Boyd Gaming Co. (BYD:NYE) has garnered an average rating of “Buy” from a consensus of fifteen research firms, according to reports from Stock Target Advisor. Boyd stock has been subject to varying opinions, with one analyst giving it a sell rating, one assigning a hold rating, six indicating a buy rating, and one expressing a strong buy rating. As the average one-year price objective among these analysts stands at $75.92, we explore the current state of Boyd Gaming and delve into the market performance and investor sentiment surrounding the company.
Boyd Stock-Analyst Sentiment:
Boyd Gaming Co. has recently attracted the attention of research analysts. The consensus opinion among these analysts reflects a “Buy” rating, demonstrating positive sentiment towards the company. Notably, one analyst has assigned a sell rating, while another has opted for a hold rating. However, six analysts maintain a buy rating, and one expresses a strong buy recommendation, reflecting the overall optimism toward Boyd Gaming’s prospects.
Analyst Ratings & Price Targets:
Several research analysts have commented on Boyd Gaming’s stock, offering insights into the company’s potential. Barclays, for instance, raised its price objective from $70.00 to $75.00 and assigned an “overweight” rating to the stock. Susquehanna, Deutsche Bank , and Truist Financial also adjusted their price targets on the Boyd stock, indicating their positive outlook.
Boyd Stock Performance and Financials:
As of the most recent update, Boyd Gaming stock opened at $66.66 on the NYSE. The company exhibits a quick ratio of 0.74 and a current ratio of 0.77, highlighting its liquidity position. With a market capitalization of $6.73 billion and a price-to-earnings (PE) ratio of 10.50, Boyd Gaming has demonstrated resilience in the market. The firm’s 50-day moving average price is $66.25, and the 200-day moving average price is $62.51. It has a 52-week low of $46.10 and a 52-week high of $71.69.
Quarterly Earnings and Dividend Announcements:
During the previous quarterly earnings release, Boyd Gaming reported earnings per share (EPS) of $1.71, surpassing analysts’ consensus estimates of $1.51 by $0.20. The company’s net margin stood at 18.48%, with a return on equity of 43.15%. Boyd Gaming’s revenue for the quarter was $963.97 million, representing a 12.0% increase compared to the same period last year.
In terms of dividends, the company recently declared a quarterly dividend of $0.16 per share. Shareholders of record on June 15th will receive the dividend on July 15th. This dividend amounts to an annualized yield of 0.96%, contributing to Boyd Gaming’s overall shareholder value.
Insider Transactions and Institutional Holdings:
Boyd Gaming witnessed insider selling activity, with William S. Boyd, an insider, selling 39,525 shares of the Boyd stock at an average price of $64.52.
Institutional investors and hedge funds have also shown interest in the company, with Boston Partners and Ariel Investments LLC acquiring significant stakes in the first quarter.
Conclusion:
Boyd Gaming Co. has received an overall “Buy” rating from analysts, indicating positive sentiment toward the stock’s prospects. With various analysts revising price targets and highlighting the company’s strengths, investors have a range of opinions to consider.
Boyd Gaming’s recent financial performance, strong quarterly earnings, and dividend announcements have contributed to its market stability. As the company continues to navigate the gaming industry landscape, investor sentiment and market dynamics will play a vital role in shaping its future performance.
