Boyd Gaming Co. (NYSE:BYD) Receives $91.38 Consensus PT from Analysts

Boyd Gaming Co. (NYSE:BYD) has received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $91.38.

A number of equities research analysts recently issued reports on BYD shares. Bank of America lifted their price target on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Mizuho reaffirmed an “outperform” rating and issued a $79.00 price target (up from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th.

Insider Activity

In other news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction dated Monday, August 26th. The stock was 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 in the company, valued at approximately $66,154.56. This represents a 53.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Josh Hirsberg sold 21,549 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the sale, the chief financial officer now owns 438,615 shares of the company’s stock, valued at approximately $31,330,269.45. The trade was a 4.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 161,076 shares of company stock valued at $10,702,931. 27.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Ariel Investments LLC lifted its position in Boyd Gaming by 12.5% in the second 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 last quarter. Boston Partners lifted its holdings in shares of Boyd Gaming by 10.0% in the 1st quarter. Boston Partners now owns 3,031,091 shares of the company’s stock valued at $203,276,000 after purchasing an additional 274,876 shares during the last quarter. Bamco Inc. NY boosted its position in shares of 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 purchasing an additional 73,491 shares during the period. American Century Companies Inc. grew its stake in Boyd Gaming by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock worth $63,349,000 after buying an additional 189,226 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Boyd Gaming by 0.3% during the first 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 during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Stock Down 0.7 %

Boyd Gaming stock opened at $73.02 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The business’s 50-day moving average price is $65.74 and its 200 day moving average price is $59.26. Boyd Gaming has a 52 week low of $49.34 and a 52 week high of $74.78. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 9.64 and a beta of 1.55.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 0.93%. Boyd Gaming’s dividend payout ratio is presently 12.98%.

About Boyd Gaming

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.