Mizuho Has Lowered Expectations for Boyd Gaming (NYSE:BYD) Stock Price

Boyd Gaming (NYSE:BYD) had its price objective dropped by Mizuho from $99.00 to $96.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 14.41% from the company’s previous close.

Several other brokerages have also recently commented on BYD. Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. Wells Fargo & Company decreased 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 research note on Thursday, April 16th. Barclays decreased their price objective on shares of Boyd Gaming from $87.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday. Truist Financial set a $110.00 price objective on shares of Boyd Gaming in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus decreased their price objective on shares of Boyd Gaming from $95.00 to $91.00 and set a “hold” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.08.

Boyd Gaming Stock Performance

Shares of NYSE BYD opened at $83.91 on Friday. 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 12 month low of $67.67 and a 12 month high of $89.96. The company has a 50 day simple moving average of $83.82 and a two-hundred day simple moving average of $83.47. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 3.68, a PEG ratio of 1.86 and a beta of 1.19.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.16). Boyd Gaming had a net margin of 44.84% and a return on equity of 26.53%. The business had revenue of $997.36 million for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, 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 approved a stock repurchase program on Thursday, April 23rd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Josh Hirsberg sold 23,924 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $85.86, for a total transaction of $2,054,114.64. Following the completion of the sale, the chief financial officer owned 435,746 shares of the company’s stock, valued at $37,413,151.56. This represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Boyd sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $84.84, for a total transaction of $2,545,200.00. Following the sale, the director directly owned 1,930,447 shares of the company’s stock, valued at $163,779,123.48. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 73,454 shares of company stock valued at $6,231,827. 22.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boyd Gaming

Large investors have recently modified their holdings of the business. Citigroup Inc. grew its holdings in shares of Boyd Gaming by 94.8% during the third quarter. Citigroup Inc. now owns 229,823 shares of the company’s stock worth $19,868,000 after buying an additional 111,815 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Boyd Gaming during the third quarter worth $1,531,000. Envestnet Asset Management Inc. grew its holdings in shares of Boyd Gaming by 78.3% during the third quarter. Envestnet Asset Management Inc. now owns 127,303 shares of the company’s stock worth $11,005,000 after buying an additional 55,923 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Boyd Gaming by 174.3% during the third quarter. Allianz Asset Management GmbH now owns 274,154 shares of the company’s stock worth $23,701,000 after buying an additional 174,214 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Boyd Gaming during the third quarter worth $2,073,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

More Boyd Gaming News

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

• Positive Sentiment: Board authorized a $500 million share repurchase program, signaling management views the stock as undervalued; that support can underpin the share price over time. Read More.
• Positive Sentiment: Company repurchased roughly $155 million of common stock during the quarter, showing active capital returns even after the disappointing quarter. Read More.
• Positive Sentiment: Reported strong trailing profitability metrics (reported net margin and ROE remain healthy), providing a financial cushion versus peers. Read More.
• Neutral Sentiment: Management reiterated online EBITDAR guidance ($30M–$35M) and outlined a sizeable 2026 capex plan ($650M–$700M) — important for growth and maintenance but adds near-term cash needs. Read More.
• Neutral Sentiment: Analyst reactions are mixed: some firms trimmed targets (Stifel, Mizuho lowered targets) while others nudged targets higher (JPMorgan raised to $90), leaving consensus views split. Expect further target revisions as analysts digest regional trends. Read More.
• Negative Sentiment: Q1 results missed estimates: adjusted EPS ~$1.60 (consensus ~ $1.76) and revenue ~ $997M vs. higher expectations — the miss drove immediate selling pressure. Read More.
• Negative Sentiment: Adjusted EBITDAR declined year-over-year and analysts specifically flagged softness in Las Vegas locals and certain markets — a margin and volume concern that reduces near-term earnings visibility. Read More.
• Negative Sentiment: Notable insider selling and sizable institutional re-allocations reported in recent quarters add to investor caution. Read More.

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.