Boyd Gaming's stock experienced a significant pre-market plunge of 6.91% following the release of its first-quarter financial results, which fell short of analyst expectations.

The casino operator reported Q1 revenue of $997.36 million, missing the consensus estimate of $1 billion. Adjusted earnings per share came in at $1.60, below the average analyst forecast of $1.73. The company cited continued softness in its Las Vegas Locals segment and construction disruption at one of its properties as key factors for the weaker performance, which was only partially offset by growth in its Midwest & South segment.

Analyst reactions to the earnings report were mixed, with several firms adjusting their price targets. Stifel maintained its Hold rating but cut its price target to $91 from $95, while Mizuho reduced its target to $96 from $99. However, Deutsche Bank raised its target price to $97 from $93, indicating divergent views on the stock's prospects following the earnings report.