Boyd Gaming Corporation (NYSE:BYD) had its price target boosted by stock analysts at Telsey Advisory Group from $30.00 to $31.00 in a research report issued on Thursday. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 11.51% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on BYD. ValuEngine cut Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, October 4th. Barclays PLC boosted their price objective on shares of Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Finally, Instinet reaffirmed a “buy” rating and set a $30.00 target price (up previously from $27.00) on shares of Boyd Gaming Corporation in a research note on Monday, June 19th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $27.00.

Shares of Boyd Gaming Corporation (NYSE:BYD) opened at 27.80 on Thursday. Boyd Gaming Corporation has a 1-year low of $16.77 and a 1-year high of $27.98. The stock’s 50 day moving average price is $26.25 and its 200 day moving average price is $24.97. The company has a market cap of $3.14 billion, a P/E ratio of 7.34 and a beta of 1.87.

Boyd Gaming Corporation (NYSE:BYD) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Boyd Gaming Corporation had a return on equity of 13.31% and a net margin of 19.15%. The business had revenue of $599.87 million for the quarter, compared to the consensus estimate of $602.39 million. During the same quarter in the previous year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that Boyd Gaming Corporation will post $1.12 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Boyd Gaming Corporation (BYD) Price Target Raised to $31.00 at Telsey Advisory Group” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/12/boyd-gaming-corporation-byd-price-target-raised-to-31-00-at-telsey-advisory-group.html.

In other news, Director John Robert Bailey acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $25.33 per share, for a total transaction of $253,300.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William S. Boyd sold 76,531 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.18, for a total transaction of $1,927,050.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,531 shares of company stock valued at $3,447,521. Company insiders own 29.16% of the company’s stock.

Large investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Boyd Gaming Corporation by 105,482.6% during the 1st quarter. BlackRock Inc. now owns 10,413,612 shares of the company’s stock valued at $229,205,000 after acquiring an additional 10,403,749 shares during the period. Vanguard Group Inc. grew its position in shares of Boyd Gaming Corporation by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 9,726,723 shares of the company’s stock valued at $214,085,000 after acquiring an additional 227,769 shares during the period. State Street Corp grew its position in shares of Boyd Gaming Corporation by 4.0% during the 2nd quarter. State Street Corp now owns 1,951,576 shares of the company’s stock valued at $48,421,000 after acquiring an additional 75,012 shares during the period. Bank of America Corp DE grew its position in shares of Boyd Gaming Corporation by 373.3% during the 1st quarter. Bank of America Corp DE now owns 1,482,567 shares of the company’s stock valued at $32,631,000 after acquiring an additional 1,169,330 shares during the period. Finally, FMR LLC grew its position in shares of Boyd Gaming Corporation by 531.0% during the 2nd quarter. FMR LLC now owns 1,418,700 shares of the company’s stock valued at $35,199,000 after acquiring an additional 1,193,874 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Boyd Gaming Corporation 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 Corporation (NYSE:BYD)

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