Shares of Boyd Gaming Corporation (NYSE:BYD – Get Free Report) have received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $92.21.
A number of equities research analysts have recently weighed in on BYD shares. Weiss Ratings upgraded Boyd Gaming from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft upgraded Boyd Gaming from a “hold” rating to a “buy” rating and raised their target price for the company from $98.00 to $99.00 in a research report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price target on shares of Boyd Gaming from $90.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Citigroup reissued a “market perform” rating on shares of Boyd Gaming in a research note on Tuesday, October 13th. Finally, Wolfe Research initiated coverage on Boyd Gaming in a research note on Wednesday, September 2nd. They set a “peer perform” rating for the company.
Get Our Latest Analysis on Boyd Gaming
Boyd Gaming Trading Up 1.4%
BYD opened at $70.99 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.05. Boyd Gaming has a 52-week low of $65.00 and a 52-week high of $91.41. The firm’s 50 day moving average is $75.13 and its 200-day moving average is $81.93. The firm has a market capitalization of $5.16 billion, a P/E ratio of 3.12, a P/E/G ratio of 1.24 and a beta of 1.12.
Boyd Gaming (NYSE:BYD – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a return on equity of 22.52% and a net margin of 44.34%. Boyd Gaming’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 EPS. Analysts expect that Boyd Gaming will post 7.16 EPS for the current fiscal year.
Boyd Gaming Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 15th. Boyd Gaming’s dividend payout ratio (DPR) is 3.52%.
Insider Buying and Selling at Boyd Gaming
In related news, CFO Josh Hirsberg sold 12,777 shares of Boyd Gaming stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.76, for a total transaction of $1,146,863.52. Following the completion of the sale, the chief financial officer owned 422,969 shares of the company’s stock, valued at approximately $37,965,697.44. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.82% of the stock is owned by insiders.
Institutional Investors Weigh In On Boyd Gaming
Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Boyd Gaming during the 2nd quarter valued at approximately $70,043,000. WINTON GROUP Ltd bought a new stake in shares of Boyd Gaming during the 2nd quarter valued at $4,633,000. III Capital Management purchased a new stake in shares of Boyd Gaming in the fourth quarter worth about $4,177,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Boyd Gaming in the 2nd quarter worth approximately $1,276,000. Finally, BlackRock Inc. purchased a new stake in shares of Boyd Gaming in the second quarter worth $486,737,000. 76.81% of the stock is currently owned by institutional investors.
Boyd Gaming Company Profile
Boyd Gaming Corporation is a gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates casinos, hotels, restaurants, entertainment venues and related amenities under brands including Sam’s Town, The Orleans, Gold Coast, Suncoast and Fremont.
Boyd Gaming serves customers across several U.S. states, with a significant presence in Nevada as well as properties in the Midwest and South. Its portfolio includes destination resorts, regional casinos and racetracks offering slot machines, table games, poker, sports betting and other gaming experiences.
The company also operates online gaming and sports-wagering businesses in selected markets, including through partnerships and digital platforms.
Featured Stories
- Five stocks we like better than Boyd Gaming
- D-Wave Stock Has 2 New Reasons for Investors to Pay Attention
- Amprius Technologies’ Next Big Rally Could Be Taking Shape
- 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at All
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.
