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HomeMarketResultsBoyd Gaming Co. (NYSE:BYD) Given Average Rating of "Moderate Buy" by Brokerages

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


Shares of Boyd Gaming Co. (NYSE:BYDGet Rating) have been assigned a consensus advice of “Reasonable Purchase” from the fourteen rankings corporations which might be presently overlaying the inventory, Marketbeat Ratings experiences. One analysis analyst has rated the inventory with a promote ranking, two have issued a maintain ranking, six have assigned a purchase ranking and one has given a robust purchase ranking to the corporate. The common 12 month worth goal amongst brokers which have up to date their protection on the inventory within the final yr is $71.08.

Various brokerages have commented on BYD. Barclays boosted their worth goal on shares of Boyd Gaming from $65.00 to $66.00 and gave the inventory an “obese” ranking in a report on Wednesday, October twenty sixth. Truist Monetary minimize their worth goal on shares of Boyd Gaming from $80.00 to $79.00 and set a “purchase” ranking on the inventory in a report on Tuesday, October twenty fifth. StockNews.com upgraded shares of Boyd Gaming from a “purchase” ranking to a “strong-buy” ranking in a report on Thursday, October twenty seventh. JMP Securities lowered shares of Boyd Gaming from an “outperform” ranking to a “market carry out” ranking in a report on Monday, December twelfth. Lastly, Wells Fargo & Firm dropped their goal worth on shares of Boyd Gaming from $77.00 to $70.00 and set an “obese” ranking for the corporate in a analysis report on Friday, October twenty first.

Insider Exercise at Boyd Gaming

In different Boyd Gaming information, EVP Stephen S. Thompson offered 8,448 shares of the corporate’s inventory in a transaction dated Wednesday, December seventh. The shares have been offered at a median worth of $58.00, for a complete worth of $489,984.00. Following the completion of the transaction, the manager vice chairman now owns 31,596 shares within the firm, valued at roughly $1,832,568. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by way of the SEC website. In different Boyd Gaming information, EVP Stephen S. Thompson offered 8,448 shares of the corporate’s inventory in a transaction dated Wednesday, December seventh. The shares have been offered at a median worth of $58.00, for a complete worth of $489,984.00. Following the completion of the transaction, the manager vice chairman now owns 31,596 shares within the firm, valued at roughly $1,832,568. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by way of the SEC website. Additionally, insider William S. Boyd offered 190,000 shares of the corporate’s inventory in a transaction dated Wednesday, December 14th. The inventory was offered at a median worth of $58.90, for a complete transaction of $11,191,000.00. Following the completion of the transaction, the insider now owns 14,543,927 shares of the corporate’s inventory, valued at roughly $856,637,300.30. The disclosure for this sale will be discovered here. Insiders offered a complete of 605,286 shares of firm inventory valued at $35,316,575 within the final quarter. Insiders personal 27.94% of the corporate’s inventory.

Institutional Buying and selling of Boyd Gaming

Institutional buyers have just lately made modifications to their positions within the inventory. KBC Group NV lifted its stake in shares of Boyd Gaming by 62.5% within the 2nd quarter. KBC Group NV now owns 14,889 shares of the corporate’s inventory value $741,000 after buying an extra 5,729 shares throughout the interval. Versor Investments LP lifted its stake in shares of Boyd Gaming by 200.8% within the 2nd quarter. Versor Investments LP now owns 17,990 shares of the corporate’s inventory value $895,000 after buying an extra 12,010 shares throughout the interval. Occudo Quantitative Methods LP lifted its stake in shares of Boyd Gaming by 240.3% within the 2nd quarter. Occudo Quantitative Methods LP now owns 27,486 shares of the corporate’s inventory value $1,367,000 after buying an extra 19,409 shares throughout the interval. AlphaCrest Capital Administration LLC lifted its stake in shares of Boyd Gaming by 90.2% within the 2nd quarter. AlphaCrest Capital Administration LLC now owns 36,831 shares of the corporate’s inventory value $1,832,000 after buying an extra 17,471 shares throughout the interval. Lastly, Mirabella Monetary Companies LLP acquired a brand new stake in shares of Boyd Gaming within the third quarter value roughly $384,000. 68.68% of the inventory is owned by institutional buyers and hedge funds.

Boyd Gaming Inventory Efficiency

NYSE:BYD opened at $56.22 on Friday. The corporate has a present ratio of 0.76, a fast ratio of 0.72 and a debt-to-equity ratio of 1.83. The agency has a market capitalization of $5.87 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.81 and a beta of 1.83. The agency’s fifty day easy shifting common is $57.71 and its 200 day easy shifting common is $54.71. Boyd Gaming has a twelve month low of $46.10 and a twelve month excessive of $72.72.

Boyd Gaming (NYSE:BYDGet Rating) final posted its earnings outcomes on Tuesday, October twenty fifth. The corporate reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.20. Boyd Gaming had a internet margin of 16.41% and a return on fairness of 41.21%. The enterprise had income of $877.26 million for the quarter, in comparison with analyst estimates of $859.03 million. Throughout the identical quarter within the earlier yr, the enterprise posted $1.30 EPS. The enterprise’s quarterly income was up 4.1% on a year-over-year foundation. As a bunch, equities analysis analysts anticipate that Boyd Gaming will publish 5.77 earnings per share for the present fiscal yr.

Boyd Gaming Dividend Announcement

The agency additionally just lately disclosed a quarterly dividend, which can be paid on Sunday, January fifteenth. Traders of report on Monday, December nineteenth can be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized foundation and a dividend yield of 1.07%. The ex-dividend date is Friday, December sixteenth. Boyd Gaming’s dividend payout ratio is presently 11.54%.

About Boyd Gaming

(Get Rating)

Boyd Gaming Company, along with its subsidiaries, operates as a multi-jurisdictional gaming firm. It operates by way of three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the corporate operated 28 gaming leisure properties situated in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

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Analyst Recommendations for Boyd Gaming (NYSE:BYD)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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