Boyd Gaming Corporation (BYD) Stock Price & Analysis
Boyd Gaming Corporation (BYD) closed at USD 72.27 on Thursday, October 22, 2026, up 2.35% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 70.61; the Oct 22, 2026 session ranged USD 69.93–72.97 on volume of 1,685,095 shares. Market capitalization is $5.25B, with a 52-week range of USD 65–91.41 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BYD.md
Key facts (BYD)
- Last four reported quarters (through Jun 30, 2026): revenue $4.10B, net income $1.82B (44.3% margin), free cash flow $35.1M (SEC filings).
- 1 of 80 tracked superinvestors hold BYD (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $18.6M; 6 not under a Rule 10b5-1 plan ($18.6M); 3 by opportunistic insiders (3 outside 10b5-1 plans), 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.47 on a 1–5 scale) (19 analysts), mean target USD 90.69 (range 75–111).
- Total return with dividends: 1Y -14.2% vs S&P 500 +14.9%; 5Y +14.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 1.72, revenue estimate $1.04B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BYD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.37B | $3.56B | $3.74B | $3.93B | $4.09B | $4.10B |
| Operating income | $900M | $981M | $902M | $928M | $748M | $671M |
| Net income | $464M | $639M | $620M | $578M | $1.84B | $1.82B |
| EPS (diluted) | $4.07 | $5.87 | $6.12 | $6.19 | $22.56 | — |
| Free cash flow | $811M | $707M | $541M | $557M | $388M | $35.1M |
| Operating margin | 26.7% | 27.6% | 24.1% | 23.6% | 18.3% | 16.4% |
| Net margin | 13.8% | 18.0% | 16.6% | 14.7% | 45.0% | 44.3% |
| Revenue growth | +54.7% | +5.5% | +5.2% | +5.1% | +4.1% | — |
| Cash + short-term investments | $345M | $284M | $305M | $317M | $354M | — |
| Total debt | $3.03B | $3.05B | $2.92B | $3.18B | $2.05B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BYD)
P/E at fiscal year-ends: Dec 2025 3.8x, Dec 2024 11.7x, Dec 2023 10.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (BYD)
1 of 80 tracked investors hold BYD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 1.92% | $193M | Reduced -4.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (BYD)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-24 | Johnson Marianne Boyd | Director | 12 | $1K | 0% | No | Routine (sold in Feb & Aug each year 2023–2025) |
| 2026-07-28 | Hirsberg Josh | CFO & Treasurer | 12,777 | $1.1M | 2.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-09 | Clinton Uri | Chief Legal Off. & Secretary | 3,468 | $304K | 5.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-03 | Smith Keith | President and CEO | 100,000 | $8.6M | 9.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-13 | Spadafor Christine J. | Director | 1,237 | $100K | 12.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-01…2026-05-05 | Johnson Marianne Boyd | Chairman | 100,000 | $8.4M | 1.2% | No | Routine (sold in Feb & Aug each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BYD)
Consensus Buy (mean 2.47 on a 1–5 scale), 19 analysts; mean target USD 90.69 (low 75, high 111).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | JP Morgan | Target lowered | Neutral | $93 → $85 |
| 2026-10-20 | Truist Securities | Target lowered | Buy | $110 → $100 |
| 2026-10-19 | Susquehanna | Upgrade | Neutral → Positive | $87 → $83 |
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $87 → $86 |
| 2026-10-19 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $89 → $83 |
| 2026-10-12 | Citigroup | Target lowered | Neutral | $90 → $78 |
| 2026-10-09 | Barclays | Target lowered | Equal-Weight | $87 → $85 |
| 2026-10-07 | Mizuho | Target lowered | Outperform | $104 → $102 |
| 2026-10-07 | Macquarie | Target lowered | Neutral | $94 → $90 |
| 2026-10-06 | Deutsche Bank | Upgrade | Hold → Buy | $98 → $99 |
| 2026-09-02 | Wolfe Research | Initiated | Peer Perform | |
| 2026-08-17 | Macquarie | Target raised | Neutral | $92 → $94 |
Total return (dividends reinvested) (BYD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.2% | +14.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.2% | +2.8% |
| Volatility (annualized) | 27.1% | 28.0% |
| Max drawdown | -27.4% (Jul 2026→Oct 2026) | -32.9% (Feb 2022→Sep 2022) |
Companies that name BYD in their SEC reports
| Relationship to BYD | Company | Filing | Sentence |
|---|---|---|---|
| partner | Flutter Entertainment plc (FLUT) | 10-K Feb 26, 2026 | “Additionally, FanDuel has a strategic partnership with Boyd Gaming Corporation, one of the largest and most experienced gaming companies in the United States.” |
BYD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $1.72 | $1.92 | -10.2% | $1.04B | 6 |
| Next quarter (ends Mar 2027) | $1.69 | $1.71 | -1.6% | $1.01B | 7 |
| Current fiscal year (ends Dec 2026) | $6.89 | $7.08 | -2.6% | $4.06B | 9 |
| Next fiscal year (ends Dec 2027) | $7.64 | $7.74 | -1.3% | $4.17B | 17 |
BYD options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 44.8% | ±10.2% |
| Dec 18, 2026 | 56 | 28.2% | ±8.9% |
| Jan 15, 2027 | 84 | 29.9% | ±11.5% |
| Mar 19, 2027 | 147 | 28.8% | ±14.5% |
| Jun 17, 2027 | 237 | 27.1% | ±17.3% |
30-day implied volatility 32.3% vs 23.7% realized over the last 30 trading days. Put/call ratio (volume) 5.35. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 72.27 |
|---|---|
| Change | ▲ 2.35% (up) |
| Previous Close | USD 70.61 |
| Open | USD 70.04 |
| Day Range | USD 69.93 – 72.97 |
| 52-Week Range | USD 65 – 91.41 |
| Volume | 1,685,095 shares |
| Market Cap | $5.25B |
| Exchange | NYQ |
Technical Analysis (BYD)
Nexqual's technical model rates BYD "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 51.67 (neutral) |
| vs SMA50 | Below (USD 74.53) |
| MACD | -0.8 (negative) |
Analyst Ratings (BYD)
Wall Street analysts rate BYD "Buy" based on 19 analysts, with a mean price target of USD 90.69 (range USD 75–111), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 90.69 |
| High Target | USD 111 |
| Low Target | USD 75 |
| Buy / Hold / Sell | 9 / 10 / 0 |
Earnings (BYD)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 1.72 |
| Revenue Estimate | $1.04B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 1.67 vs est 1.62 ▲ beat |
| 2026-06-30 | USD 1.93 vs est 1.89 ▲ beat |
| 2026-03-31 | USD 1.6 vs est 1.71 ▼ miss |
| 2025-12-31 | USD 2.21 vs est 1.94 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (BYD)
| Total Revenue | $4.10B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.00% |
| Gross Margin | +59.13% |
| Operating Margin | +20.89% |
| Profit Margin | +44.34% |
| ROE | +93.08% |
| Debt / Equity | 1.3 |
| Current Ratio | 0.77 |
| Total Cash | $323.61M |
| Total Debt | $3.26B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $35.06M (0.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (BYD)
Nexqual rates Boyd Gaming Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Mixed — Revenue +4.1% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 59%, operating 21% (last 12 months) |
| Balance Sheet | Weak — $324M cash and investments vs $2.61B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $35M (last 4 quarters to Jun 2026, SEC), slim 0.9% margin |
| Efficiency | Strong — ROE 93%, ROA 7.8% |
Ownership (BYD)
| Insider Ownership | +31.97% |
|---|---|
| Institutional Ownership | +76.03% |
| Shares Outstanding | 72.66M |
| Float | 47.92M |
| Short % of Float | +8.54% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (BYD)
Boyd Gaming Corporation is led by Keith E. Smith, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| President, CEO & Director | Keith E. Smith |
|---|---|
| Executive Chairman | Marianne Boyd Johnson |
| Executive VP, CFO & Treasurer | Josh Hirsberg |
| Vice President of Corporate Communications | David Strow |
| Executive Vice President of Nevada Operations | Steve Schutte |
Major Backers & Investors (BYD)
Notable institutional backers of Boyd Gaming Corporation include Cohen & Steers Inc., Ariel Investments, LLC, American Century Companies Inc, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 8.65% |
| Ariel Investments, LLC | 3% |
| American Century Companies Inc | 1.88% |
| Boston Partners | 1.51% |
| Invesco | 1.4% |
| Ariel Investment Trust-Ariel Fund | 1.31% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.58% |
| Vanguard Group | 6.73% |
| State Street | 2.6% |
| Geode Capital | 2% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RRR | Red Rock Resorts, Inc. | USD 50.43 | ▲ 2.38% |
| MTN | Vail Resorts, Inc. | USD 148.23 | ▲ 0.83% |
| CZR | Caesars Entertainment, Inc. | USD 29.07 | ▲ 0.59% |
| VAC | Marriott Vacations Worldwide Co | USD 112.93 | ▼ 0.16% |
| MGM | MGM Resorts International | USD 29.5 | ▲ 2.18% |
| WYNN | Wynn Resorts, Limited | USD 75.13 | ▼ 0.83% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt