ValuEngine cut shares of Boyd Gaming (NYSE:BYD) from a buy rating to a hold rating in a research note published on Friday.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered Boyd Gaming from a hold rating to a sell rating in a report on Wednesday, November 1st. SunTrust Banks reiterated a buy rating and set a $27.00 price objective on shares of Boyd Gaming in a report on Tuesday, October 24th. Telsey Advisory Group increased their price objective on Boyd Gaming from $30.00 to $31.00 and gave the stock an outperform rating in a report on Thursday, October 12th. Morgan Stanley set a $28.00 price objective on Boyd Gaming and gave the stock a hold rating in a report on Tuesday, October 24th. Finally, Stifel Nicolaus raised their target price on Boyd Gaming from $28.00 to $30.00 and gave the company a hold rating in a report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Boyd Gaming has an average rating of Buy and a consensus target price of $27.47.

Shares of Boyd Gaming (NYSE BYD) traded up $0.16 during trading hours on Friday, hitting $32.05. The company had a trading volume of 904,251 shares, compared to its average volume of 1,210,000. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 2.95. Boyd Gaming has a twelve month low of $18.54 and a twelve month high of $32.43. The stock has a market capitalization of $3,610.00, a price-to-earnings ratio of 27.02 and a beta of 1.82.

Boyd Gaming (NYSE:BYD) last announced 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). Boyd Gaming had a return on equity of 13.82% and a net margin of 5.08%. The firm had revenue of $587.70 million for the quarter, compared to analysts’ expectations of $592.29 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Boyd Gaming’s revenue was up 10.5% on a year-over-year basis. sell-side analysts anticipate that Boyd Gaming will post 1.05 earnings per share for the current fiscal year.

In other news, Director Robert L. Boughner sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.70, for a total value of $1,068,000.00. Following the sale, the director now directly owns 40,000 shares of the company’s stock, valued at $1,068,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP William R. Boyd sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.71, for a total value of $186,970.00. Following the completion of the sale, the vice president now directly owns 1,251 shares in the company, valued at $33,414.21. The disclosure for this sale can be found here. 29.16% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Amalgamated Bank grew its position in shares of Boyd Gaming by 5.0% in the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock valued at $284,000 after purchasing an additional 546 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Boyd Gaming by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 26,520 shares of the company’s stock valued at $658,000 after purchasing an additional 550 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Boyd Gaming by 1.0% in the second quarter. Texas Permanent School Fund now owns 60,351 shares of the company’s stock valued at $1,497,000 after purchasing an additional 600 shares during the last quarter. US Bancorp DE grew its position in shares of Boyd Gaming by 1.5% in the second quarter. US Bancorp DE now owns 62,282 shares of the company’s stock valued at $1,545,000 after purchasing an additional 911 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Boyd Gaming by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,359 shares of the company’s stock valued at $232,000 after purchasing an additional 1,403 shares during the last quarter. 76.18% of the stock is currently owned by 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.

Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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