Inceptionr LLC Boosts Stock Position in Boyd Gaming Corporation $BYD

Inceptionr LLC increased its holdings in Boyd Gaming Corporation (NYSE:BYD) by 141.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,313 shares of the company’s stock after purchasing an additional 8,385 shares during the period. Inceptionr LLC’s holdings in Boyd Gaming were worth $1,176,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its holdings 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 worth $36,000 after buying an additional 196 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Boyd Gaming by 13.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock valued at $628,000 after buying an additional 1,172 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Boyd Gaming in the 1st quarter valued at about $207,000. M&T Bank Corp bought a new position in shares of Boyd Gaming in the 2nd quarter valued at about $229,000. Finally, Amundi grew its position in Boyd Gaming by 14,719.0% in the second quarter. Amundi now owns 3,112 shares of the company’s stock worth $253,000 after acquiring an additional 3,091 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Keith Smith sold 100,000 shares of the firm’s stock in a transaction that occurred 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 approximately $85,640,667.90. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marianne Boyd Johnson sold 62,914 shares of the business’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 transaction, the chairman owned 1,609,808 shares of the company’s stock, valued at approximately $135,272,166.24. The trade was a 3.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 200,000 shares of company stock valued at $17,038,987 over the last three months. 22.82% of the stock is owned by corporate insiders.

More Boyd Gaming News

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

• Positive Sentiment: Boyd Gaming beat earnings estimates, posting $1.93 EPS versus consensus around $1.89, while also improving from $1.87 EPS a year ago. The company said its diversified model helped drive strong results in its Midwest & South operations, Online segment, and Managed business. Boyd Gaming Reports Second-Quarter 2026 Results
• Positive Sentiment: Market coverage highlighted the earnings beat as the main driver for investor interest, with Zacks noting Boyd exceeded its Q2 profit expectations and that key operating metrics were worth a closer look. Boyd Gaming (BYD) Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Revenue of $1.03 billion was slightly below the $1.04 billion consensus, suggesting the quarter was not a clean across-the-board beat even though profitability was solid. Boyd Gaming earnings report and transcript
• Neutral Sentiment: Analysts were already focused on whether Boyd could outperform on both revenue and EPS ahead of the release, so the stock’s reaction is being shaped by how the results compare with those expectations. Boyd Gaming Reports Earnings Tomorrow: What To Expect

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BYD. Benchmark began coverage on Boyd Gaming in a research note on Monday, June 22nd. They set a “buy” rating and a $100.00 price objective on the stock. Mizuho raised their price objective on Boyd Gaming from $96.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Texas Capital upgraded Boyd Gaming to a “strong-buy” rating in a report on Wednesday, June 3rd. Weiss Ratings raised Boyd Gaming from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on Boyd Gaming from $90.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.38.

Boyd Gaming Stock Performance

Shares of NYSE:BYD opened at $86.63 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Boyd Gaming Corporation has a 12 month low of $76.33 and a 12 month high of $91.00. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 3.80, a PEG ratio of 2.05 and a beta of 1.07. The firm’s 50-day moving average is $85.66 and its 200 day moving average is $84.85.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data 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 net margin of 44.84% and a return on equity of 25.63%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $1.87 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts predict that Boyd Gaming Corporation will post 7.23 EPS for the current year.

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

Boyd Gaming Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, June 15th. Boyd Gaming’s dividend payout ratio is presently 3.51%.

Boyd Gaming 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.