Boyd Gaming Corporation (BYD) reported results for the first quarter of 2026. Key headline numbers:
Compared with analyst expectations, Boyd missed on both revenue and earnings. Consensus revenue was about $1.01 billion, versus actual revenue of $997.4 million. The consensus EPS estimate was 1.7448, compared with reported EPS of 1.37.
Selected cash-flow and balance-sheet highlights:
Other notable items: cost of sales was $505.3 million (+20.58% year-over-year). Shares moved after the print, with the stock down about -9.09% since market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Boyd Gaming Corporation Insider Trading Activity
Boyd Gaming Corporation insiders have traded $BYD stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $BYD stock by insiders over the last 6 months:
- WILLIAM R BOYD has made 0 purchases and 2 sales selling 50,000 shares for an estimated $4,152,400.
- JOSH HIRSBERG (CFO & Treasurer) sold 23,924 shares for an estimated $2,054,114
- STEPHEN S. THOMPSON (Chief Administrative Officer) sold 19,530 shares for an estimated $1,632,512
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Boyd Gaming Corporation Hedge Fund Activity
We have seen 195 institutional investors add shares of Boyd Gaming Corporation stock to their portfolio, and 219 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COHEN & STEERS, INC. removed 922,957 shares (-49.7%) from their portfolio in Q4 2025, for an estimated $78,672,854
- NITORUM CAPITAL, L.P. removed 846,894 shares (-76.4%) from their portfolio in Q4 2025, for an estimated $72,189,244
- INVESCO LTD. added 773,394 shares (+118.2%) to their portfolio in Q4 2025, for an estimated $65,924,104
- MACQUARIE GROUP LTD removed 599,498 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $51,101,209
- CLARK CAPITAL MANAGEMENT GROUP, INC. removed 581,781 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $49,591,012
- FMR LLC removed 555,840 shares (-26.8%) from their portfolio in Q4 2025, for an estimated $47,379,801
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 518,288 shares (-82.2%) from their portfolio in Q4 2025, for an estimated $44,178,869
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Boyd Gaming Corporation Price Targets
Multiple analysts have issued price targets for $BYD recently. We have seen 7 analysts offer price targets for $BYD in the last 6 months, with a median target of $90.0.
Here are some recent targets:
- Trey Bowers from Wells Fargo set a target price of $83.0 on 04/16/2026
- James Hardiman from Citigroup set a target price of $90.0 on 04/16/2026
- Stephen Grambling from Morgan Stanley set a target price of $87.0 on 04/08/2026
- Joseph Stauff from Susquehanna set a target price of $87.0 on 04/07/2026
- Derek J. Lessard from TD Cowen set a target price of $270.0 on 03/19/2026
- Jonathan Goldman from Scotiabank set a target price of $239.0 on 03/19/2026
- Steven Wieczynski from Stifel set a target price of $95.0 on 02/06/2026
