Boyd Gaming Co. (NYSE:BYD – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $95.20.
A number of research analysts have commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Boyd Gaming in a research report on Friday, February 7th. Argus upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Tuesday, December 17th. Barclays raised their target price on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and raised their target price for the stock from $73.00 to $92.00 in a report on Friday, January 3rd. Finally, Stifel Nicolaus raised their target price on shares of Boyd Gaming from $74.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, February 7th.
Read Our Latest Report on Boyd Gaming
Insider Buying and Selling at Boyd Gaming
Hedge Funds Weigh In On Boyd Gaming
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock valued at $42,000 after acquiring an additional 273 shares in the last quarter. Quarry LP increased its holdings in shares of Boyd Gaming by 150.1% during the third quarter. Quarry LP now owns 873 shares of the company’s stock valued at $56,000 after acquiring an additional 524 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Boyd Gaming during the third quarter valued at $64,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.
Boyd Gaming Stock Up 3.8 %
BYD stock opened at $68.48 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The company’s 50 day moving average is $74.64 and its 200 day moving average is $70.48. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 4.46 and a beta of 1.55. Boyd Gaming has a 1-year low of $49.34 and a 1-year high of $80.50.
Boyd Gaming (NYSE:BYD – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. Sell-side analysts predict that Boyd Gaming will post 6.52 EPS for the current fiscal year.
Boyd Gaming Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $0.18 dividend. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.72 dividend on an annualized basis and a yield of 1.05%. Boyd Gaming’s dividend payout ratio (DPR) is presently 11.58%.
Boyd Gaming announced that its Board of Directors has approved a share repurchase program on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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.
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