Boyd Gaming Co. (NYSE:BYD) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Boyd Gaming Co. (NYSE:BYD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $95.07.

A number of research analysts recently commented on BYD shares. Morgan Stanley lowered their price objective on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho lowered their price objective on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Macquarie restated a "neutral" rating and set a $74.00 price objective on shares of Boyd Gaming in a research note on Friday, April 25th. Susquehanna upped their price objective on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research note on Friday, April 25th. Finally, StockNews.com cut Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the completion of the sale, the chairman now directly owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the sale, the director now owns 4,852 shares of the company's stock, valued at $365,258.56. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock worth $5,158,490 in the last quarter. 21.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boyd Gaming

A number of institutional investors have recently bought and sold shares of the business. Cohen & Steers Inc. boosted its position in Boyd Gaming by 0.4% during the 4th quarter. Cohen & Steers Inc. now owns 5,265,454 shares of the company's stock worth $381,929,000 after acquiring an additional 21,616 shares during the period. Boston Partners raised its stake in shares of Boyd Gaming by 36.9% during the 4th quarter. Boston Partners now owns 3,955,544 shares of the company's stock worth $287,185,000 after purchasing an additional 1,065,887 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Boyd Gaming by 51.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock worth $94,074,000 after purchasing an additional 441,963 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Boyd Gaming by 13.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,048,706 shares of the company's stock worth $69,036,000 after purchasing an additional 122,822 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boyd Gaming by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 983,823 shares of the company's stock worth $64,765,000 after purchasing an additional 8,850 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Boyd Gaming Stock Performance

Shares of NYSE BYD traded up $0.47 during trading on Tuesday, reaching $72.04. The stock had a trading volume of 820,361 shares, compared to its average volume of 948,906. The stock has a market cap of $5.94 billion, a PE ratio of 11.58, a P/E/G ratio of 4.46 and a beta of 1.32. The firm's 50 day moving average price is $67.17 and its two-hundred day moving average price is $71.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming has a one year low of $49.34 and a one year high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The firm had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm's revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 EPS. On average, research analysts forecast that Boyd Gaming will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.00%. Boyd Gaming's dividend payout ratio (DPR) is 11.75%.

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.