Morgan Stanley upgraded shares of Boyd Gaming (NYSE:BYD – Free Report) from an equal weight rating to an overweight rating in a report published on Wednesday morning, MarketBeat reports. They currently have $74.00 price objective on the stock, up from their previous price objective of $66.00. Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lowered their price objective on Boyd Gaming from $337.00 to $308.00 and set an outperform rating on the stock in a research report on Thursday, May 16th. Stifel Nicolaus increased their target price on shares of Boyd Gaming from $65.00 to $67.00 and gave the stock a hold rating in a research note on Friday, July 26th. Raymond James assumed coverage on Boyd Gaming in a research note on Tuesday, May 21st. They issued an outperform rating and a $67.00 price target for the company. StockNews.com upgraded Boyd Gaming from a hold rating to a buy rating in a research report on Monday, July 22nd. Finally, Macquarie dropped their price objective on Boyd Gaming from $72.00 to $68.00 and set a neutral rating on the stock in a report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $90.75.
* **Boyd Gaming: Stock Soars on Strong Financials**
* **Boyd Gaming:
Boyd Gaming is currently trading at $59.72, a significant price increase from the twelve month low of $49.34. **Key Takeaways**
* **Price Performance:** Boyd Gaming’s stock has shown a positive trend over the past year, experiencing significant price increases. * **Financial Ratios:** Boyd Gaming has strong financial health indicators, including a high current ratio, quick ratio, and low debt-to-equity ratio.
Boyd Gaming Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. Boyd Gaming’s dividend payout ratio is currently 12.21%. Boyd Gaming declared that its board has approved a share repurchase plan on Monday, May 13th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
This sale, while significant, is not an isolated event. Boyd Gaming has a history of insider trading, with several other executives and board members selling shares in recent months. This trend suggests a potential shift in the company’s strategy or a change in sentiment among its leadership. The sale of shares by Marianne Boyd Johnson, the company’s chairman, is particularly noteworthy because of her long-standing commitment to the company.
is a well-known investment management firm that focuses on real estate and infrastructure. They are known for their expertise in the gaming industry. The recent changes in institutional investor holdings suggest a potential shift in sentiment towards BYD. This shift could be driven by various factors, including market trends, economic conditions, and company-specific developments. Institutional investors and hedge funds are significant players in the market, and their actions can significantly impact stock prices.
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. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. Recommended Stories Receive News & Ratings for Boyd Gaming Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Boyd Gaming and related companies with MarketBeat.com’s FREE daily email newsletter.
