First Trust Advisors LP Boosts Stock Holdings in Boyd Gaming Corporation $BYD

First Trust Advisors LP increased its stake in Boyd Gaming Corporation (NYSE:BYD) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 672,724 shares of the company’s stock after acquiring an additional 7,463 shares during the period. First Trust Advisors LP owned approximately 0.91% of Boyd Gaming worth $55,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BYD. Altshuler Shaham Ltd purchased a new stake in Boyd Gaming during the 4th quarter worth about $25,000. Los Angeles Capital Management LLC acquired a new position in shares of Boyd Gaming during the fourth quarter worth about $25,000. First Horizon Corp purchased a new stake in shares of Boyd Gaming during the fourth quarter worth approximately $41,000. Bessemer Group Inc. increased its stake in shares of Boyd Gaming by 62.8% during the first quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $43,000 after buying an additional 203 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Boyd Gaming by 56.8% in the first 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. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Boyd Gaming

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BYD. Citigroup raised 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. Morgan Stanley set a $90.00 target price on Boyd Gaming in a report on Wednesday. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. lifted their price target on Boyd Gaming from $90.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Mizuho set a $104.00 price objective on Boyd Gaming in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $94.77.

Boyd Gaming Stock Up 0.2%

Shares of NYSE BYD opened at $87.18 on Monday. The stock has a market cap of $6.48 billion, a PE ratio of 3.84, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.90. Boyd Gaming Corporation has a 52-week low of $76.33 and a 52-week high of $91.00. The business has a 50-day moving average price of $85.83 and a 200 day moving average price of $84.84.

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

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, June 15th. Boyd Gaming’s payout ratio is 3.52%.

Boyd Gaming announced that its Board of Directors has approved a stock buyback program on Thursday, April 23rd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Boyd Gaming

In related news, CEO Keith Smith sold 100,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was 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 directly owned 996,981 shares of the company’s stock, valued at $85,640,667.90. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marianne Boyd Johnson sold 62,914 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $84.03, for a total transaction of $5,286,663.42. Following the completion of the sale, the chairman owned 1,609,808 shares of the company’s stock, valued at $135,272,166.24. This trade represents a 3.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 200,000 shares of company stock valued at $17,038,987 in the last 90 days. Company 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.