Boyd Gaming (BYD) Sets New 1-Year High at $36.60
Boyd Gaming Co. (NYSE:BYD) reached a new 52-week high during trading on Friday . The stock traded as high as $36.60 and last traded at $35.11, with a volume of 1220500 shares traded. The stock had previously closed at $34.92.
Several research firms recently commented on BYD. Bank of America upgraded Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Friday. Zacks Investment Research downgraded Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Friday. Nomura boosted their price target on Boyd Gaming to $42.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Stifel Nicolaus restated a “hold” rating on shares of Boyd Gaming in a research note on Thursday, December 21st. Finally, ValuEngine downgraded Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Boyd Gaming currently has an average rating of “Buy” and a consensus target price of $30.80.
The firm has a market capitalization of $3,948.93, a P/E ratio of 35.38 and a beta of 1.82. 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 (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 Zacks’ consensus estimate of $0.23 by ($0.01). The company had revenue of $587.70 million for the quarter, compared to the consensus estimate of $592.29 million. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. equities analysts predict that Boyd Gaming Co. will post 1.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Thursday, December 28th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Boyd Gaming’s dividend payout ratio (DPR) is presently 19.23%.
Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in shares of Boyd Gaming during the 3rd quarter valued at approximately $2,255,000. California Public Employees Retirement System grew its stake in shares of Boyd Gaming by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 66,690 shares of the company’s stock valued at $1,737,000 after acquiring an additional 2,390 shares during the period. Bamco Inc. NY grew its stake in shares of Boyd Gaming by 10.4% during the 3rd quarter. Bamco Inc. NY now owns 1,528,617 shares of the company’s stock valued at $39,820,000 after acquiring an additional 143,680 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Boyd Gaming by 15,392.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 57,168 shares of the company’s stock valued at $1,489,000 after acquiring an additional 56,799 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Boyd Gaming by 34.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,566,570 shares of the company’s stock valued at $118,959,000 after acquiring an additional 1,181,986 shares during the period. Institutional investors 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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