Boyd Gaming Co. (NYSE:BYD) Receives $82.29 Average PT from Brokerages

Shares of Boyd Gaming Co. (NYSE:BYDGet Rating) have received an average recommendation of “Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $82.29.

Several equities analysts recently weighed in on BYD shares. Susquehanna raised their price target on shares of Boyd Gaming from $74.00 to $79.00 in a research report on Wednesday, April 27th. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 29th. Susquehanna Bancshares raised shares of Boyd Gaming from a “neutral” rating to a “positive” rating and raised their price target for the company from $73.00 to $74.00 in a research report on Tuesday, April 26th. Finally, Morgan Stanley cut shares of Boyd Gaming from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $82.00 to $76.00 in a research report on Monday, April 25th.

Shares of BYD opened at $59.62 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a 50-day moving average of $65.01 and a 200-day moving average of $63.87. The company has a market cap of $6.56 billion, a PE ratio of 12.90, a P/E/G ratio of 0.23 and a beta of 1.90. Boyd Gaming has a one year low of $50.38 and a one year high of $72.72.

Boyd Gaming (NYSE:BYDGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.18. Boyd Gaming had a return on equity of 43.32% and a net margin of 15.09%. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts expect that Boyd Gaming will post 5.47 EPS for the current fiscal year.

The company also recently announced a Variable dividend, which was paid on Wednesday, April 27th. Shareholders of record on Thursday, March 31st were given a dividend of $0.144 per share. The ex-dividend date of this dividend was Wednesday, March 30th. Boyd Gaming’s dividend payout ratio is currently 6.28%.

In related news, Director Veronica J. Wilson sold 1,200 shares of Boyd Gaming stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $64.10, for a total value of $76,920.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 27.94% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in Boyd Gaming by 100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 452 shares of the company’s stock valued at $26,000 after buying an additional 226 shares in the last quarter. Whittier Trust Co. purchased a new position in Boyd Gaming in the 1st quarter valued at approximately $27,000. Prospera Financial Services Inc purchased a new position in Boyd Gaming in the 1st quarter valued at approximately $33,000. Byrne Asset Management LLC purchased a new position in Boyd Gaming in the 4th quarter valued at approximately $34,000. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in Boyd Gaming in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.27% of the company’s stock.

Boyd Gaming Company Profile (Get Rating)

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.

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Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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