Boyd Gaming - BYD Stock Forecast, Price & News

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

Boyd Gaming Price Performance

Shares of NYSE:BYD traded up $0.04 during mid-day trading on Monday, reaching $57.77. The company's stock had a trading volume of 610,121 shares, compared to its average volume of 1,148,353. The stock has a 50-day moving average of $53.42 and a two-hundred day moving average of $59.76. The stock has a market capitalization of $6.33 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.06 and a beta of 1.87. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.74 and a current ratio of 0.78. Boyd Gaming has a 1-year low of $47.66 and a 1-year high of $72.72.

Boyd Gaming (NYSE:BYD - Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.10. Boyd Gaming had a net margin of 16.03% and a return on equity of 40.76%. During the same period in the previous year, the business earned $1.54 earnings per share. On average, equities research analysts anticipate that Boyd Gaming will post 5.5 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, June 29th. Boyd Gaming's dividend payout ratio (DPR) is 12.12%.

Analyst Ratings Changes

Several research analysts recently commented on BYD shares. Berenberg Bank started coverage on shares of Boyd Gaming in a research note on Thursday, May 12th. They set a "buy" rating and a $78.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Boyd Gaming to $77.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boyd Gaming from $77.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. Stifel Nicolaus lowered their price target on shares of Boyd Gaming from $84.00 to $73.00 in a report on Wednesday, July 27th. Finally, StockNews.com upgraded shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, July 26th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $75.36.

Insider Activity

In related news, VP William R. Boyd sold 20,000 shares of the company's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $53.74, for a total value of $1,074,800.00. Following the completion of the sale, the vice president now owns 2,056,522 shares of the company's stock, valued at $110,517,492.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP William R. Boyd sold 20,000 shares of the company's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $53.74, for a total value of $1,074,800.00. Following the completion of the sale, the vice president now owns 2,056,522 shares of the company's stock, valued at $110,517,492.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keith Smith sold 101,675 shares of the company's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $59.85, for a total transaction of $6,085,248.75. Following the completion of the sale, the chief executive officer now directly owns 1,261,362 shares of the company's stock, valued at approximately $75,492,515.70. The disclosure for this sale can be found here. Insiders sold 256,365 shares of company stock worth $14,862,264 over the last three months. Insiders own 28.41% of the company's stock.