Research analysts at Wolfe Research initiated coverage on shares of Boyd Gaming (NYSE:BYD) in a note issued to investors on Friday, The Fly reports. The brokerage set an “outperform” rating and a $37.00 price target on the stock. Wolfe Research’s price target points to a potential upside of 40.18% from the company’s previous close.
Several other research firms have also commented on BYD. Morgan Stanley set a $34.00 price objective on shares of Boyd Gaming and gave the stock a “buy” rating in a research report on Friday, April 26th. TheStreet upgraded shares of Boyd Gaming from a “c+” rating to a “b” rating in a research report on Monday, March 25th. Finally, ValuEngine lowered shares of Boyd Gaming from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.11.
Shares of Boyd Gaming stock traded down $0.04 on Friday, hitting $26.39. The company’s stock had a trading volume of 171,894 shares, compared to its average volume of 1,274,673. Boyd Gaming has a 52-week low of $18.98 and a 52-week high of $39.35. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 4.08. The firm has a market capitalization of $2.89 billion, a PE ratio of 19.84, a P/E/G ratio of 0.73 and a beta of 2.16.
Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Boyd Gaming had a net margin of 4.18% and a return on equity of 13.57%. The business had revenue of $827.30 million for the quarter, compared to analyst estimates of $826.52 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. On average, research analysts expect that Boyd Gaming will post 1.8 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Sageworth Trust Co purchased a new position in shares of Boyd Gaming during the 1st quarter worth about $28,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Boyd Gaming by 1,978.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 671,007 shares of the company’s stock worth $32,000 after acquiring an additional 638,716 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Boyd Gaming during the 1st quarter worth about $46,000. Rockefeller Capital Management L.P. purchased a new position in shares of Boyd Gaming during the 1st quarter worth about $48,000. Finally, Strs Ohio lifted its holdings in shares of Boyd Gaming by 400.0% during the 1st quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $82,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 66.26% of the company’s stock.
About Boyd Gaming
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
Featured Story: Stop Order Uses For Individual Investors
Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.