Boyd Gaming (BYD) Price Target Increased to $47.00 by Analysts at Deutsche Bank

Boyd Gaming (NYSE:BYD) had its target price increased by Deutsche Bank to $47.00 in a report released on Monday morning. Deutsche Bank currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Boyd Gaming from a hold rating to a buy rating and set a $40.00 price objective on the stock in a research note on Tuesday, January 9th. Stifel Nicolaus raised their price objective on shares of Boyd Gaming from $28.00 to $30.00 and gave the company a hold rating in a research note on Friday, October 27th. ValuEngine cut shares of Boyd Gaming from a buy rating to a hold rating in a research note on Friday, December 1st. SunTrust Banks reaffirmed a buy rating and issued a $27.00 price objective on shares of Boyd Gaming in a research note on Tuesday, October 24th. Finally, Argus began coverage on shares of Boyd Gaming in a research note on Wednesday, January 17th. They issued a buy rating and a $44.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $32.93.

Boyd Gaming (NYSE BYD) opened at $37.06 on Monday. Boyd Gaming has a 52 week low of $19.39 and a 52 week high of $40.44. The stock has a market cap of $4,339.21, a P/E ratio of 35.63 and a beta of 1.87. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 2.95.

The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Thursday, December 28th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Boyd Gaming’s dividend payout ratio is 19.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its position in shares of Boyd Gaming by 177.8% during the fourth quarter. Strs Ohio now owns 5,000 shares of the company’s stock worth $175,000 after purchasing an additional 3,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Boyd Gaming by 33.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock worth $195,000 after purchasing an additional 1,392 shares in the last quarter. Fortaleza Asset Management Inc. boosted its position in shares of Boyd Gaming by 80.7% during the third quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock worth $147,000 after purchasing an additional 2,515 shares in the last quarter. Creative Planning bought a new position in shares of Boyd Gaming during the fourth quarter worth $206,000. Finally, Miles Capital Inc. bought a new position in shares of Boyd Gaming during the fourth quarter worth $213,000. 75.91% of the stock is currently owned by institutional investors.

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Boyd Gaming Company Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

Analyst Recommendations for Boyd Gaming (NYSE:BYD)

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