Boyd Gaming (NYSE:BYD) PT Raised to $80.00

Boyd Gaming (NYSE:BYDFree Report) had its target price lifted by Truist Financial from $76.00 to $80.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on BYD. JPMorgan Chase & Co. boosted their price target on shares of Boyd Gaming from $78.00 to $80.00 and gave the stock an overweight rating in a report on Friday. Susquehanna dropped their price objective on Boyd Gaming from $87.00 to $84.00 and set a positive rating for the company in a research note on Tuesday, October 24th. Stifel Nicolaus reiterated a hold rating and issued a $69.00 price target on shares of Boyd Gaming in a report on Friday, January 5th. Barclays raised their target price on Boyd Gaming from $66.00 to $67.00 and gave the company an equal weight rating in a research note on Friday, January 26th. Finally, Morgan Stanley dropped their price target on Boyd Gaming from $72.00 to $67.00 and set an equal weight rating on the stock in a research report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $75.33.

View Our Latest Analysis on BYD

Boyd Gaming Stock Down 0.3 %

Shares of NYSE BYD opened at $66.57 on Friday. The company’s 50 day moving average price is $62.76 and its 200-day moving average price is $62.12. The company has a market capitalization of $6.51 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 2.89 and a beta of 1.61. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.77 and a current ratio of 0.80. Boyd Gaming has a 52-week low of $52.42 and a 52-week high of $73.00.

Boyd Gaming (NYSE:BYDGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The business had revenue of $954.41 million during the quarter, compared to analyst estimates of $928.04 million. Boyd Gaming had a net margin of 16.58% and a return on equity of 37.07%. Boyd Gaming’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.72 EPS. Equities analysts forecast that Boyd Gaming will post 6.12 earnings per share for the current year.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 22nd were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.64 dividend on an annualized basis and a yield of 0.96%. Boyd Gaming’s dividend payout ratio is currently 10.49%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Boyd Gaming by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 9,030,684 shares of the company’s stock worth $594,039,000 after buying an additional 359,698 shares during the period. BlackRock Inc. raised its position in Boyd Gaming by 3.7% in the 2nd quarter. BlackRock Inc. now owns 8,049,436 shares of the company’s stock valued at $558,389,000 after purchasing an additional 289,372 shares in the last quarter. Boston Partners raised its position in shares of Boyd Gaming by 29.5% during the 4th quarter. Boston Partners now owns 2,756,215 shares of the company’s stock worth $172,638,000 after acquiring an additional 628,512 shares in the last quarter. Ariel Investments LLC grew its stake in Boyd Gaming by 63.4% during the 1st quarter. Ariel Investments LLC now owns 2,629,438 shares of the company’s stock worth $172,965,000 after buying an additional 1,020,515 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Boyd Gaming by 45.2% during the 1st quarter. Invesco Ltd. now owns 2,382,418 shares of the company’s stock worth $156,715,000 after buying an additional 741,156 shares during the last quarter. 67.98% of the stock is owned by institutional investors and hedge funds.

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. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.

Further Reading

Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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