Boyd Gaming (BYD) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Boyd Gaming (NYSE: BYD):

• 1/24/2025 – Boyd Gaming had its price target raised by analysts at Barclays PLC from $71.00 to $74.00. They now have an “equal weight” rating on the stock.
• 1/16/2025 – Boyd Gaming had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 1/14/2025 – Boyd Gaming had its price target raised by analysts at Truist Financial Co. from $77.00 to $85.00. They now have a “buy” rating on the stock.
• 1/3/2025 – Boyd Gaming was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock, up previously from $73.00.
• 12/17/2024 – Boyd Gaming was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock.
• 12/13/2024 – Boyd Gaming had its price target raised by analysts at JPMorgan Chase & Co. from $69.00 to $74.00. They now have a “neutral” rating on the stock.

Boyd Gaming Stock Performance

Boyd Gaming stock traded down $0.13 during mid-day trading on Friday, reaching $75.32. The company’s stock had a trading volume of 17,199 shares, compared to its average volume of 836,120. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $76.73. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 4.21 and a beta of 1.54. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The business has a 50 day moving average price of $73.15 and a 200-day moving average price of $66.01.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, December 16th. Boyd Gaming’s dividend payout ratio (DPR) is 12.98%.

Insider Activity

In other Boyd Gaming news, Director Christine J. Spadafor sold 660 shares of Boyd Gaming stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $75.68, for a total transaction of $49,948.80. Following the transaction, the director now owns 5,977 shares of the company’s stock, valued at $452,339.36. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value of $1,744,499.25. Following the transaction, the director now directly owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,364 shares of company stock valued at $10,590,893. 27.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Boyd Gaming

Several large investors have recently made changes to their positions in BYD. Ariel Investments LLC lifted its holdings in shares of Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock worth $167,046,000 after buying an additional 335,984 shares during the last quarter. State Street Corp lifted its holdings in shares of Boyd Gaming by 0.8% during the third quarter. State Street Corp now owns 2,108,672 shares of the company’s stock worth $136,680,000 after buying an additional 17,591 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boyd Gaming by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,153,768 shares of the company’s stock worth $74,611,000 after buying an additional 33,379 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Boyd Gaming by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 971,921 shares of the company’s stock worth $62,835,000 after buying an additional 54,128 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Boyd Gaming by 6,158.8% during the third quarter. Victory Capital Management Inc. now owns 908,905 shares of the company’s stock worth $58,761,000 after buying an additional 894,383 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

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.