Boyd Gaming Co. (NYSE:BYD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Boyd Gaming Co. (NYSE:BYD - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $91.38.

BYD has been the subject of several research analyst reports. Mizuho reiterated an "outperform" rating and set a $79.00 target price (up from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Truist Financial upped their target price on shares of Boyd Gaming from $75.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com raised Boyd Gaming from a "buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Stifel Nicolaus increased their target price on shares of Boyd Gaming from $67.00 to $74.00 and gave the company a "hold" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th.

Insider Transactions at Boyd Gaming

In other news, CFO Josh Hirsberg sold 21,549 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.43, for a total value of $1,539,245.07. Following the transaction, the chief financial officer now owns 438,615 shares in the company, valued at approximately $31,330,269.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Josh Hirsberg sold 21,549 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the completion of the transaction, the chief financial officer now directly owns 438,615 shares of the company's stock, valued at $31,330,269.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the sale, the director now directly owns 1,487,970 shares of the company's stock, valued at approximately $103,190,719.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,076 shares of company stock valued at $7,763,331. Insiders own 28.40% of the company's stock.

Institutional Trading of Boyd Gaming

Large investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd purchased a new position in Boyd Gaming during the second quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC increased its stake in Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company's stock worth $35,000 after buying an additional 189 shares in the last quarter. Covestor Ltd lifted its position in shares of Boyd Gaming by 54.9% in the third quarter. Covestor Ltd now owns 587 shares of the company's stock valued at $38,000 after acquiring an additional 208 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company's stock worth $43,000 after acquiring an additional 288 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company's stock worth $57,000 after purchasing an additional 802 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Price Performance

Shares of BYD stock traded down $0.26 on Tuesday, reaching $73.88. The company's stock had a trading volume of 754,172 shares, compared to its average volume of 925,061. Boyd Gaming has a 12-month low of $49.34 and a 12-month high of $74.78. The stock's 50 day simple moving average is $64.95 and its 200-day simple moving average is $58.91. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $6.53 billion, a P/E ratio of 14.10, a PEG ratio of 9.61 and a beta of 1.55.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 0.92%. Boyd Gaming's payout ratio is currently 12.98%.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.