Boyd Gaming Co. (NYSE:BYD) Receives $36.75 Consensus PT from Brokerages

Shares of Boyd Gaming Co. (NYSE:BYD) have earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.75.

Several brokerages have recently weighed in on BYD. TheStreet lowered shares of AMERCO from a “b” rating to a “c+” rating in a report on Monday, March 25th. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Morgan Stanley set a $10.00 price objective on shares of Ford Motor and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Wolfe Research began coverage on shares of Red Rock Resorts in a report on Friday, June 14th. They set a “peer perform” rating on the stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in Boyd Gaming by 3.1% in the 4th quarter. LPL Financial LLC now owns 13,926 shares of the company’s stock valued at $289,000 after buying an additional 422 shares during the last quarter. BlackRock Inc. grew its position in shares of Boyd Gaming by 3.6% during the 4th quarter. BlackRock Inc. now owns 10,077,493 shares of the company’s stock valued at $209,410,000 after acquiring an additional 353,720 shares during the period. Bank of New York Mellon Corp grew its position in shares of Boyd Gaming by 25.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,261,785 shares of the company’s stock valued at $26,219,000 after acquiring an additional 252,056 shares during the period. Texas Permanent School Fund grew its position in shares of Boyd Gaming by 3.9% during the 4th quarter. Texas Permanent School Fund now owns 52,867 shares of the company’s stock valued at $1,099,000 after acquiring an additional 2,004 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Boyd Gaming by 28.8% during the 4th quarter. Van ECK Associates Corp now owns 12,423 shares of the company’s stock valued at $258,000 after acquiring an additional 2,781 shares during the period. Institutional investors own 66.26% of the company’s stock.

BYD traded down $0.61 during trading on Friday, reaching $26.61. 19,766 shares of the stock traded hands, compared to its average volume of 933,143. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of $3.00 billion, a PE ratio of 19.95, a PEG ratio of 0.76 and a beta of 2.13. The company has a 50-day simple moving average of $26.30. Boyd Gaming has a 12 month low of $18.98 and a 12 month high of $39.35.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Boyd Gaming had a net margin of 4.18% and a return on equity of 13.57%. The firm had revenue of $827.30 million for the quarter, compared to analyst estimates of $826.52 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 36.5% compared to the same quarter last year. Equities research analysts anticipate that Boyd Gaming will post 1.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, June 17th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.05%. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.06. Boyd Gaming’s dividend payout ratio is currently 21.05%.

About Boyd Gaming

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 March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Featured Story: How Do You Calculate Return on Investment (ROI)?

Analyst Recommendations for Boyd Gaming (NYSE:BYD)

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.