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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BYD shares. Stifel Nicolaus dropped their price target on shares of Boyd Gaming from $84.00 to $73.00 in a research report on Wednesday, July 27th. Truist Financial dropped their price objective on shares of Boyd Gaming from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. Berenberg Bank initiated coverage on shares of Boyd Gaming in a report on Thursday, May 12th. They issued a "buy" rating and a $78.00 price objective for the company. Loop Capital initiated coverage on shares of Boyd Gaming in a report on Monday, July 11th. They issued a "buy" rating and a $86.00 price objective for the company. Finally, Susquehanna lifted their price objective on shares of Boyd Gaming from $74.00 to $79.00 in a report on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $75.36.

Boyd Gaming Stock Down 0.4 %

NYSE:BYD traded down $0.20 on Tuesday, hitting $55.03. 1,357,749 shares of the stock were exchanged, compared to its average volume of 1,158,891. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 1.87. Boyd Gaming has a fifty-two week low of $47.66 and a fifty-two week high of $72.72. The company has a market cap of $6.03 billion, a PE ratio of 11.12, a PEG ratio of 0.99 and a beta of 1.87. The company has a 50-day moving average price of $53.68 and a 200-day moving average price of $59.84.

Boyd Gaming (NYSE:BYD - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.48 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $1.54 earnings per share. Sell-side analysts anticipate that Boyd Gaming will post 5.5 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.09%. Boyd Gaming's dividend payout ratio is presently 12.12%.

Insider Transactions at Boyd Gaming

In other news, VP William R. Boyd sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $53.74, for a total transaction of $1,074,800.00. Following the completion of the sale, the vice president now owns 2,056,522 shares in the company, valued at approximately $110,517,492.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Marianne Boyd Johnson sold 64,690 shares of the company's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $54.95, for a total value of $3,554,715.50. Following the completion of the sale, the insider now owns 77,623 shares in the company, valued at approximately $4,265,383.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP William R. Boyd sold 20,000 shares of the company's stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $53.74, for a total transaction 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 approximately $110,517,492.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,365 shares of company stock worth $14,862,264. 28.41% of the stock is currently owned by insiders.