Weekly Analysts’ Ratings Changes for Boyd Gaming (BYD)

Posted by Donald Scott on Feb 14th, 2025

Several analysts have recently updated their ratings and price targets for Boyd Gaming (NYSE: BYD):

2/11/2025 – Boyd Gaming was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
2/7/2025 – Boyd Gaming had its price target raised by analysts at Wells Fargo & Company from $82.00 to $88.00. They now have an “overweight” rating on the stock.
2/7/2025 – Boyd Gaming had its price target raised by analysts at Mizuho from $79.00 to $86.00. They now have an “outperform” rating on the stock.
2/7/2025 – Boyd Gaming had its “market perform” rating reaffirmed by analysts at JMP Securities.
2/7/2025 – Boyd Gaming had its price target raised by analysts at Stifel Nicolaus from $74.00 to $82.00. They now have a “hold” rating on the stock.
2/7/2025 – Boyd Gaming had its price target raised by analysts at Barclays PLC from $74.00 to $78.00. They now have an “equal weight” rating on the stock.
2/4/2025 – Boyd Gaming had its price target raised by analysts at Susquehanna from $69.00 to $77.00. They now have a “neutral” rating on the stock.
2/4/2025 – Boyd Gaming had its price target raised by analysts at Truist Financial Co. from $85.00 to $88.00. They now have a “buy” rating on the stock.
1/24/2025 – Boyd Gaming had its price target raised by analysts at JPMorgan Chase & Co. from $74.00 to $80.00. They now have a “neutral” rating on the stock.
1/24/2025 – Boyd Gaming had its price target raised by analysts at Barclays PLC from $71.00 to $74.00. They now have an “equal weight” rating on the stock.
1/16/2025 – Boyd Gaming had its “market perform” rating reaffirmed by analysts at JMP Securities.
1/14/2025 – Boyd Gaming had its price target raised by analysts at Truist Financial Co. from $77.00 to $85.00. They now have a “buy” rating on the stock.
1/3/2025 – Boyd Gaming was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock, up previously from $73.00.
12/17/2024 – Boyd Gaming was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock.

Boyd Gaming Trading Up 1.5 %

Shares of BYD stock opened at $78.11 on Friday. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $80.50. The firm has a market cap of $6.90 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 4.38 and a beta of 1.54. The company has a 50-day moving average of $74.33 and a two-hundred day moving average of $68.00. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming (NYSE:BYD – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. On average, analysts predict that Boyd Gaming Co. will post 6.57 EPS for the current year.

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.87%. Boyd Gaming’s payout ratio is presently 10.93%.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the completion of the transaction, the chairman now directly owns 1,346,628 shares of the company’s stock, valued at $104,606,063.04. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine J. Spadafor sold 660 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $75.68, for a total transaction of $49,948.80. Following the sale, the director now directly owns 5,977 shares in the company, valued at $452,339.36. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,660 shares of company stock worth $8,251,549. 27.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boyd Gaming

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BYD. Sanctuary Advisors LLC raised its stake in shares of Boyd Gaming by 25.3% in the third quarter. Sanctuary Advisors LLC now owns 47,369 shares of the company’s stock valued at $3,062,000 after acquiring an additional 9,565 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Boyd Gaming by 11,891.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company’s stock valued at $4,016,000 after purchasing an additional 61,599 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Boyd Gaming in the 3rd quarter valued at about $7,101,000. Quadrature Capital Ltd grew its position in shares of Boyd Gaming by 201.3% during the third quarter. Quadrature Capital Ltd now owns 49,951 shares of the company’s stock worth $3,229,000 after buying an additional 33,374 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.