Boyd Gaming (BYD)
Operates Las Vegas and regional casinos alongside an online gaming and market-access business.
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Operates casinos across Las Vegas and regional U.S. markets while Boyd Interactive provides B2B and B2C online casino services and market access. Four reportable segments cover Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online.
Operates gaming entertainment properties across Las Vegas and regional U.S. markets. Land-based operations are reported through Las Vegas Locals, Downtown Las Vegas, and Midwest & South, separating local, downtown, and broader regional operations.
Boyd Interactive extends the business into U.S. and Canadian online casino gaming through B2B and B2C operations, and it earns online market-access fees from third-party agreements in the United States. The company also manages Sky River Casino in California under an agreement with Wilton Rancheria.
Together, the four reportable segments combine local Las Vegas, downtown, regional, and online businesses in one reporting structure. Online market access and the Sky River operation depend on third-party agreements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Wolfe Research | Initiate | Rating: — | |
| Jul 27, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $90 | Target: $89 |
| Jul 24, 2026 | Susquehanna | Reiterate | Rating: —Target: $89 | Target: $87 |
| Jul 24, 2026 | Mizuho Securities | Target | Target: $100 | Target: $104 |
| Jul 24, 2026 | Stifel Nicolaus | Target | Target: $91 | Target: $92 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $322.7M · Total debt $3.26B · Total assets $6.68B · Shareholders' equity $2.50B
- Revenue
- $1.03B
- Operating income
- $200.7M
- Net income
- $131.2M
HistoryDividendAnnual yield
| Institutions | 75.95% | 55.18M shares | |
|---|---|---|---|
| 437 holders · as of Jun 30, 2026 | |||
| Insiders | 4.65% | 3.38M shares | |
| 17 holders · as of Aug 26, 2026 | |||
| Other | 19.40% | 14.09M shares | |
| remainder | |||
72.66M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cohen & Steers, Inc.Institution | 8.65% | 6.28M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.58% | 5.51M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.46% | 2.51M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.27% | 2.38M | as of Jun 30, 2026 |
Ariel Investments, LLCInstitution | 3.00% | 2.18M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Marianne Boyd Johnson | director, 10 percent owner: | −12 | $82.00 |
| Jul 28, 2026 | Josh Hirsberg | officer: CFO & Treasurer | −12,777 | $89.76 |
| Jun 9, 2026 | Uri Clinton | officer: Chief Legal Off. & Secretary | −3,468 | $87.69 |
| Jun 3, 2026 | Keith Smith | director, officer: President and CEO | −100,000 | $85.90 |
| May 13, 2026 | Christine J. Spadafor | director | −1,237 | $80.91 |
- Caesars Entertainment
Las Vegas, regional casino and digital-gaming overlap
- PENN® Entertainment
Regional casinos and omni-channel online gaming overlap
- Red Rock Resorts
Direct Las Vegas locals casino and hospitality overlap
- MGM Resorts International
Las Vegas, regional casinos and BetMGM online overlap
- DraftKings
Online sportsbook and iGaming overlap with Boyd Interactive
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Boyd Gaming | $73.63 | +1.45% | $5.27B | 3.2 | 9.9 | 1.3 | +0.0% |
| Caesars Entertainment | $29.70 | +0.16% | $6.04B | — | — | 0.5 | +3.0% |
| PENN® Entertainment | $16.81 | +4.22% | $2.16B | — | 11.6 | 0.3 | +5.2% |
| Red Rock Resorts | $50.79 | +0.96% | $2.94B | 17.8 | 20.4 | 1.5 | −3.0% |
| MGM Resorts International | $38.95 | +0.57% | $9.74B | 23.5 | 23.7 | 0.5 | +1.1% |
| DraftKings | $23.24 | +5.77% | $10.90B | — | 29.6 | 1.8 | −4.6% |
| Median | 20.6 | 22.1 | 0.5 | +1.1% |