Shares of Boyd Gaming Co. (NYSE:BYD) have received a consensus rating of “Buy” from the fourteen research firms that are presently covering the stock. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $25.58.

Several equities research analysts have recently commented on the stock. Instinet lifted their price objective on shares of Boyd Gaming from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Boyd Gaming from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, April 18th. Nomura raised shares of Boyd Gaming from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, February 1st. Imperial Capital reiterated an “outperform” rating and issued a $26.00 target price on shares of Boyd Gaming in a research report on Tuesday, February 21st. Finally, Barclays PLC set a $22.00 target price on shares of Boyd Gaming and gave the company a “hold” rating in a research report on Saturday, February 18th.

In other Boyd Gaming news, VP Brian A. Larson sold 90,478 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $24.14, for a total value of $2,184,138.92. Following the transaction, the vice president now directly owns 195,087 shares in the company, valued at approximately $4,709,400.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Boughner sold 25,510 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $25.21, for a total transaction of $643,107.10. Following the completion of the transaction, the director now owns 65,510 shares in the company, valued at $1,651,507.10. The disclosure for this sale can be found here. Insiders have sold 201,728 shares of company stock worth $4,587,772 over the last 90 days. 29.67% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in Boyd Gaming by 0.5% in the fourth quarter. Van ECK Associates Corp now owns 10,714 shares of the company’s stock valued at $216,000 after buying an additional 57 shares during the last quarter. American International Group Inc. raised its position in Boyd Gaming by 0.3% in the third quarter. American International Group Inc. now owns 61,293 shares of the company’s stock valued at $1,212,000 after buying an additional 172 shares during the last quarter. Capital One National Association raised its position in Boyd Gaming by 1.0% in the first quarter. Capital One National Association now owns 18,194 shares of the company’s stock valued at $400,000 after buying an additional 178 shares during the last quarter. State of Alaska Department of Revenue raised its position in Boyd Gaming by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 9,110 shares of the company’s stock valued at $200,000 after buying an additional 240 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in Boyd Gaming by 2.6% in the first quarter. Wedge Capital Management L L P NC now owns 15,558 shares of the company’s stock valued at $342,000 after buying an additional 397 shares during the last quarter. Institutional investors own 69.79% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Boyd Gaming Co. (BYD) Receives Consensus Recommendation of “Buy” from Analysts” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/05/26/boyd-gaming-co-byd-receives-consensus-recommendation-of-buy-from-analysts.html.

Shares of Boyd Gaming (NYSE:BYD) traded up 0.52% during mid-day trading on Friday, hitting $25.19. The stock had a trading volume of 591,202 shares. The company’s 50 day moving average is $23.52 and its 200-day moving average is $20.96. The stock has a market cap of $2.85 billion, a P/E ratio of 6.92 and a beta of 1.64. Boyd Gaming has a 52-week low of $16.77 and a 52-week high of $25.40.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Tuesday, May 2nd. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $605.34 million during the quarter, compared to the consensus estimate of $601.11 million. Boyd Gaming had a net margin of 18.37% and a return on equity of 13.66%. On average, equities research analysts anticipate that Boyd Gaming will post $1.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Thursday, June 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%.

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.

12 Month Chart for NYSE:BYD

Receive News & Ratings for Boyd Gaming Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming Co. and related companies with MarketBeat.com's FREE daily email newsletter.