Recent Research Analysts’ Ratings Changes for Boyd Gaming (BYD)

A number of firms have modified their ratings and price targets on shares of Boyd Gaming (NYSE: BYD) recently:

• 10/28/2024 – Boyd Gaming was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/25/2024 – Boyd Gaming had its price target raised by analysts at Wells Fargo & Company from $75.00 to $79.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – Boyd Gaming had its “outperform” rating reaffirmed by analysts at Mizuho. They now have a $79.00 price target on the stock, up previously from $78.00.
• 10/25/2024 – Boyd Gaming had its price target raised by analysts at JPMorgan Chase & Co. from $68.00 to $69.00. They now have a “neutral” rating on the stock.
• 10/25/2024 – Boyd Gaming had its price target raised by analysts at Stifel Nicolaus from $67.00 to $74.00. They now have a “hold” rating on the stock.
• 10/25/2024 – Boyd Gaming had its price target raised by analysts at Barclays PLC from $70.00 to $71.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – Boyd Gaming had its price target raised by analysts at Truist Financial Co. from $75.00 to $77.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Boyd Gaming had its price target raised by analysts at Morgan Stanley from $74.00 to $78.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Boyd Gaming had its price target raised by analysts at Wells Fargo & Company from $71.00 to $75.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Boyd Gaming had its price target raised by analysts at Barclays PLC from $68.00 to $70.00. They now have an “equal weight” rating on the stock.
• 9/17/2024 – Boyd Gaming had its price target raised by analysts at Bank of America Co. from $68.00 to $72.00. They now have a “buy” rating on the stock.

Boyd Gaming Trading Down 0.2 %

Shares of Boyd Gaming stock traded down $0.14 during trading hours on Monday, hitting $68.52. The company’s stock had a trading volume of 129,977 shares, compared to its average volume of 923,180. The company has a market capitalization of $6.29 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 9.04 and a beta of 1.55. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79. The stock has a 50 day moving average of $63.55 and a 200 day moving average of $58.60. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $72.22.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 0.99%. Boyd Gaming’s dividend payout ratio (DPR) is currently 12.98%.

Insider Buying and Selling at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now owns 1,096 shares of the company’s stock, valued at $66,154.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Boyd Gaming news, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total value of $1,744,499.25. Following the sale, the director now owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $74,967.12. Following the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,527 shares of company stock valued at $6,224,086. 27.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Boyd Gaming

A number of institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in Boyd Gaming during the second quarter worth about $29,000. Allspring Global Investments Holdings LLC raised its stake in shares of Boyd Gaming by 57.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 189 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after buying an additional 208 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after buying an additional 288 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Boyd Gaming by 921.8% in the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock valued at $57,000 after buying an additional 802 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

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.