Boyd Gaming Corporation (NYSE:BYD) Given Consensus Rating of “Hold” by Analysts

Boyd Gaming Corporation (NYSE:BYD) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $89.50.

BYD has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Boyd Gaming from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Mizuho upped their price objective on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Macquarie reaffirmed a “neutral” rating and set a $90.00 target price on shares of Boyd Gaming in a research report on Friday, October 24th. Wells Fargo & Company assumed coverage on Boyd Gaming in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $85.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Boyd Gaming in a report on Monday.

Boyd Gaming Price Performance

BYD stock opened at $85.01 on Wednesday. The company has a market capitalization of $6.64 billion, a PE ratio of 3.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. Boyd Gaming has a one year low of $58.94 and a one year high of $88.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 0.51. The company’s fifty day moving average price is $81.37 and its 200-day moving average price is $81.90.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. Boyd Gaming had a return on equity of 34.63% and a net margin of 46.02%.The firm had revenue of $707.32 million during the quarter. On average, equities analysts anticipate that Boyd Gaming will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Boyd Gaming’s payout ratio is currently 3.15%.

Insider Activity

In related news, Director William R. Boyd sold 20,000 shares of Boyd Gaming stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the transaction, the director directly owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 21.97% of the company’s stock.

Institutional Trading of Boyd Gaming

Hedge funds have recently bought and sold shares of the stock. Ruffer LLP purchased a new stake in shares of Boyd Gaming during the second quarter valued at about $6,471,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Boyd Gaming during the second quarter valued at $402,000. EP Wealth Advisors LLC acquired a new position in shares of Boyd Gaming in the first quarter valued at about $206,000. Strs Ohio acquired a new position in Boyd Gaming in the 1st quarter worth approximately $1,939,000. Finally, Redwood Investment Management LLC increased its stake in shares of Boyd Gaming by 7.0% in the first quarter. Redwood Investment Management LLC now owns 75,792 shares of the company’s stock worth $4,989,000 after acquiring an additional 4,977 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Company Profile

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.