Boyd Gaming (NYSE:BYD - Get Free Report) had its price objective increased by analysts at Morgan Stanley from $76.00 to $80.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price points to a potential upside of 0.43% from the stock's previous close.
BYD has been the topic of several other reports. Stifel Nicolaus upped their price objective on shares of Boyd Gaming from $76.00 to $87.00 and gave the stock a "hold" rating in a research report on Friday. Truist Financial decreased their price objective on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Susquehanna cut shares of Boyd Gaming from a "positive" rating to a "neutral" rating and upped their price objective for the stock from $76.00 to $86.00 in a research report on Friday. JPMorgan Chase & Co. started coverage on shares of Boyd Gaming in a research report on Monday, June 23rd. They issued a "neutral" rating and a $79.00 price objective on the stock. Finally, Raymond James Financial lifted their price target on shares of Boyd Gaming from $81.00 to $85.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Boyd Gaming currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.62.
Read Our Latest Stock Report on BYD
Boyd Gaming Price Performance
Shares of BYD traded down $5.71 during midday trading on Friday, hitting $79.66. 1,880,394 shares of the company traded hands, compared to its average volume of 930,489. The stock has a 50-day moving average of $75.81 and a 200-day moving average of $72.81. Boyd Gaming has a one year low of $52.76 and a one year high of $87.76. The firm has a market cap of $6.48 billion, a P/E ratio of 12.99, a PEG ratio of 3.03 and a beta of 1.26. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.80 and a quick ratio of 0.76.
Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The firm had revenue of $991.57 million for the quarter, compared to analysts' expectations of $976.38 million. During the same period in the prior year, the business posted $1.51 earnings per share. The company's revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts predict that Boyd Gaming will post 6.52 EPS for the current fiscal year.
Institutional Trading of Boyd Gaming
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cohen & Steers Inc. lifted its stake in Boyd Gaming by 0.4% in the fourth 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 lifted its position in Boyd Gaming by 36.9% during the 4th quarter. Boston Partners now owns 3,955,544 shares of the company's stock valued at $287,185,000 after acquiring an additional 1,065,887 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Boyd Gaming by 51.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock valued at $94,074,000 after purchasing an additional 441,963 shares in the last quarter. Victory Capital Management Inc. increased its stake in Boyd Gaming by 13.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,048,706 shares of the company's stock valued at $69,036,000 after purchasing an additional 122,822 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Boyd Gaming by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 983,823 shares of the company's stock valued at $64,765,000 after purchasing an additional 8,850 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company's stock.
Boyd Gaming Company Profile
(
Get Free Report)
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.
Further Reading
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