Boyd Gaming Corp. (BYD) Shares Down 0.5%
Shares of Boyd Gaming Corp. (NYSE:BYD) were down 0.5% during mid-day trading on Monday . The company traded as low as $19.71 and last traded at $19.82, with a volume of 251,511 shares changing hands. The stock had previously closed at $19.92.
A number of analysts have recently weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Boyd Gaming Corp. in a research report on Thursday, June 2nd. Imperial Capital reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Boyd Gaming Corp. in a research report on Wednesday, June 8th. Zacks Investment Research raised Boyd Gaming Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, July 6th. Finally, Telsey Advisory Group cut their price objective on Boyd Gaming Corp. from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.08.
The stock’s 50-day moving average is $19.35 and its 200-day moving average is $19.04. The company has a market capitalization of $2.21 billion and a P/E ratio of 27.49.
Boyd Gaming Corp. (NYSE:BYD) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.14. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $561.27 million. During the same quarter in the previous year, the business posted $0.24 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Boyd Gaming Corp. will post $0.80 EPS for the current fiscal year.
In other Boyd Gaming Corp. news, CEO Keith Smith sold 138,068 shares of Boyd Gaming Corp. stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $19.46, for a total value of $2,686,803.28. Following the transaction, the chief executive officer now owns 953,403 shares in the company, valued at approximately $18,553,222.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul W. Whetsell purchased 7,500 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was bought at an average price of $19.52 per share, for a total transaction of $146,400.00. Following the acquisition, the director now owns 7,500 shares in the company, valued at $146,400. The disclosure for this purchase can be found here.
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates through five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata. The Las Vegas Locals Properties segment consists of Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino.
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