BI Asset Management Fondsmaeglerselskab A S Sells 29,349 Shares of Boyd Gaming Corporation $BYD

07 Jun 2026, 07:38 by Mitch Edgeman · The Markets Daily

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Boyd Gaming Corporation (NYSE:BYD – Free Report) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 82,247 shares of the company’s stock after selling 29,349 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Boyd Gaming were worth $7,011,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Boyd Gaming by 76.0% during the 4th quarter. Parallel Advisors LLC now owns 1,276 shares of the company’s stock valued at $109,000 after acquiring an additional 551 shares during the period. Factorial Partners LLC bought a new stake in shares of Boyd Gaming during the 4th quarter valued at $341,000. MUFG Securities EMEA plc bought a new stake in shares of Boyd Gaming during the 4th quarter valued at $1,338,000. BNP Paribas Financial Markets lifted its position in shares of Boyd Gaming by 367.9% during the 4th quarter. BNP Paribas Financial Markets now owns 135,930 shares of the company’s stock worth $11,587,000 after buying an additional 106,878 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Boyd Gaming during the 4th quarter worth $58,763,000. 76.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BYD shares. Wells Fargo & Company dropped their price objective on Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Citigroup upped their price objective on Boyd Gaming from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Mizuho dropped their price objective on Boyd Gaming from $99.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Morgan Stanley restated a “mixed” rating on shares of Boyd Gaming in a research report on Wednesday, April 8th. Finally, Texas Capital upgraded Boyd Gaming to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Boyd Gaming presently has a consensus rating of “Hold” and a consensus target price of $92.08.

Check Out Our Latest Report on Boyd Gaming

Boyd Gaming Price Performance

Shares of BYD opened at $87.78 on Friday. Boyd Gaming Corporation has a 12-month low of $73.00 and a 12-month high of $89.96. The business has a 50-day simple moving average of $84.03 and a two-hundred day simple moving average of $83.89. 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 has a market cap of $6.52 billion, a PE ratio of 3.85, a PEG ratio of 2.05 and a beta of 1.08.

Boyd Gaming (NYSE:BYD – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.16). Boyd Gaming had a return on equity of 25.63% and a net margin of 44.84%.The firm had revenue of $997.36 million during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.62 EPS. Boyd Gaming’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that Boyd Gaming Corporation will post 7.32 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

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

Boyd Gaming announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Chairman Marianne Boyd Johnson sold 62,914 shares of the stock in a transaction dated Tuesday, May 5th. The stock was 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 of the company’s stock, valued at approximately $135,272,166.24. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value 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. The trade was a 9.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 200,000 shares of company stock valued at $17,038,987. Insiders own 22.82% of the company’s stock.

Boyd Gaming Profile

(Free Report)

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.