Benchmark Reiterates Buy Rating for Boyd Gaming
Benchmark maintains its buy rating on Boyd Gaming with a $100 price target, a 15.07% upside from the current price.
Key Points
- Benchmark analyst Mike Hickey reiterated a buy rating for Boyd Gaming Corporation (NYSE:BYD) on June 22, 2026, with a $100 price target.
- Benchmark's $100 price target implies 15.07% upside from Boyd Gaming Corporation's ($BYD) current $86.90 share price.
- Shares of Boyd Gaming traded near $84.68 on Monday, with a market cap around $6.29 billion and a P/E ratio of 3.74.
- Insider activity includes sales by CEO Keith Smith and Chief Legal Officer Clinton Uri, while William Boyd made purchases.
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Benchmark analyst Mike Hickey reiterated his buy rating on Boyd Gaming Corporation (NYSE:BYD) on June 22, 2026. He set a price target of $100, suggesting confidence in the company's future performance.
Benchmark vs. the S&P 500
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Boyd Gaming Corporation Stock Up 9.3%
Shares of NYSE:BYD traded near $84.68 on Monday. Boyd Gaming has a market cap of approximately $6.29 billion, with a P/E ratio of 3.74 and a forward P/E of 10.83. The stock has a 52-week low of $75.13 and a high of $89.96. Its 50-day moving average is $84.74, while the 200-day moving average is $83.76. The company's debt-to-equity ratio stands at 115.27, and it has a beta of 1.09.
$BYD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Boyd Gaming reported revenue of about $4.10 billion, with a modest growth rate of 0.6%. The company's net margin is 44.84%, and it has a return on equity of 94.28%. The next earnings report is expected on July 23, 2026.
Dividend
Boyd Gaming pays an annual dividend rate of $0.76, yielding 0.9%. The payout ratio is a low 3.27%, indicating a conservative approach to dividend distribution.
Insider Buying and Selling at Boyd Gaming Corporation
Recent insider activity at Boyd Gaming includes sales by Chief Legal Officer Clinton Uri, who sold 3,468 shares at $87.69 on June 9, 2026, and President and CEO Keith Smith, who sold 100,000 shares at $85.90 on June 3, 2026. Meanwhile, William Boyd purchased 2,347 shares on May 7, 2026.
Analysts Set New Price Targets
On June 22, 2026, Benchmark initiated a buy rating with a $100 price target. Other firms like Macquarie and Barclays have maintained hold ratings with targets of $91 and $86, respectively. The consensus recommendation is a buy, with a mean target price of $93.73 based on 15 analyst opinions.
About Boyd Gaming
Boyd Gaming Corporation operates casinos and online gaming in the U.S. and Canada. Based in Las Vegas, Nevada, it runs through segments like Las Vegas Locals and Midwest & South. Founded in 1975, the company is led by CEO Keith E. Smith and employs over 16,000 people.
Bottom Line
Benchmark's reiterated buy rating and $100 price target highlight confidence in Boyd Gaming's prospects. With a strong market presence and upcoming earnings, investors are watching closely. Note that analyst opinions can vary, and these ratings reflect past data.
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