Boyd Gaming Corporation (NYSE:BYD) Receives $92.08 Consensus PT from Brokerages

Boyd Gaming Corporation (NYSE:BYD) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $92.4167.

Several equities analysts have recently issued reports on BYD shares. Stifel Nicolaus lifted their price target on Boyd Gaming from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. UBS Group set a $110.00 price objective on shares of Boyd Gaming in a research note on Wednesday, December 24th. Mizuho set a $100.00 target price on shares of Boyd Gaming in a research report on Monday, February 2nd. Finally, Morgan Stanley boosted their target price on shares of Boyd Gaming from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday, January 16th.

Hedge Funds Weigh In On Boyd Gaming

Several large investors have recently added to or reduced their stakes in BYD. Asset Management One Co. Ltd. purchased a new stake in shares of Boyd Gaming during the third quarter valued at approximately $1,531,000. Fox Run Management L.L.C. purchased a new position in Boyd Gaming during the second quarter valued at $563,000. Allspring Global Investments Holdings LLC boosted its stake in Boyd Gaming by 9.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 340,281 shares of the company’s stock worth $29,615,000 after acquiring an additional 30,543 shares in the last quarter. LSV Asset Management increased its stake in shares of Boyd Gaming by 115.8% during the second quarter. LSV Asset Management now owns 245,100 shares of the company’s stock valued at $19,174,000 after purchasing an additional 131,500 shares in the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new stake in shares of Boyd Gaming in the third quarter worth $1,878,000. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Price Performance

Shares of NYSE BYD opened at $82.86 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49. The business has a 50-day moving average of $85.05 and a 200-day moving average of $83.86. Boyd Gaming has a 1-year low of $58.94 and a 1-year high of $89.96. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 3.64, a PEG ratio of 1.48 and a beta of 1.24.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, February 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.88 by $0.33. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 33.49%. Boyd Gaming’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. On average, equities analysts anticipate that Boyd Gaming will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, December 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.16%.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.