Boyd Gaming Co. (NYSE:BYD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $89.77.
Several equities research analysts have issued reports on BYD shares. Wells Fargo & Company boosted their price objective on shares of Boyd Gaming from $71.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday. Morgan Stanley raised Boyd Gaming from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $66.00 to $74.00 in a research report on Wednesday, September 4th. Bank of America upped their target price on Boyd Gaming from $68.00 to $72.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. Stifel Nicolaus boosted their price target on Boyd Gaming from $65.00 to $67.00 and gave the stock a "hold" rating in a research report on Friday, July 26th. Finally, Barclays upped their price objective on shares of Boyd Gaming from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday.
View Our Latest Report on BYD
NYSE:BYD opened at $66.08 on Friday. Boyd Gaming has a fifty-two week low of $49.34 and a fifty-two week high of $68.46. The company has a market cap of $6.27 billion, a P/E ratio of 11.86 and a beta of 1.57. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 1.70. The firm's 50 day moving average is $61.41 and its two-hundred day moving average is $58.52.
Boyd Gaming (NYSE:BYD - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. The business had revenue of $967.50 million for the quarter, compared to analyst estimates of $909.49 million. Boyd Gaming had a return on equity of 34.29% and a net margin of 13.32%. The company's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. Analysts expect that Boyd Gaming will post 6.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, September 13th. Boyd Gaming's dividend payout ratio is presently 12.21%.
In other news, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.36, for a total value of $74,967.12. Following the completion of the transaction, the director now directly owns 1,096 shares of the company's stock, valued at approximately $66,154.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Marianne Boyd Johnson sold 73,130 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now directly owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine J. Spadafor sold 1,242 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.36, for a total value of $74,967.12. Following the transaction, the director now owns 1,096 shares of the company's stock, valued at $66,154.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.94% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Ariel Investments LLC increased its position in Boyd Gaming by 12.5% in the 2nd quarter. Ariel Investments LLC now owns 3,031,691 shares of the company's stock valued at $167,046,000 after acquiring an additional 335,984 shares during the period. Boston Partners lifted its holdings in Boyd Gaming by 10.0% in the first quarter. Boston Partners now owns 3,031,091 shares of the company's stock worth $203,276,000 after purchasing an additional 274,876 shares during the period. Bamco Inc. NY grew its position in Boyd Gaming by 4.0% in the 1st quarter. Bamco Inc. NY now owns 1,899,344 shares of the company's stock valued at $127,864,000 after buying an additional 73,491 shares in the last quarter. American Century Companies Inc. grew its position in Boyd Gaming by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company's stock valued at $63,349,000 after buying an additional 189,226 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Boyd Gaming by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company's stock worth $67,485,000 after buying an additional 3,087 shares in the last quarter. Institutional investors own 76.81% of the company's stock.
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.
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