allianz Asset Management GmbH boosted its position in Boyd Gaming Corporation (NYSE:BYD) by 174.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,154 shares of the company’s stock after purchasing an additional 174,214 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.34% of Boyd Gaming worth $23,701,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its stake in Boyd Gaming by 679.7% in the second quarter. First Trust Advisors LP now owns 1,122,869 shares of the company’s stock valued at $87,842,000 after buying an additional 978,853 shares during the last quarter. Norges Bank purchased a new position in shares of Boyd Gaming in the 2nd quarter valued at approximately $54,933,000. Wedge Capital Management L L P NC acquired a new position in Boyd Gaming during the 3rd quarter valued at approximately $32,304,000. LSV Asset Management raised its holdings in shares of Boyd Gaming by 115.8% in the second quarter. LSV Asset Management now owns 245,100 shares of the company’s stock worth $19,174,000 after buying an additional 131,500 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Boyd Gaming by 11.7% during the second quarter. American Century Companies Inc. now owns 1,213,024 shares of the company’s stock worth $94,895,000 after buying an additional 127,167 shares during the period. 76.81% of the stock is owned by hedge funds and other institutional investors.

More Boyd Gaming News

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

• Positive Sentiment: Q4 results beat expectations: BYD reported $2.21 EPS vs. $1.88 consensus and revenue of $1.06B vs. $1.02B expected, driven by disciplined operations and strong margins — a near-term earnings surprise that supports valuation. Boyd Gaming Q4 Earnings & Revenues Beat Estimates, Increase Y/Y
• Positive Sentiment: Local/core customer strength and operating discipline: Management cited continued growth among local customers and strong operating performance, which underpinned the quarter and suggests resilient cash flow at many properties. BYD Q4 deep dive
• Neutral Sentiment: Large 2026 capital plan announced: Boyd outlined a $650M–$700M capex program focused on major property investments to support growth and reposition assets — positive for long-term revenue potential but increases near-term cash commitments. Boyd outlines $650M–$700M capital plan for 2026
• Neutral Sentiment: Earnings call and transcripts available for detail: Management commentary (earnings call transcript) provides more color on property-level trends, loyalty metrics and ROI expectations for the capex — useful for assessing sustainability of the beat. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Market reaction and elevated volume: Despite the beat, BYD shares are trading down on higher-than-average volume as investors weigh the large capex plan and signs of destination/property softness at some assets — suggesting profit-taking and caution about near-term cash flow impact. MarketBeat Q4 report
• Negative Sentiment: Destination-property softness noted: Management highlighted relative softness at destination properties versus strength in local markets; slower recovery at destination assets could pressure revenue growth at higher-margin venues. Deep dive on local vs. destination trends

Boyd Gaming Trading Down 0.1%

NYSE BYD opened at $83.54 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 0.51. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 3.67, a PEG ratio of 1.48 and a beta of 1.24. The firm has a 50 day simple moving average of $85.04 and a 200-day simple moving average of $83.84. Boyd Gaming Corporation has a one year low of $58.94 and a one year high of $89.96.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, February 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.33. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Boyd Gaming had a return on equity of 33.49% and a net margin of 45.05%.Boyd Gaming’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Equities research analysts anticipate that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, December 15th. Boyd Gaming’s dividend payout ratio is 3.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Boyd Gaming from $87.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Macquarie Infrastructure reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Boyd Gaming in a report on Friday, October 24th. Truist Financial set a $110.00 price objective on shares of Boyd Gaming in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a research report on Monday, December 29th. Finally, Wells Fargo & Company assumed coverage on shares of Boyd Gaming in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $85.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Boyd Gaming presently has a consensus rating of “Hold” and an average target price of $92.50.

Boyd Gaming Profile

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.