Boyd Gaming Corporation (NYSE:BYD) Given Consensus Recommendation of “Hold” by Brokerages

Boyd Gaming Corporation (NYSE:BYD) has earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $91.00.

Several equities research analysts have issued reports on the stock. UBS Group set a $110.00 price target on shares of Boyd Gaming in a research note on Wednesday, December 24th. Jefferies Financial Group restated a “buy” rating on shares of Boyd Gaming in a report on Wednesday, December 24th. Mizuho upped their target price on Boyd Gaming from $89.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Boyd Gaming in a research report on Monday, December 29th. Finally, Citigroup started coverage on Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 price target on the stock.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total value of $1,607,200.00. Following the completion of the sale, the director owned 1,960,447 shares in the company, 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 legal filing with the SEC, which is available through this link. Company insiders own 27.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Boyd Gaming by 219.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock worth $29,000 after purchasing an additional 255 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Boyd Gaming in the second quarter valued at approximately $39,000. True Wealth Design LLC lifted its position in shares of Boyd Gaming by 162.1% in the third quarter. True Wealth Design LLC now owns 532 shares of the company’s stock valued at $46,000 after buying an additional 329 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Boyd Gaming by 56.8% during the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 196 shares during the period. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Boyd Gaming during the 3rd quarter worth approximately $48,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Boyd Gaming Stock Down 0.4%

Shares of Boyd Gaming stock opened at $87.96 on Friday. The stock has a market capitalization of $6.87 billion, a P/E ratio of 3.84, a PEG ratio of 1.59 and a beta of 1.22. The stock has a 50 day moving average price of $83.15 and a two-hundred day moving average price of $83.27. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.71. Boyd Gaming has a 12-month low of $58.94 and a 12-month high of $89.50.

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

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, December 15th. Boyd Gaming’s payout ratio is presently 3.15%.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.