Jefferies Group initiated coverage on shares of Boyd Gaming (NYSE:BYD) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a hold rating on the stock.
BYD has been the topic of several other research reports. Deutsche Bank lifted their target price on shares of Boyd Gaming to $37.00 and gave the company a buy rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Boyd Gaming from a hold rating to a sell rating in a report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a hold rating on shares of Boyd Gaming in a report on Thursday, December 21st. Nomura lifted their target price on shares of Boyd Gaming to $42.00 and gave the company a buy rating in a report on Tuesday, December 19th. Finally, Telsey Advisory Group lifted their target price on shares of Boyd Gaming from $30.00 to $31.00 and gave the company an outperform rating in a report on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $31.69.
Shares of Boyd Gaming (BYD) opened at $37.74 on Thursday. The firm has a market cap of $4,244.73, a PE ratio of 36.29 and a beta of 1.82. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 2.95. Boyd Gaming has a fifty-two week low of $19.20 and a fifty-two week high of $37.75.
Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $587.70 million during the quarter, compared to analysts’ expectations of $592.29 million. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. sell-side analysts expect that Boyd Gaming will post 1.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, December 27th. Boyd Gaming’s dividend payout ratio is currently 19.23%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its holdings in Boyd Gaming by 5.0% during the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock worth $284,000 after buying an additional 546 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Boyd Gaming by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,359 shares of the company’s stock worth $232,000 after buying an additional 1,403 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Boyd Gaming by 5.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $1,237,000 after purchasing an additional 1,900 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Boyd Gaming by 3.7% in the third quarter. California Public Employees Retirement System now owns 66,690 shares of the company’s stock valued at $1,737,000 after purchasing an additional 2,390 shares in the last quarter. Finally, Fortaleza Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 80.7% in the third quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock valued at $147,000 after purchasing an additional 2,515 shares in the last quarter. 76.22% of the stock is currently owned by hedge funds and other institutional investors.
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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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