Boyd Gaming (NYSE:BYD) Rating Reiterated by Mizuho

Boyd Gaming (NYSE:BYD - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Mizuho in a research report issued on Friday, Benzinga reports. They presently have a $79.00 price objective on the stock, up from their previous price objective of $78.00. Mizuho's target price suggests a potential upside of 13.91% from the stock's previous close.

Several other research analysts also recently commented on BYD. Morgan Stanley lifted their target price on Boyd Gaming from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday. Macquarie reduced their price target on Boyd Gaming from $72.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, July 26th. Barclays boosted their price target on Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Boyd Gaming from $68.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Bank of America boosted their price target on Boyd Gaming from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.38.

Boyd Gaming Stock Up 7.8 %

Shares of NYSE:BYD traded up $5.04 during trading on Friday, hitting $69.35. 2,402,958 shares of the company were exchanged, compared to its average volume of 921,214. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 1.70. Boyd Gaming has a fifty-two week low of $49.34 and a fifty-two week high of $71.00. The firm has a fifty day moving average price of $62.20 and a two-hundred day moving average price of $58.44. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 12.45 and a beta of 1.57.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.49 by $0.09. Boyd Gaming had a return on equity of 34.29% and a net margin of 13.32%. The company had revenue of $967.50 million during the quarter, compared to the consensus estimate of $909.49 million. During the same period in the previous year, the company posted $1.58 EPS. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Boyd Gaming will post 6.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Christine J. Spadafor sold 1,242 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now directly owns 1,096 shares in the company, valued at $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Christine J. Spadafor sold 1,242 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now directly owns 1,096 shares in the company, valued at $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total value of $4,404,619.90. Following the sale, the chairman now owns 1,423,498 shares of the company's stock, valued at approximately $85,737,284.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boyd Gaming

Large investors have recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in Boyd Gaming in the second quarter valued at about $29,000. Allspring Global Investments Holdings LLC raised its position in Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company's stock valued at $35,000 after purchasing an additional 189 shares during the last quarter. Blue Trust Inc. raised its position in Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company's stock valued at $43,000 after purchasing an additional 288 shares during the last quarter. EntryPoint Capital LLC bought a new position in Boyd Gaming in the first quarter valued at about $90,000. Finally, Covestor Ltd increased its stake in shares of Boyd Gaming by 132.6% in the first quarter. Covestor Ltd now owns 1,742 shares of the company's stock valued at $117,000 after buying an additional 993 shares during the period. 76.81% of the stock is currently owned by institutional investors.

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.