Boyd Gaming Co. (NYSE:BYD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Boyd Gaming Co. (NYSE:BYDGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $76.20.

Several analysts have commented on BYD shares. Morgan Stanley boosted their target price on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. StockNews.com raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Susquehanna reaffirmed a “neutral” rating and set a $75.00 price objective (down previously from $84.00) on shares of Boyd Gaming in a research report on Monday, February 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $69.00 price target on shares of Boyd Gaming in a research note on Friday, January 5th.

View Our Latest Analysis on BYD

Boyd Gaming Trading Up 1.4 %

Boyd Gaming stock opened at $67.32 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Boyd Gaming has a 52 week low of $52.42 and a 52 week high of $73.00. The stock has a 50-day moving average price of $64.07 and a 200 day moving average price of $61.58. The stock has a market cap of $6.44 billion, a PE ratio of 11.04, a P/E/G ratio of 3.12 and a beta of 1.60.

Boyd Gaming (NYSE:BYDGet Free Report) last announced its earnings results on Thursday, February 8th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. Boyd Gaming had a return on equity of 36.97% and a net margin of 16.58%. The business had revenue of $954.41 million during the quarter, compared to analysts’ expectations of $928.04 million. During the same quarter last year, the business posted $1.72 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts predict that Boyd Gaming will post 6.19 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.16. Boyd Gaming’s dividend payout ratio (DPR) is 11.15%.

Insider Buying and Selling at Boyd Gaming

In other news, Director A. Randall Thoman sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total value of $159,375.00. Following the sale, the director now owns 4,017 shares in the company, valued at approximately $256,083.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director A. Randall Thoman sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.75, for a total value of $159,375.00. Following the transaction, the director now directly owns 4,017 shares of the company’s stock, valued at approximately $256,083.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William R. Boyd sold 50,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $64.04, for a total transaction of $3,202,000.00. Following the sale, the vice president now directly owns 1,617,970 shares in the company, valued at $103,614,798.80. The disclosure for this sale can be found here. Insiders have sold 582,910 shares of company stock worth $37,299,461 over the last three months. Company insiders own 27.94% of the company’s stock.

Institutional Investors Weigh In On Boyd Gaming

A number of hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in Boyd Gaming by 105.5% during the third quarter. Parkside Financial Bank & Trust now owns 411 shares of the company’s stock worth $25,000 after acquiring an additional 211 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Boyd Gaming in the 4th quarter valued at about $30,000. Belpointe Asset Management LLC raised its stake in Boyd Gaming by 237.6% in the first quarter. Belpointe Asset Management LLC now owns 655 shares of the company’s stock valued at $42,000 after buying an additional 461 shares during the period. Principal Securities Inc. bought a new position in shares of Boyd Gaming during the 4th quarter worth approximately $50,000. Finally, Quarry LP boosted its stake in shares of Boyd Gaming by 130.3% during the 1st quarter. Quarry LP now owns 822 shares of the company’s stock worth $53,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Company Profile

(Get Free Report

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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Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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