Boyd Gaming Co. (NYSE:BYD) – Research analysts at SunTrust Banks lifted their Q4 2017 earnings estimates for Boyd Gaming in a report released on Monday. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of $0.27 for the quarter, up from their previous estimate of $0.26. SunTrust Banks currently has a “Buy” rating and a $27.00 price target on the stock. SunTrust Banks also issued estimates for Boyd Gaming’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.67 EPS and FY2019 earnings at $1.84 EPS.
Several other equities analysts have also recently weighed in on BYD. Zacks Investment Research raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, January 9th. Deutsche Bank lifted their target price on Boyd Gaming to $47.00 and gave the company a “buy” rating in a research note on Monday. Bank of America raised Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, January 5th. Argus assumed coverage on Boyd Gaming in a research note on Wednesday, January 17th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Jefferies Group assumed coverage on Boyd Gaming in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $32.93.
Several hedge funds and other institutional investors have recently made changes to their positions in BYD. FMR LLC grew its stake in shares of Boyd Gaming by 531.0% in the 2nd quarter. FMR LLC now owns 1,418,700 shares of the company’s stock valued at $35,199,000 after buying an additional 1,193,874 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Boyd Gaming by 34.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,566,570 shares of the company’s stock valued at $118,959,000 after buying an additional 1,181,986 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Boyd Gaming in the 3rd quarter valued at approximately $11,723,000. Boston Advisors LLC grew its stake in shares of Boyd Gaming by 418.7% in the 3rd quarter. Boston Advisors LLC now owns 234,795 shares of the company’s stock valued at $6,116,000 after buying an additional 189,525 shares in the last quarter. Finally, Bamco Inc. NY grew its stake in shares of Boyd Gaming by 10.4% in the 3rd quarter. Bamco Inc. NY now owns 1,528,617 shares of the company’s stock valued at $39,820,000 after buying an additional 143,680 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Boyd Gaming’s payout ratio is 19.23%.
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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.
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