Boyd Gaming Co. (NYSE:BYD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Boyd Gaming Co. (NYSE:BYD) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $91.38.

BYD has been the subject of several research reports. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Bank of America lifted their price objective on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Stifel Nicolaus raised their price target on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective on Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price target on Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th.

Boyd Gaming Trading Up 0.6 %

NYSE:BYD opened at $74.12 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 9.61 and a beta of 1.55. Boyd Gaming has a one year low of $49.34 and a one year high of $74.78. The business has a fifty day moving average price of $64.95 and a 200-day moving average price of $58.91.

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, September 13th. Boyd Gaming’s payout ratio is currently 12.98%.

Insider Buying and Selling at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the completion of the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total value of $4,404,619.90. Following the completion of the transaction, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at $85,737,284.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,076 shares of company stock worth $7,763,331 over the last quarter. 27.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boyd Gaming

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ariel Investments LLC increased its stake in shares of Boyd Gaming by 12.5% in the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock worth $167,046,000 after acquiring an additional 335,984 shares during the last quarter. Boston Partners lifted its stake in shares of Boyd Gaming by 10.0% in the first quarter. Boston Partners now owns 3,031,091 shares of the company’s stock valued at $203,276,000 after buying an additional 274,876 shares during the period. Bamco Inc. NY lifted its stake in shares of Boyd Gaming by 4.0% in the first quarter. Bamco Inc. NY now owns 1,899,344 shares of the company’s stock valued at $127,864,000 after buying an additional 73,491 shares during the period. American Century Companies Inc. lifted its stake in shares of Boyd Gaming by 19.7% in the second quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock valued at $63,349,000 after buying an additional 189,226 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Boyd Gaming by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company’s stock worth $67,485,000 after purchasing an additional 3,087 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Company Profile

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. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.