Boyd Gaming (NYSE:BYD) Price Target Cut to $80.00 by Analysts at Stifel Nicolaus

Boyd Gaming (NYSE:BYD) had its price objective cut by investment analysts at Stifel Nicolaus from $92.00 to $80.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus‘s price target indicates a potential upside of 10.88% from the stock’s previous close.

A number of other brokerages have also issued reports on BYD. Morgan Stanley upgraded Boyd Gaming from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $89.00 to $83.00 in a report on Monday. The Goldman Sachs Group set a $80.00 price objective on Boyd Gaming in a research note on Tuesday, October 13th. Mizuho reduced their price objective on Boyd Gaming from $104.00 to $102.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. JPMorgan Chase & Co. dropped their price target on Boyd Gaming from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Barclays set a $83.00 price target on Boyd Gaming in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Boyd Gaming has an average rating of “Moderate Buy” and a consensus price target of $89.93.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $72.15 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.77 and a quick ratio of 0.74. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The firm has a 50-day moving average of $74.45 and a two-hundred day moving average of $81.66. Boyd Gaming has a 1 year low of $65.00 and a 1 year high of $91.41.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, October 22nd. The company reported $1.67 EPS for the quarter, hitting analysts’ consensus estimates of $1.67. The business had revenue of $990.46 million for the quarter, compared to analyst estimates of $1 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.52%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. On average, research analysts forecast that Boyd Gaming will post 7.12 earnings per share for the current year.

Insider Buying and Selling at Boyd Gaming

In other news, CFO Josh Hirsberg sold 12,777 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.76, for a total transaction of $1,146,863.52. Following the transaction, the chief financial officer directly owned 422,969 shares in the company, valued at approximately $37,965,697.44. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.82% of the company’s stock.

Hedge Funds Weigh In On Boyd Gaming

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Boyd Gaming in the second quarter worth approximately $486,737,000. Bank of America Corp DE bought a new stake in Boyd Gaming during the 2nd quarter valued at $70,043,000. Bamco Inc. NY bought a new stake in Boyd Gaming during the 2nd quarter valued at $41,184,000. Bank of New York Mellon Corp bought a new stake in Boyd Gaming during the 2nd quarter valued at $40,281,000. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Boyd Gaming in the 1st quarter valued at $21,810,000. Institutional investors own 76.81% of the company’s stock.

Trending Headlines about Boyd Gaming

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

• Positive Sentiment: Adjusted earnings exceeded expectations. Boyd reported third-quarter EPS of approximately $1.67, in line with some estimates and above the $1.65 Zacks consensus, although below $1.72 a year earlier. Boyd Gaming Surpasses Q3 Earnings Estimates
• Positive Sentiment: Large buyback supported the stock. The company repurchased $164 million of shares during the quarter and had $387 million remaining under its authorization, signaling confidence in intrinsic value and providing a potential boost to per-share results. Boyd Gaming Q3 2026: EPS Beat, Revenue Miss, and a $164M Buyback
• Positive Sentiment: Regional operations and property investments remained resilient. Midwest & South revenue reached $540.5 million, while management highlighted the benefits of its diversified portfolio and investments across the company’s properties. Online revenue contributed $154.5 million. Boyd Gaming Leans on Growth in the Midwest and South
• Neutral Sentiment: Operating performance was broadly stable. Adjusted EBITDAR was $319.6 million, compared with $321.8 million a year earlier. The company ended the quarter with $297.2 million in cash and $2.7 billion in debt, while maintaining its $0.20 quarterly dividend.
• Negative Sentiment: Revenue missed estimates and declined year over year. Third-quarter revenue was $990.5 million, below the roughly $1 billion consensus and down 1.3% from the prior year. Las Vegas destination softness weighed on results, with analysts pointing to weaker tourism trends. Boyd Gaming Misses Q3 Revenue Estimates
• Negative Sentiment: Profit comparisons remain challenging. Net income was affected by comparison with the prior year, which included a substantial after-tax gain from the sale of Boyd’s FanDuel interest. Reported EPS also declined from the year-ago period, and recent insider activity showed selling rather than purchases.

Boyd Gaming Company Profile

Boyd Gaming Corporation is a gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates casinos, hotels, restaurants, entertainment venues and related amenities under brands including Sam’s Town, The Orleans, Gold Coast, Suncoast and Fremont.

Boyd Gaming serves customers across several U.S. states, with a significant presence in Nevada as well as properties in the Midwest and South. Its portfolio includes destination resorts, regional casinos and racetracks offering slot machines, table games, poker, sports betting and other gaming experiences.

The company also operates online gaming and sports-wagering businesses in selected markets, including through partnerships and digital platforms.