Boyd Gaming (NYSE:BYD) had its target price upped by Deutsche Bank to $37.00 in a research note issued to investors on Wednesday. Deutsche Bank’s price target would indicate a potential upside of 15.37% from the company’s previous close.

BYD has been the subject of several other research reports. BidaskClub raised Boyd Gaming from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus increased their price objective on Boyd Gaming from $28.00 to $30.00 and gave the company a “hold” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Boyd Gaming from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. ValuEngine raised Boyd Gaming from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $27.00 price target on shares of Boyd Gaming in a report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.00.

Boyd Gaming (BYD) traded up $0.03 during midday trading on Wednesday, hitting $32.07. The stock had a trading volume of 676,300 shares, compared to its average volume of 1,279,173. The firm has a market cap of $3,603.64, a P/E ratio of 27.15 and a beta of 1.81. 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 has a 12 month low of $19.19 and a 12 month high of $33.02.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $587.70 million during the quarter, compared to analyst estimates of $592.29 million. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. equities analysts predict that Boyd Gaming will post 1.05 EPS for the current fiscal year.

In other Boyd Gaming news, VP William R. Boyd sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.71, for a total transaction of $186,970.00. Following the transaction, the vice president now owns 1,251 shares in the company, valued at approximately $33,414.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Boughner sold 40,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.70, for a total value of $1,068,000.00. Following the transaction, the director now owns 40,000 shares in the company, valued at approximately $1,068,000. The disclosure for this sale can be found here. Company insiders own 29.16% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Fortaleza Asset Management Inc. increased its position in Boyd Gaming by 80.7% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock worth $147,000 after buying an additional 2,515 shares during the period. Seven Eight Capital LP bought a new position in Boyd Gaming during the 2nd quarter worth $154,000. Zacks Investment Management bought a new position in Boyd Gaming during the 2nd quarter worth $202,000. Shelton Capital Management bought a new position in shares of Boyd Gaming in the second quarter worth $203,000. Finally, Regentatlantic Capital LLC bought a new position in shares of Boyd Gaming in the third quarter worth $216,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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About Boyd Gaming

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 (NYSE:BYD)

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