Bank of New York Mellon Corp Sells 8,391 Shares of Boyd Gaming Corporation $BYD

Bank of New York Mellon Corp lowered its holdings in shares of Boyd Gaming Corporation (NYSE:BYD) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 502,369 shares of the company’s stock after selling 8,391 shares during the period. Bank of New York Mellon Corp owned approximately 0.67% of Boyd Gaming worth $41,285,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in Boyd Gaming in the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of Boyd Gaming during the 4th quarter worth approximately $25,000. Advisors Asset Management Inc. increased its stake in shares of Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after acquiring an additional 196 shares in the last quarter. First Horizon Corp bought a new stake in shares of Boyd Gaming in the 4th quarter valued at $41,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Boyd Gaming by 139.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 619 shares of the company’s stock valued at $48,000 after acquiring an additional 361 shares during the period. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Stock Up 0.7%

BYD stock opened at $87.18 on Friday. Boyd Gaming Corporation has a twelve month low of $76.33 and a twelve month high of $91.00. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average is $85.83 and its 200-day moving average is $84.86. The firm has a market capitalization of $6.48 billion, a PE ratio of 3.84, a P/E/G ratio of 2.06 and a beta of 1.07.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. Boyd Gaming had a return on equity of 22.29% and a net margin of 44.34%.The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.87 earnings per share. Boyd Gaming’s revenue was up .0% compared to the same quarter last year. Sell-side analysts expect that Boyd Gaming Corporation will post 7.21 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 15th. Boyd Gaming’s payout ratio is currently 3.52%.

Boyd Gaming declared that its board has initiated a stock repurchase plan on Thursday, April 23rd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BYD shares. Barclays increased their target price on shares of Boyd Gaming from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings raised shares of Boyd Gaming from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Citigroup upped their price objective on shares of Boyd Gaming from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Benchmark started coverage on shares of Boyd Gaming in a research report on Monday, June 22nd. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Boyd Gaming from $81.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. One investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $94.77.

More Boyd Gaming News

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

• Positive Sentiment: Boyd Gaming beat earnings expectations with Q2 EPS of $1.93 versus the consensus estimate, which suggests stronger profitability than analysts anticipated. Boyd Gaming (BYD) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company said results benefited from strong performance in its Midwest & South operations, Online segment, and Managed business, highlighting diversification across key revenue streams. BOYD GAMING REPORTS SECOND-QUARTER 2026 RESULTS
• Neutral Sentiment: Revenue of $1.03 billion was roughly in line with expectations, though slightly below the $1.04 billion forecast, so the top-line result was not a major surprise for investors. Boyd Gaming Corporation: Boyd Gaming Reports Second-quarter 2026 Results
• Neutral Sentiment: Market commentary noted that the stock may still look undervalued after the earnings release, but sentiment has cooled, suggesting investors are weighing solid fundamentals against a more cautious outlook. Boyd Gaming (BYD) Following Fresh Results Looks Undervalued But Sentiment Has Cooled

Insiders Place Their Bets

In other news, Chairman Marianne Boyd Johnson sold 62,914 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $84.03, for a total value of $5,286,663.42. Following the completion of the sale, the chairman owned 1,609,808 shares in the company, valued at $135,272,166.24. This represents a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Keith Smith sold 100,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.90, for a total transaction of $8,590,000.00. Following the completion of the sale, the chief executive officer owned 996,981 shares of the company’s stock, valued at approximately $85,640,667.90. This represents a 9.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 200,000 shares of company stock worth $17,038,987 over the last ninety days. Insiders own 22.82% of the company’s stock.

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.