Boyd Gaming Corporation (NYSE:BYD) Given Consensus Recommendation of “Hold” by Analysts

Boyd Gaming Corporation (NYSE:BYD) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $92.0833.

A number of research firms have recently commented on BYD. Macquarie reiterated a “neutral” rating and issued a $90.00 price objective on shares of Boyd Gaming in a report on Friday, October 24th. Mizuho set a $100.00 target price on shares of Boyd Gaming in a report on Monday. Truist Financial set a $110.00 target price on shares of Boyd Gaming in a research report on Tuesday, January 13th. UBS Group set a $110.00 price target on shares of Boyd Gaming in a research report on Wednesday, December 24th. Finally, Citigroup began coverage on shares of Boyd Gaming in a research note on Thursday, November 20th. They issued a “neutral” rating and a $86.00 price objective for the company.

Boyd Gaming Stock Performance

NYSE:BYD opened at $84.80 on Thursday. Boyd Gaming has a 12 month low of $58.94 and a 12 month high of $89.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49. The firm has a market capitalization of $6.62 billion, a PE ratio of 3.71, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The business’s fifty day moving average price is $85.03 and its 200 day moving average price is $83.83.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, December 15th. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.15%.

Insider Buying and Selling

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of Boyd Gaming stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the transaction, the director owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 27.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boyd Gaming

A number of hedge funds have recently modified their holdings of BYD. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Boyd Gaming in the 4th quarter valued at $1,922,000. Versor Investments LP increased its stake in Boyd Gaming by 180.4% in the fourth quarter. Versor Investments LP now owns 23,584 shares of the company’s stock valued at $2,010,000 after purchasing an additional 15,173 shares during the period. Swiss Life Asset Management Ltd raised its holdings in shares of Boyd Gaming by 89.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 4,925 shares of the company’s stock valued at $420,000 after buying an additional 2,321 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in shares of Boyd Gaming during the fourth quarter worth about $205,000. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of Boyd Gaming during the fourth quarter worth about $269,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.