Stifel Nicolaus Issues Pessimistic Forecast for Boyd Gaming (NYSE:BYD) Stock Price

Boyd Gaming (NYSE:BYD) had its price objective dropped by equities research analysts at Stifel Nicolaus from $95.00 to $91.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 8.45% from the company’s current price.

Several other research firms have also recently issued reports on BYD. Wells Fargo & Company decreased their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. Mizuho set a $100.00 target price on shares of Boyd Gaming in a research note on Monday, February 2nd. Truist Financial set a $110.00 target price on shares of Boyd Gaming in a research note on Tuesday, January 13th. Finally, Susquehanna decreased their target price on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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 declared that its board has authorized a share buyback program on Thursday, April 23rd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Boyd Gaming 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 transaction, the chief financial officer directly owned 435,746 shares in the company, valued at approximately $37,413,151.56. This represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen S. Thompson sold 19,530 shares of the company’s stock in a transaction 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 transaction, the insider owned 22,009 shares of the company’s stock, valued at $1,839,732.31. This represents a 47.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 73,454 shares of company stock worth $6,231,827. Company insiders own 22.82% of the company’s stock.

Hedge Funds Weigh In On Boyd Gaming

A number of large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in Boyd Gaming by 18.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,755,659 shares of the company’s stock worth $149,652,000 after acquiring an additional 277,529 shares during the period. Invesco Ltd. raised its position in Boyd Gaming by 118.2% during the fourth quarter. Invesco Ltd. now owns 1,427,828 shares of the company’s stock worth $121,708,000 after acquiring an additional 773,394 shares during the period. Franklin Resources Inc. raised its position in Boyd Gaming by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 1,357,412 shares of the company’s stock worth $115,706,000 after acquiring an additional 136,129 shares during the period. Geode Capital Management LLC raised its position in Boyd Gaming by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 1,355,209 shares of the company’s stock worth $115,537,000 after acquiring an additional 285,719 shares during the period. Finally, Nuveen LLC raised its position in Boyd Gaming by 10.6% during the fourth quarter. Nuveen LLC now owns 1,080,331 shares of the company’s stock worth $92,087,000 after acquiring an additional 103,684 shares during the period. 76.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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.