Boyd Gaming (NYSE:BYD) Price Target Raised to $76.00 at Stifel Nicolaus

Boyd Gaming (NYSE:BYD - Free Report) had its price objective lifted by Stifel Nicolaus from $71.00 to $76.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also commented on BYD. Mizuho lowered their price target on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Susquehanna upped their price target on shares of Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a report on Friday, April 25th. Macquarie reiterated a "neutral" rating and set a $74.00 price target on shares of Boyd Gaming in a report on Friday, April 25th. Wells Fargo & Company upped their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Barclays lowered their price target on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $80.08.

Boyd Gaming Price Performance

Boyd Gaming stock traded down $0.49 during mid-day trading on Thursday, hitting $73.21. 932,990 shares of the company traded hands, compared to its average volume of 932,336. Boyd Gaming has a one year low of $51.62 and a one year high of $80.50. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 11.77, 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. The stock has a fifty day moving average price of $69.55 and a 200-day moving average price of $72.01.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 EPS. On average, equities analysts predict that Boyd Gaming will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued 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 0.98%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BYD. Advisors Asset Management Inc. raised its holdings in Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company's stock worth $36,000 after purchasing an additional 196 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Boyd Gaming by 91.0% in the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after buying an additional 273 shares during the period. GAMMA Investing LLC grew its position in shares of Boyd Gaming by 68.0% in the 1st quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $51,000 after buying an additional 313 shares during the period. UMB Bank n.a. grew its position in shares of Boyd Gaming by 156.0% in the 1st quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock worth $66,000 after buying an additional 613 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Boyd Gaming in the 4th quarter worth about $67,000. 76.81% of the stock is currently owned by institutional investors.

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.