Boyd Gaming Corporation (NYSE: BYD) recently received a number of ratings updates from brokerages and research firms:

  • 8/2/2017 – Boyd Gaming Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/1/2017 – Boyd Gaming Corporation had its price target raised by analysts at Barclays PLC from $24.00 to $25.00. They now have an “equal weight” rating on the stock.
  • 7/31/2017 – Boyd Gaming Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. “
  • 7/30/2017 – Boyd Gaming Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $29.00 price target on the stock, down previously from $30.00.
  • 7/28/2017 – Boyd Gaming Corporation had its price target raised by analysts at Telsey Advisory Group from $29.00 to $30.00. They now have an “outperform” rating on the stock.
  • 7/24/2017 – Boyd Gaming Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/14/2017 – Boyd Gaming Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. “
  • 7/4/2017 – Boyd Gaming Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. “
  • 6/23/2017 – Boyd Gaming Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/20/2017 – Boyd Gaming Corporation was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/19/2017 – Boyd Gaming Corporation had its “buy” rating reaffirmed by analysts at Instinet. They now have a $30.00 price target on the stock, up previously from $27.00.
  • 6/19/2017 – Boyd Gaming Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $25.00 price target on the stock, up previously from $22.00.

Boyd Gaming Corporation (BYD) opened at 26.02 on Monday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 6.87 and a beta of 1.93. Boyd Gaming Corporation has a 12-month low of $16.77 and a 12-month high of $26.67. The firm’s 50-day moving average price is $25.30 and its 200-day moving average price is $22.86.

Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The business had revenue of $599.87 million during the quarter, compared to analysts’ expectations of $602.39 million. During the same quarter in the prior year, the firm earned $0.16 EPS. Boyd Gaming Corporation’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts predict that Boyd Gaming Corporation will post $1.10 EPS for the current fiscal year.

In related news, VP William R. Boyd sold 15,000 shares of Boyd Gaming Corporation stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $24.56, for a total value of $368,400.00. Following the completion of the transaction, the vice president now owns 18,251 shares in the company, valued at approximately $448,244.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Robert Bailey purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $25.33 per share, with a total value of $253,300.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 188,816 shares of company stock valued at $4,775,740. 29.16% of the stock is owned by company insiders.

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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