Boyd Gaming Corp. (BYD) Earns “Buy” Rating from Gabelli
Boyd Gaming Corp. (NYSE:BYD)‘s stock had its “buy” rating reiterated by analysts at Gabelli in a research note issued on Monday. They currently have a $28.00 price objective on the stock. Gabelli’s price target points to a potential upside of 46.75% from the stock’s previous close.
BYD has been the subject of several other reports. Zacks Investment Research upgraded Boyd Gaming Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, October 4th. Telsey Advisory Group reduced their price objective on Boyd Gaming Corp. from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Boyd Gaming Corp. in a research report on Sunday, June 26th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Boyd Gaming Corp. has a consensus rating of “Buy” and a consensus target price of $22.92.
Boyd Gaming Corp. (NYSE:BYD) traded up 0.21% during trading on Monday, reaching $19.04. The company had a trading volume of 247,140 shares. Boyd Gaming Corp. has a 12 month low of $14.22 and a 12 month high of $21.43. The firm’s 50 day moving average is $19.31 and its 200-day moving average is $19.34. The company has a market capitalization of $2.14 billion, a P/E ratio of 26.56 and a beta of 1.86.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/boyd-gaming-corp-byd-earns-buy-rating-from-gabelli.html
Boyd Gaming Corp. (NYSE:BYD) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.14. The business had revenue of $544.90 million for the quarter, compared to analyst estimates of $561.27 million. Boyd Gaming Corp. had a return on equity of 18.90% and a net margin of 3.74%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities analysts expect that Boyd Gaming Corp. will post $0.80 earnings per share for the current year.
In other Boyd Gaming Corp. news, insider Marianne Boyd Johnson sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $19.26, for a total transaction of $192,600.00. Following the sale, the insider now directly owns 187,229 shares of the company’s stock, valued at approximately $3,606,030.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William S. Boyd sold 76,531 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $19.75, for a total transaction of $1,511,487.25. Following the sale, the insider now directly owns 184,386 shares in the company, valued at $3,641,623.50. The disclosure for this sale can be found here. Company insiders own 29.67% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BYD. Aperio Group LLC increased its stake in shares of Boyd Gaming Corp. by 10.6% in the first quarter. Aperio Group LLC now owns 32,973 shares of the company’s stock valued at $681,000 after buying an additional 3,167 shares during the period. BlackRock Inc. increased its stake in shares of Boyd Gaming Corp. by 81.4% in the first quarter. BlackRock Inc. now owns 5,589 shares of the company’s stock valued at $115,000 after buying an additional 2,508 shares during the period. Credit Agricole S A purchased a new stake in shares of Boyd Gaming Corp. during the first quarter valued at about $8,109,000. State Street Corp increased its stake in shares of Boyd Gaming Corp. by 9.9% in the first quarter. State Street Corp now owns 1,670,430 shares of the company’s stock valued at $34,511,000 after buying an additional 150,230 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Boyd Gaming Corp. during the first quarter valued at about $917,000. 73.63% of the stock is currently owned by institutional investors.
About Boyd Gaming Corp.
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates through five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata. The Las Vegas Locals Properties segment consists of Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino.
Receive News & Ratings for Boyd Gaming Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming Corp. and related companies with MarketBeat.com's FREE daily email newsletter.