Boyd Gaming Co. (NYSE:BYD – Get Rating) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 17,539 put options on the company. This is an increase of approximately 1,420% compared to the average volume of 1,154 put options.
Wall Street Analyst Weigh In
BYD has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Boyd Gaming from $84.00 to $73.00 in a research report on Wednesday, July 27th. KeyCorp set a $70.00 price target on Boyd Gaming in a research report on Tuesday, July 19th. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 26th. Truist Financial dropped their target price on shares of Boyd Gaming from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Finally, Barclays began coverage on shares of Boyd Gaming in a report on Tuesday, June 28th. They issued an “overweight” rating and a $63.00 price target on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $75.36.
Boyd Gaming Trading Down 0.9 %
NYSE BYD traded down $0.48 during trading hours on Tuesday, hitting $52.23. 12,849 shares of the company’s stock were exchanged, compared to its average volume of 957,840. The business’s 50 day moving average is $54.84 and its 200-day moving average is $57.65. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.74 and a current ratio of 0.78. Boyd Gaming has a 12-month low of $47.66 and a 12-month high of $72.72. The firm has a market capitalization of $5.72 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 1.85.
Boyd Gaming (NYSE:BYD – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.10. Boyd Gaming had a net margin of 16.03% and a return on equity of 40.76%. During the same quarter last year, the company posted $1.54 EPS. As a group, analysts anticipate that Boyd Gaming will post 5.5 EPS for the current fiscal year.
Boyd Gaming Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, September 29th. Boyd Gaming’s payout ratio is currently 12.12%.
Institutional Trading of Boyd Gaming
A number of institutional investors have recently added to or reduced their stakes in BYD. Whittier Trust Co. acquired a new position in shares of Boyd Gaming during the first quarter worth about $27,000. Lazard Asset Management LLC boosted its holdings in Boyd Gaming by 1,588.2% in the 2nd quarter. Lazard Asset Management LLC now owns 574 shares of the company’s stock worth $28,000 after acquiring an additional 540 shares during the period. Geneos Wealth Management Inc. grew its position in Boyd Gaming by 50.0% in the second quarter. Geneos Wealth Management Inc. now owns 600 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Spire Wealth Management acquired a new stake in Boyd Gaming in the second quarter valued at approximately $30,000. Finally, Prospera Financial Services Inc purchased a new stake in shares of Boyd Gaming during the first quarter valued at approximately $33,000. 92.40% of the stock is owned by hedge funds and other institutional investors.
About Boyd Gaming
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Boyd Gaming (BYD)
- Has AMD stock stock fallen too far?
- Oracle’s Short-Term Pain Could Be Your Long-Term Gain
- Lucid is Looking Like a Clear EV Winner
- Still Lovin’ It: Investors Keep Visiting McDonald’s
- Did FedEx Just Deliver A Buying Opportunity?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1,000 in Boyd Gaming right now?
Before you consider Boyd Gaming, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Boyd Gaming wasn’t on the list.
While Boyd Gaming currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
from
https://dentoncountynewsonline.com/boyd-gaming-sees-unusually-high-options-volume-nysebyd-marketbeat/
No comments:
Post a Comment