Boyd Gaming (NYSE:BYD - Free Report) had its target price hoisted by Stifel Nicolaus from $71.00 to $76.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a hold rating on the stock.
Several other research analysts have also recently issued reports on BYD. Susquehanna increased their price target on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a report on Friday, April 25th. Morgan Stanley dropped their target price on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial dropped their target price on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Macquarie reaffirmed a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a report on Friday, April 25th. Finally, Barclays dropped their target price 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 has a consensus rating of "Moderate Buy" and an average target price of $80.08.
Read Our Latest Analysis on BYD
Boyd Gaming Stock Performance
NYSE BYD traded up $0.84 during trading hours on Thursday, hitting $74.11. 680,213 shares of the stock were exchanged, compared to its average volume of 932,216. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 4.46 and a beta of 1.26. Boyd Gaming has a 12-month low of $51.62 and a 12-month high of $80.50. The stock has a 50-day moving average of $69.72 and a 200 day moving average of $72.03. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85.
Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. As a group, equities research analysts forecast that Boyd Gaming will post 6.52 earnings per share for the current year.
Boyd Gaming Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 0.97%. Boyd Gaming's dividend payout ratio is presently 11.75%.
Institutional Trading of Boyd Gaming
Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its position in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company's stock valued at $36,000 after purchasing an additional 196 shares during the last quarter. CoreCap Advisors LLC boosted its position in Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after acquiring an additional 273 shares during the last quarter. GAMMA Investing LLC boosted its position in Boyd Gaming by 68.0% during the first quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $51,000 after acquiring an additional 313 shares during the last quarter. UMB Bank n.a. boosted its position in Boyd Gaming by 156.0% during the first quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock worth $66,000 after acquiring an additional 613 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Boyd Gaming during the fourth quarter worth approximately $67,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.
About Boyd Gaming
(
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.
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