Boyd Gaming (NYSE:BYD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, January 5th.
According to Zacks, “Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. “
Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus lifted their target price on Boyd Gaming from $28.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, October 27th. ValuEngine cut Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and set a $27.00 target price on shares of Boyd Gaming in a research note on Tuesday, October 24th. Bank of America raised Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, January 5th. Finally, Morgan Stanley set a $28.00 price target on Boyd Gaming and gave the company a “hold” rating in a research note on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Boyd Gaming presently has a consensus rating of “Buy” and a consensus target price of $30.87.
Shares of Boyd Gaming (NYSE BYD) traded up $0.83 during trading on Friday, reaching $36.81. 841,300 shares of the company’s stock traded hands, compared to its average volume of 1,369,387. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $4,110.00, a PE ratio of 44.35 and a beta of 1.82. Boyd Gaming has a 12-month low of $19.20 and a 12-month high of $37.07.
Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $587.70 million for the quarter, compared to analyst estimates of $592.29 million. Boyd Gaming had a return on equity of 13.82% and a net margin of 5.08%. Boyd Gaming’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. equities research analysts anticipate that Boyd Gaming will post 1.04 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its position in shares of Boyd Gaming by 10.4% during the third quarter. Bamco Inc. NY now owns 1,528,617 shares of the company’s stock worth $39,820,000 after purchasing an additional 143,680 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of Boyd Gaming by 12.4% during the 3rd quarter. Pinebridge Investments L.P. now owns 91,213 shares of the company’s stock worth $2,376,000 after acquiring an additional 10,052 shares during the period. AHL Partners LLP bought a new position in shares of Boyd Gaming during the 2nd quarter worth approximately $4,577,000. Tudor Investment Corp ET AL bought a new stake in Boyd Gaming in the 2nd quarter valued at $549,000. Finally, Boston Advisors LLC boosted its stake in Boyd Gaming by 418.7% in the 3rd quarter. Boston Advisors LLC now owns 234,795 shares of the company’s stock valued at $6,116,000 after purchasing an additional 189,525 shares during the period. Institutional investors and hedge funds own 76.22% of the company’s stock.
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Boyd Gaming Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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