Equities researchers at Jefferies Group assumed coverage on shares of Boyd Gaming (NYSE:BYD) in a note issued to investors on Thursday, The Fly reports. The firm set a “hold” rating on the stock.
BYD has been the topic of several other research reports. Stifel Nicolaus reissued a “hold” rating on shares of Boyd Gaming in a report on Thursday, December 21st. Argus began coverage on shares of Boyd Gaming in a report on Wednesday. They issued a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research lowered shares of Boyd Gaming from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Deutsche Bank boosted their price target on shares of Boyd Gaming to $37.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Finally, Nomura boosted their price target on shares of Boyd Gaming to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.69.
Shares of Boyd Gaming (NYSE:BYD) traded up $1.05 during mid-day trading on Thursday, reaching $37.21. 1,178,600 shares of the company were exchanged, compared to its average volume of 1,205,136. Boyd Gaming has a fifty-two week low of $19.20 and a fifty-two week high of $37.24. The company has a market capitalization of $4,190.00, a price-to-earnings ratio of 44.83 and a beta of 1.82. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.73 and a quick ratio of 0.68.
Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boyd Gaming had a return on equity of 13.82% and a net margin of 5.08%. The company had revenue of $587.70 million for the quarter, compared to the consensus estimate of $592.29 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. equities analysts anticipate that Boyd Gaming will post 1.04 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in Boyd Gaming by 3.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 497,699 shares of the company’s stock worth $17,445,000 after buying an additional 16,217 shares in the last quarter. HWG Holdings LP acquired a new position in Boyd Gaming during the 4th quarter worth about $635,000. Creative Planning acquired a new position in Boyd Gaming during the 4th quarter valued at about $206,000. Louisiana State Employees Retirement System lifted its position in Boyd Gaming by 5.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $1,237,000 after purchasing an additional 1,900 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Boyd Gaming during the 3rd quarter valued at about $2,255,000. Institutional investors and hedge funds own 76.22% of the company’s stock.
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.