Streetbeat News

BYD

Boyd Gaming Corporation

https://www.boydgaming.com

Industry

Gambling, Resorts & Casinos

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 December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

Open

66.62

Mkt cap

5.7B

Volume

1.3M

High

68.65

P/E Ratio

11.06

52-wk high

80.50

Low

66.62

Div yield

0.01

52-wk low

49.34

Boyd Gaming (NYSE:BYD) has been evaluated by 4 analysts over the last three months, with a mix of opinions. The average 12-month price target is now $71.25, up from $68.50, with a high estimate of $83.00 and a low of $66.00. Recent analyst actions include adjustments to ratings and price targets by Barclays and Truist Securities. Boyd Gaming operates gaming entertainment properties across several states and has shown strong financial health with a market cap above industry benchmarks, revenue growth of 2.95%, a net margin of 14.97%, an ROE of 7.69%, an ROA of 2.14%, and a low debt-to-equity ratio of 2.11.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:00 pm

Barclays analyst Brandt Montour has maintained an Equal-Weight rating on Boyd Gaming (NYSE:BYD) and increased the price target from $66 to $67.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:57 pm

Boyd Gaming (NYSE:BYD) has received mixed ratings from 8 analysts in the past three months, with an average 12-month price target of $73.00, down from $76.83. Recent actions include downgrades and maintaining of ratings, with price targets ranging from $66.00 to $84.00. Boyd Gaming operates gaming and entertainment properties across several U.S. states and has shown positive revenue growth, strong net margin, and ROE, with effective asset utilization and prudent debt management.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

Stifel analyst Steven Wieczynski has downgraded Boyd Gaming (NYSE:BYD) from Buy to Hold and set a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:02 pm

Boyd Gaming (NYSE:BYD) has announced a quarterly dividend of 16 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on January 15, 2024. The stock is expected to open 16 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm

Boyd Gaming (NYSE:BYD) has received various analyst ratings over the last quarter, with 1 bullish, 3 somewhat bullish, and 3 indifferent ratings. The average 12-month price target from 7 analysts is $73.57, which is a 4.24% decrease from the previous target of $76.83. Ratings are based on research and analysis by financial analysts, who may adjust their ratings each quarter based on company performance and market conditions.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 12:00 pm

Barclays analyst Brandt Montour has downgraded Boyd Gaming (NYSE:BYD) from Overweight to Equal-Weight and reduced the price target from $71 to $66.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 10:44 am

Boyd Gaming has announced the immediate promotions of four senior executives. Steve Thompson is now Chief Administrative Officer, Steve Schutte takes over as EVP, Operations for Nevada, Ted Bogich is promoted to Chief Operating Officer, and Ward Shaw steps into the role of EVP, Operations for the Midwest & South region.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:02 pm

The article identifies five value stocks in the consumer cyclical sector based on their low P/E ratios, suggesting they may be undervalued. Boyd Gaming, Digital Brands Group, Meritage Homes, Oxford Industries, and M.D.C. Holdings are highlighted with their respective P/E ratios and recent financial performance, including changes in earnings per share and dividend yields. The article notes that while value stocks may be poised for a rebound, there is a risk they may not realize their potential value.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 2:44 pm

Within the last quarter, Boyd Gaming (NYSE:BYD) received 6 analyst ratings, with 1 bullish, 3 somewhat bullish, and 2 indifferent. No bearish or somewhat bearish ratings were given. The average 12-month price target for Boyd Gaming is $74.83, with a high of $84.00 and a low of $67.00. This average price target represents a 4.06% decrease from the previous average of $78.00. Analysts use various methods, including company data and insider conversations, to determine their ratings.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 7:00 pm

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