Boyd Gaming Corporation (NYSE:BYD) Receives $92.08 Consensus Target Price from Brokerages

Boyd Gaming Corporation (NYSE:BYD) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $92.50.

Several equities analysts recently issued reports on BYD shares. Jefferies Financial Group restated a “buy” rating on shares of Boyd Gaming in a research report on Wednesday, December 24th. Wells Fargo & Company assumed coverage on Boyd Gaming in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $85.00 target price on the stock. Morgan Stanley increased their price target on Boyd Gaming from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. Stifel Nicolaus boosted their price objective on shares of Boyd Gaming from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday. Finally, Mizuho set a $100.00 price objective on shares of Boyd Gaming in a research report on Monday, February 2nd.

Boyd Gaming Stock Down 0.1%

BYD stock opened at $83.54 on Thursday. The company has a fifty day moving average price of $85.04 and a 200 day moving average price of $83.85. Boyd Gaming has a 12 month low of $58.94 and a 12 month high of $89.96. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 3.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.33. Boyd Gaming had a net margin of 45.05% and a return on equity of 33.49%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.96 EPS. Boyd Gaming’s revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts expect that Boyd Gaming will post 6.52 earnings per share for the current year.

Boyd Gaming Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a $0.18 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is presently 3.16%.

Boyd Gaming News Roundup

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

• Positive Sentiment: Q4 results beat expectations: BYD reported $2.21 EPS vs. $1.88 consensus and revenue of $1.06B vs. $1.02B expected, driven by disciplined operations and strong margins — a near-term earnings surprise that supports valuation. Boyd Gaming Q4 Earnings & Revenues Beat Estimates, Increase Y/Y
• Positive Sentiment: Local/core customer strength and operating discipline: Management cited continued growth among local customers and strong operating performance, which underpinned the quarter and suggests resilient cash flow at many properties. BYD Q4 deep dive
• Neutral Sentiment: Large 2026 capital plan announced: Boyd outlined a $650M–$700M capex program focused on major property investments to support growth and reposition assets — positive for long-term revenue potential but increases near-term cash commitments. Boyd outlines $650M–$700M capital plan for 2026
• Neutral Sentiment: Earnings call and transcripts available for detail: Management commentary (earnings call transcript) provides more color on property-level trends, loyalty metrics and ROI expectations for the capex — useful for assessing sustainability of the beat. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Market reaction and elevated volume: Despite the beat, BYD shares are trading down on higher-than-average volume as investors weigh the large capex plan and signs of destination/property softness at some assets — suggesting profit-taking and caution about near-term cash flow impact. MarketBeat Q4 report
• Negative Sentiment: Destination-property softness noted: Management highlighted relative softness at destination properties versus strength in local markets; slower recovery at destination assets could pressure revenue growth at higher-margin venues. Deep dive on local vs. destination trends

Hedge Funds Weigh In On Boyd Gaming

A number of large investors have recently modified their holdings of BYD. Arrowstreet Capital Limited Partnership grew its holdings in Boyd Gaming by 11.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,478,130 shares of the company’s stock worth $127,784,000 after acquiring an additional 153,462 shares during the period. Franklin Resources Inc. increased its holdings in shares of Boyd Gaming by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,221,283 shares of the company’s stock valued at $105,580,000 after purchasing an additional 173,868 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Boyd Gaming by 11.7% in the second quarter. American Century Companies Inc. now owns 1,213,024 shares of the company’s stock valued at $94,895,000 after purchasing an additional 127,167 shares during the period. First Trust Advisors LP boosted its holdings in Boyd Gaming by 679.7% during the second quarter. First Trust Advisors LP now owns 1,122,869 shares of the company’s stock worth $87,842,000 after buying an additional 978,853 shares in the last quarter. Finally, Norges Bank acquired a new position in Boyd Gaming during the second quarter worth about $54,933,000. 76.81% of the stock is owned by hedge funds and other institutional investors.

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.