Boyd Gaming (NYSE:BYD) PT Raised to $82.00 at Wells Fargo & Company

Boyd Gaming (NYSE:BYDFree Report) had its target price upped by Wells Fargo & Company from $81.00 to $82.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

BYD has been the topic of several other reports. Susquehanna dropped their target price on Boyd Gaming from $87.00 to $84.00 and set a positive rating on the stock in a research report on Tuesday, October 24th. JPMorgan Chase & Co. lowered their price objective on Boyd Gaming from $79.00 to $72.00 and set an overweight rating on the stock in a research report on Wednesday, October 25th. StockNews.com raised Boyd Gaming from a hold rating to a buy rating in a report on Wednesday, January 24th. Truist Financial reissued a buy rating and issued a $83.00 price target on shares of Boyd Gaming in a report on Wednesday, November 29th. Finally, Stifel Nicolaus reissued a hold rating and issued a $69.00 price target on shares of Boyd Gaming in a report on Friday, January 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $75.33.

View Our Latest Stock Report on Boyd Gaming

Boyd Gaming Stock Performance

NYSE:BYD opened at $66.57 on Friday. The business has a 50 day moving average price of $62.76 and a 200-day moving average price of $62.12. Boyd Gaming has a fifty-two week low of $52.42 and a fifty-two week high of $73.00. The firm has a market cap of $6.51 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 2.89 and a beta of 1.61. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.77 and a current ratio of 0.80.

Boyd Gaming (NYSE:BYDGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $954.41 million during the quarter, compared to analyst estimates of $928.04 million. Boyd Gaming had a return on equity of 37.07% and a net margin of 16.58%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. Equities research analysts predict that Boyd Gaming will post 6.12 earnings per share for the current year.

Boyd Gaming Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 22nd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, December 21st. Boyd Gaming’s payout ratio is currently 10.49%.

Institutional Investors Weigh In On Boyd Gaming

Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust boosted its holdings in Boyd Gaming by 105.5% in the third quarter. Parkside Financial Bank & Trust now owns 411 shares of the company’s stock worth $25,000 after acquiring an additional 211 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Boyd Gaming in the fourth quarter worth about $30,000. Belpointe Asset Management LLC raised its stake in shares of Boyd Gaming by 237.6% in the first quarter. Belpointe Asset Management LLC now owns 655 shares of the company’s stock worth $42,000 after purchasing an additional 461 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Boyd Gaming in the fourth quarter worth about $50,000. Finally, Quarry LP raised its stake in shares of Boyd Gaming by 130.3% in the first quarter. Quarry LP now owns 822 shares of the company’s stock worth $53,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 67.98% of the company’s stock.

About Boyd Gaming

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Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.

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Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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