Boyd Gaming Corporation (NYSE:BYD) Given Consensus Recommendation of “Hold” by Analysts

Boyd Gaming Corporation (NYSE:BYD) has been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $92.5833.

BYD has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Boyd Gaming in a report on Monday, December 29th. Morgan Stanley set a $86.00 price objective on shares of Boyd Gaming in a research note on Wednesday, February 11th. UBS Group set a $110.00 target price on shares of Boyd Gaming in a research note on Wednesday, December 24th. Wells Fargo & Company reduced their target price on shares of Boyd Gaming from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Finally, Mizuho set a $100.00 price target on shares of Boyd Gaming in a research report on Monday, February 2nd.

Insider Transactions at Boyd Gaming

In related news, CFO Josh Hirsberg sold 23,924 shares of Boyd Gaming stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $85.86, for a total value of $2,054,114.64. Following the transaction, the chief financial officer owned 435,746 shares of the company’s stock, valued at approximately $37,413,151.56. This trade represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $84.84, for a total value of $2,545,200.00. Following the sale, the director owned 1,930,447 shares in the company, valued at approximately $163,779,123.48. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,454 shares of company stock valued at $6,231,827 over the last three months. Company insiders own 27.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Boyd Gaming by 2.7% in the 3rd quarter. Alps Advisors Inc. now owns 5,384 shares of the company’s stock valued at $465,000 after acquiring an additional 141 shares in the last quarter. TD Private Client Wealth LLC grew its position in Boyd Gaming by 24.5% during the 4th quarter. TD Private Client Wealth LLC now owns 854 shares of the company’s stock worth $73,000 after purchasing an additional 168 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Boyd Gaming by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,434 shares of the company’s stock valued at $371,000 after purchasing an additional 170 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its holdings in shares of Boyd Gaming by 9.0% in the fourth quarter. Interchange Capital Partners LLC now owns 2,996 shares of the company’s stock valued at $255,000 after purchasing an additional 247 shares in the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Boyd Gaming Stock Down 0.0%

Shares of BYD stock opened at $83.72 on Friday. Boyd Gaming has a 1 year low of $58.94 and a 1 year high of $89.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.52 and a current ratio of 0.54. The business’s fifty day moving average is $82.99 and its 200-day moving average is $83.34. The stock has a market cap of $6.30 billion, a PE ratio of 3.68, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.33. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Boyd Gaming had a return on equity of 30.14% and a net margin of 45.05%.The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 earnings per share. Equities analysts expect that Boyd Gaming will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 16th. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.18. Boyd Gaming’s payout ratio is presently 3.52%.

Boyd Gaming Company Profile

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.