Susquehanna Cuts Boyd Gaming (NYSE:BYD) Price Target to $87.00

10 Apr 2026, 06:42 by Tristan Rich · The Markets Daily

Boyd Gaming (NYSE:BYD – Free Report) had its price objective lowered by Susquehanna from $89.00 to $87.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. Truist Financial set a $110.00 price objective on shares of Boyd Gaming in a research note on Tuesday, January 13th. UBS Group set a $110.00 price objective on shares of Boyd Gaming in a research note on Wednesday, December 24th. Morgan Stanley set a $86.00 price objective on shares of Boyd Gaming in a research note on Wednesday, February 11th. Mizuho set a $100.00 price objective on shares of Boyd Gaming in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.50.

Get Our Latest Analysis on BYD

Boyd Gaming Stock Up 0.7%

Shares of NYSE BYD opened at $86.80 on Tuesday. The firm has a market cap of $6.54 billion, a PE ratio of 3.82, a P/E/G ratio of 1.82 and a beta of 1.19. Boyd Gaming has a 12-month low of $62.80 and a 12-month high of $89.96. The company’s fifty day simple moving average is $83.13 and its 200 day simple moving average is $83.40. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt-to-equity ratio of 0.78.

Boyd Gaming (NYSE:BYD – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.33. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Boyd Gaming will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.9%. Boyd Gaming’s payout ratio is 3.52%.

Insider Activity at Boyd Gaming

In related news, CFO Josh Hirsberg sold 23,924 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $85.86, for a total transaction of $2,054,114.64. Following the transaction, the chief financial officer directly owned 435,746 shares of the company’s stock, valued at $37,413,151.56. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen S. Thompson sold 19,530 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the transaction, the insider directly owned 22,009 shares in the company, valued at $1,839,732.31. The trade was a 47.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,454 shares of company stock valued at $6,231,827 over the last ninety days. Corporate insiders own 22.82% of the company’s stock.

Institutional Trading of Boyd Gaming

Large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in Boyd Gaming by 94.8% during the third quarter. Citigroup Inc. now owns 229,823 shares of the company’s stock worth $19,868,000 after buying an additional 111,815 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in Boyd Gaming during the third quarter worth about $1,531,000. Envestnet Asset Management Inc. increased its holdings in Boyd Gaming by 78.3% during the third quarter. Envestnet Asset Management Inc. now owns 127,303 shares of the company’s stock worth $11,005,000 after buying an additional 55,923 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Boyd Gaming by 174.3% during the third quarter. Allianz Asset Management GmbH now owns 274,154 shares of the company’s stock worth $23,701,000 after buying an additional 174,214 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Boyd Gaming by 9.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 340,281 shares of the company’s stock worth $29,615,000 after buying an additional 30,543 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

About Boyd Gaming

(Get 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.