Analysts Set Boyd Gaming Co. (NYSE:BYD) Target Price at $95.07

Boyd Gaming Co. (NYSE:BYD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $95.07.

BYD has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Macquarie reissued a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Barclays decreased their price objective on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set a "hold" rating on the stock in a report on Friday, April 25th.

Insider Activity at Boyd Gaming

In other news, Director William R. Boyd sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the completion of the sale, the director now owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction on 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 transaction, the chairman now directly owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,125 shares of company stock valued at $5,158,490. Corporate insiders own 21.97% of the company's stock.

Hedge Funds Weigh In On Boyd Gaming

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in shares of Boyd Gaming by 23.9% in the 3rd quarter. Barclays PLC now owns 167,542 shares of the company's stock worth $10,831,000 after buying an additional 32,332 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Boyd Gaming in the third quarter worth $64,000. GAMMA Investing LLC boosted its holdings in Boyd Gaming by 47.4% in 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. Miracle Mile Advisors LLC purchased a new position in Boyd Gaming during the 4th quarter valued at $306,000. Finally, Burney Co. raised its holdings in Boyd Gaming by 7.7% in the 4th quarter. Burney Co. now owns 29,598 shares of the company's stock worth $2,147,000 after purchasing an additional 2,125 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

Boyd Gaming Stock Up 0.7 %

BYD traded up $0.47 during mid-day trading on Tuesday, reaching $72.04. 820,361 shares of the stock were exchanged, compared to its average volume of 949,427. The company has a 50 day moving average price of $67.18 and a two-hundred day moving average price of $71.45. The stock has a market capitalization of $5.94 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. 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 1 year low of $49.34 and a 1 year high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The firm had revenue of $991.57 million for 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 company's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. As a group, research analysts anticipate that Boyd Gaming will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.00%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

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.