Boyd Gaming (NYSE:BYD) had its price target raised by Bank of America from $25.00 to $28.00 in a research note published on Wednesday, BenzingaRatingsTable reports. Bank of America currently has a buy rating on the stock.

Several other equities analysts have also issued reports on BYD. SunTrust Banks lifted their price target on shares of Boyd Gaming from $20.00 to $24.00 and gave the stock a buy rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of Boyd Gaming from $24.00 to $30.00 and gave the stock an overweight rating in a report on Wednesday. Deutsche Bank reaffirmed a buy rating and issued a $27.00 price target (up from $22.00) on shares of Boyd Gaming in a report on Wednesday. Nomura Instinet lifted their price target on shares of Boyd Gaming from $22.00 to $29.00 and gave the stock a buy rating in a report on Tuesday, June 2nd. Finally, ValuEngine raised shares of Boyd Gaming from a hold rating to a buy rating in a report on Tuesday, June 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. Boyd Gaming currently has a consensus rating of Buy and a consensus price target of $26.79.

Shares of BYD stock opened at $23.67 on Wednesday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -42.27 and a beta of 2.35. The company’s 50 day moving average is $20.75 and its 200 day moving average is $21.48. The company has a quick ratio of 1.88, a current ratio of 1.92 and a debt-to-equity ratio of 4.67. Boyd Gaming has a 52-week low of $6.44 and a 52-week high of $36.22.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Tuesday, July 28th. The company reported ($0.98) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.45) by $0.47. The company had revenue of $209.90 million for the quarter, compared to analyst estimates of $199.61 million. Boyd Gaming had a negative net margin of 2.48% and a negative return on equity of 0.88%. Boyd Gaming’s revenue was down 75.2% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Analysts anticipate that Boyd Gaming will post -0.86 EPS for the current fiscal year.

In related news, EVP Marianne Boyd Johnson sold 100,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $23.69, for a total transaction of $2,369,000.00. Following the completion of the transaction, the executive vice president now directly owns 285,498 shares in the company, valued at $6,763,447.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.08% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in Boyd Gaming by 3,296.5% during the second quarter. Signaturefd LLC now owns 2,921 shares of the company’s stock valued at $61,000 after purchasing an additional 2,835 shares during the period. CWM LLC raised its position in shares of Boyd Gaming by 7,865.9% in the first quarter. CWM LLC now owns 3,266 shares of the company’s stock worth $47,000 after acquiring an additional 3,225 shares during the period. NEXT Financial Group Inc raised its position in shares of Boyd Gaming by 34.1% in the first quarter. NEXT Financial Group Inc now owns 3,346 shares of the company’s stock worth $48,000 after acquiring an additional 850 shares during the period. Windsor Creek Advisors LLC acquired a new position in shares of Boyd Gaming in the first quarter worth about $61,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Boyd Gaming by 89.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,341 shares of the company’s stock worth $63,000 after acquiring an additional 2,046 shares during the period. Institutional investors own 66.26% of the company’s stock.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Featured Story: Momentum Indicators

Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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.