This post was originally published on BYD STOCK
https://www.marketbeat.com/logos/boyd-gaming-co-logo.png?v=20221114150923Stock analysts at StockNews.com assumed coverage on shares of Boyd Gaming (NYSE:BYD – Get Free Report) in a research note issued on Thursday. The firm set a “buy” rating on the stock.
A number of other equities research analysts have also issued reports on BYD. Morgan Stanley raised shares of Boyd Gaming from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $69.00 to $75.00 in a report on Thursday, July 13th. Wells Fargo & Company upped their target price on shares of Boyd Gaming from $82.00 to $83.00 in a report on Thursday, July 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boyd Gaming from $76.00 to $78.00 in a report on Wednesday, April 26th. Susquehanna boosted their price target on shares of Boyd Gaming from $80.00 to $84.00 in a research report on Wednesday, April 26th. Finally, Barclays boosted their price target on shares of Boyd Gaming from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, April 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.
Get Our Latest Analysis on Boyd Gaming
Boyd Gaming Price Performance
Shares of NYSE BYD opened at $65.98 on Thursday. The firm has a market cap of $6.60 billion, a PE ratio of 9.55, a PEG ratio of 1.52 and a beta of 1.76. The firm has a fifty day moving average of $68.84 and a 200 day moving average of $66.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.80 and a current ratio of 0.84. Boyd Gaming has a one year low of $46.10 and a one year high of $73.00.
Boyd Gaming (NYSE:BYD – Get Free Report) last released its earnings results on Thursday, July 27th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. Boyd Gaming had a net margin of 19.61% and a return on equity of 41.56%. The business had revenue of $916.95 million during the quarter, compared to analyst estimates of $910.59 million. During the same quarter in the prior year, the firm earned $1.48 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Boyd Gaming will post 6.32 EPS for the current fiscal year.
Insider Buying and Selling at Boyd Gaming
In other Boyd Gaming news, EVP Stephen S. Thompson sold 16,825 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $68.15, for a total value of $1,146,623.75. Following the transaction, the executive vice president now owns 22,113 shares of the company’s stock, valued at $1,507,000.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Boyd Gaming news, Director Christine J. Spadafor sold 735 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $68.02, for a total transaction of $49,994.70. Following the sale, the director now directly owns 4,212 shares in the company, valued at $286,500.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen S. Thompson sold 16,825 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $68.15, for a total transaction of $1,146,623.75. Following the sale, the executive vice president now owns 22,113 shares in the company, valued at $1,507,000.95. The disclosure for this sale can be found here. Insiders have sold 117,560 shares of company stock valued at $7,938,618 over the last 90 days. 29.21% of the stock is owned by insiders.
Institutional Trading of Boyd Gaming
A number of institutional investors and hedge funds have recently bought and sold shares of BYD. Boston Partners purchased a new stake in Boyd Gaming during the first quarter worth about $82,706,000. Ariel Investments LLC increased its stake in Boyd Gaming by 63.4% during the first quarter. Ariel Investments LLC now owns 2,629,438 shares of the company’s stock worth $172,965,000 after purchasing an additional 1,020,515 shares during the period. Millennium Management LLC increased its stake in Boyd Gaming by 98.1% during the fourth quarter. Millennium Management LLC now owns 1,711,767 shares of the company’s stock worth $93,343,000 after purchasing an additional 847,797 shares during the period. Frontier Capital Management Co. LLC increased its stake in Boyd Gaming by 451.4% during the first quarter. Frontier Capital Management Co. LLC now owns 967,780 shares of the company’s stock worth $62,054,000 after purchasing an additional 792,277 shares during the period. Finally, Norges Bank purchased a new stake in Boyd Gaming during the fourth quarter worth about $41,625,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
About Boyd Gaming
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
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