Boyd Gaming (NYSE:BYD) Receives “Neutral” Rating from Susquehanna

Boyd Gaming (NYSE:BYDGet Free Report)‘s stock had its “neutral” rating restated by Susquehanna in a report released on Monday, MarketBeat.com reports. They presently have a $75.00 price target on the stock, down from their prior price target of $84.00. Susquehanna’s target price points to a potential upside of 12.36% from the company’s previous close.

A number of other brokerages have also issued reports on BYD. Barclays raised their price target on shares of Boyd Gaming from $66.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. StockNews.com raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Truist Financial lifted their target price on shares of Boyd Gaming from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and set a $69.00 price target on shares of Boyd Gaming in a research report on Friday, January 5th. Finally, Morgan Stanley lowered their price target on shares of Boyd Gaming from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.33.

Get Our Latest Stock Analysis on BYD

Boyd Gaming Price Performance

Shares of NYSE:BYD opened at $66.75 on Monday. The stock has a market cap of $6.53 billion, a PE ratio of 10.94, a PEG ratio of 2.89 and a beta of 1.61. The company’s fifty day moving average is $62.64 and its 200 day moving average is $62.15. Boyd Gaming has a 52 week low of $52.42 and a 52 week high of $73.00. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 1.62.

Boyd Gaming (NYSE:BYDGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The business had revenue of $954.41 million for the quarter, compared to analyst estimates of $928.04 million. Boyd Gaming had a net margin of 16.58% and a return on equity of 37.07%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 EPS. Research analysts anticipate that Boyd Gaming will post 6.12 earnings per share for the current year.

Institutional Trading of Boyd Gaming

Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in shares of Boyd Gaming by 12.0% in the second quarter. Franklin Resources Inc. now owns 512,159 shares of the company’s stock worth $35,528,000 after purchasing an additional 55,020 shares during the period. Cetera Advisor Networks LLC boosted its position in shares of Boyd Gaming by 3.1% in the second quarter. Cetera Advisor Networks LLC now owns 7,163 shares of the company’s stock worth $497,000 after purchasing an additional 218 shares during the period. Baystate Wealth Management LLC bought a new position in shares of Boyd Gaming in the second quarter worth approximately $311,000. BlackRock Inc. boosted its position in shares of Boyd Gaming by 3.7% in the second quarter. BlackRock Inc. now owns 8,049,436 shares of the company’s stock worth $558,389,000 after purchasing an additional 289,372 shares during the period. Finally, ExodusPoint Capital Management LP boosted its position in shares of Boyd Gaming by 80.3% in the second quarter. ExodusPoint Capital Management LP now owns 45,321 shares of the company’s stock worth $3,144,000 after purchasing an additional 20,178 shares during the period. 67.98% of the stock is currently owned by institutional investors.

Boyd Gaming Company Profile

(Get Free Report)

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. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.

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Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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