Boyd Gaming Corporation (BYD)

Boyd Gaming (NYSE: BYD) Chairman of the Board, Marianne Boyd Johnson, has filed a Form 144 notice indicating a potential sale of 12 shares of the company's common stock through LPL Financial. The aggregate market value of these shares is stated as $978.71, with 72,000,000 shares outstanding. The filing also notes that 2,429 shares were awarded to her as RSUs on February 22, 2026, which are identified as securities to be sold under Rule 144, with an approximate sale date of August 24, 2026.

Analysts have given Boyd Gaming Corporation (NYSE:BYD) an average "Hold" rating, with a consensus 12-month price target of $94.69, exceeding its current share price of $80.85. The company recently surpassed earnings expectations, reporting adjusted EPS of $1.93 against a $1.89 estimate, though revenue slightly missed forecasts at $1.03 billion. Insider selling by CEO Keith Smith and CFO Josh Hirsberg was noted, while institutional ownership remains high at 76.81%, with BlackRock and Bank of America increasing their stakes.

COHEN & STEERS, INC. significantly increased its stake in Boyd Gaming Corp (BYD) on June 30, 2026, purchasing over 3.8 million shares and making BYD a notable part of its portfolio. Despite paying a premium at the time of transaction, the stock is currently classified as "Modestly Undervalued" by GuruFocus, with an estimated potential upside of 12.4%. Boyd Gaming exhibits strong profitability, solid growth, and a safe financial standing, making it an attractive investment in the gaming and hospitality sector.

Boyd Gaming has reportedly emerged as a potential buyer for Bally's struggling Tropicana redevelopment site in Las Vegas, a project facing significant financial and construction challenges. This news follows Bally's recent solvency warning in an SEC filing and a re-phasing of the Tropicana project by Clark County, indicating a complex deal involving union agreements and revenue-sharing. While Bally's denies sale rumors, the timing aligns with their financial difficulties, suggesting a possible asset sale to avoid default.

Meeder Asset Management Inc. recently acquired 22,074 shares of Boyd Gaming Corporation (NYSE:BYD), valued at approximately $1.95 million, making them one of several institutional investors to adjust their holdings in the company. Despite insider selling by CEO Keith Smith and CFO Josh Hirsberg, the company has seen positive developments including exceeding quarterly EPS expectations, authorizing a $500 million share-repurchase plan, and declaring a quarterly dividend of $0.20 per share. Analysts generally maintain a "Hold" rating for Boyd Gaming with an average price target of $94.69.