Boyd Gaming (NYSE:BYD) to Buyback $500.00 million in Stock

Boyd Gaming (NYSE:BYD) announced that its board has authorized a stock buyback program on Thursday, April 23rd, RTT News reports. The company plans to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Boyd Gaming Stock Performance

NYSE BYD opened at $89.10 on Friday. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 3.92, a PEG ratio of 1.80 and a beta of 1.19. The company has a 50 day moving average of $83.79 and a 200-day moving average of $83.49. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78. Boyd Gaming has a 1-year low of $65.29 and a 1-year high of $89.96.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.37). Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The company had revenue of $997.36 million during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts forecast that Boyd Gaming will post 7.56 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 16th were given a $0.20 dividend. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 16th. This represents a $0.80 annualized dividend and a yield of 0.9%. Boyd Gaming’s dividend payout ratio is presently 3.52%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Boyd Gaming in a report on Monday, December 29th. Susquehanna dropped their price objective on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Truist Financial set a $110.00 price objective on shares of Boyd Gaming in a report on Tuesday, January 13th. Finally, Citigroup raised their price objective on shares of Boyd Gaming from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.75.

Insider Buying and Selling

In related news, CFO Josh Hirsberg sold 23,924 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $85.86, for a total value of $2,054,114.64. Following the completion of the transaction, the chief financial officer owned 435,746 shares in the company, valued at $37,413,151.56. The trade was a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen S. Thompson sold 19,530 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the completion of the transaction, the insider owned 22,009 shares of the company’s stock, valued at $1,839,732.31. This trade represents a 47.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,454 shares of company stock worth $6,231,827 in the last quarter. Insiders own 22.82% of the company’s stock.

Trending Headlines about Boyd Gaming

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

• Positive Sentiment: Strong profitability and cash metrics: Boyd reported healthy margins and returns (reported net margin ~45% and ROE ~30%), operating cash flow improved year-over-year and cash balances grew — indicators of solid core cash generation that can support dividends, debt reduction or reinvestment. BOYD GAMING REPORTS FIRST-QUARTER 2026 RESULTS
• Positive Sentiment: Reiterated online EBITDA(R) guidance: Management reiterated 2026 online EBITDAR guidance of $30M–$35M, which provides clarity on a high-growth segment and soaks up some investor uncertainty around the digital business outlook. Boyd outlines 2026 capex and online EBITDAR guidance
• Neutral Sentiment: Large 2026 capex plan ($650M–$700M): Management unveiled a substantial investment program for 2026 — supports growth and property refreshes but will increase near-term cash needs and could weigh on free cash flow depending on timing. Capex plan article
• Neutral Sentiment: Mixed analyst views and price targets: Recent analyst targets vary materially (median around $90), reflecting diverging views on long‑term growth vs. near-term execution — provides both upside scenarios and downside risk depending on execution. Analyst targets and Quiver summary
• Negative Sentiment: Earnings and revenue missed expectations: Boyd reported Q1 EPS and revenue below consensus (reported EPS of $1.60 vs. consensus ~ $1.97; revenue ~ $997M vs. ~$1.04B), which triggered an initial negative market reaction after the print. MarketBeat earnings release
• Negative Sentiment: Insider and institutional selling pressure: Recent filings show meaningful insider sales and several large institutional reductions in Q4 2025, which may concern investors about near-term demand from big holders. Quiver insider & institutional activity
• Negative Sentiment: Market reaction to misses caused volatility: Several outlets report the stock fell after the earnings print due to the misses on revenue and EPS; elevated trading volume suggests investors are re‑pricing near-term expectations. Yahoo Markets earnings recap

Boyd Gaming Company 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.