Boyd Gaming Corp (NYSE:BYD) Sentiment Increased, Despite

January 19, 2018 - By Winifred Garcia

 Boyd Gaming Corp (NYSE:BYD) Sentiment  Increased,  Despite

Sentiment for Boyd Gaming Corp (NYSE:BYD)

Boyd Gaming Corp (NYSE:BYD) institutional sentiment increased to 1.11 in Q3 2017. Its up 0.03, from 1.08 in 2017Q2. The ratio improved, as 92 institutional investors increased or opened new equity positions, while 83 sold and reduced stakes in Boyd Gaming Corp. The institutional investors in our partner’s database now own: 84.97 million shares, up from 83.26 million shares in 2017Q2. Also, the number of institutional investors holding Boyd Gaming Corp in their top 10 equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 21 Reduced: 62 Increased: 56 New Position: 36.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company has market cap of $4.18 billion. It operates through three divisions: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It has a 36.11 P/E ratio. The firm owns and operates 24 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

The stock decreased 0.13% or $0.05 during the last trading session, reaching $37.16. About 689,670 shares traded. Boyd Gaming Corporation (NYSE:BYD) has risen 35.92% since January 19, 2017 and is uptrending. It has outperformed by 19.22% the S&P500.

Analysts await Boyd Gaming Corporation (NYSE:BYD) to report earnings on February, 13. They expect $0.24 earnings per share, down 36.84 % or $0.14 from last year’s $0.38 per share. BYD’s profit will be $26.99M for 38.71 P/E if the $0.24 EPS becomes a reality. After $0.22 actual earnings per share reported by Boyd Gaming Corporation for the previous quarter, Wall Street now forecasts 9.09 % EPS growth.

Hoplite Capital Management L.P. holds 3.21% of its portfolio in Boyd Gaming Corporation for 1.94 million shares. Highline Capital Management L.P. owns 4.26 million shares or 3.15% of their US portfolio. Moreover, Par Capital Management Inc has 2.74% invested in the company for 9.26 million shares. The New York-based Lomas Capital Management Llc has invested 2.29% in the stock. Cookson Peirce & Co Inc, a Pennsylvania-based fund reported 476,740 shares.#img1#

Since January 1, 0001, it had 0 buys, and 3 sales for $1.52 million activity.

Boyd Gaming Corporation (NYSE:BYD) Ratings Coverage

Ratings analysis reveals 78% of Boyd Gaming Corporation’s analysts are positive. Out of 18 Wall Street analysts rating Boyd Gaming Corporation, 14 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $44. The stock’s average target of $29.69 is -20.10% below today’s ($37.16) share price. BYD was included in 37 notes of analysts from July 28, 2015. Imperial Capital maintained the shares of BYD in report on Thursday, May 4 with “Outperform” rating. Barclays Capital maintained the shares of BYD in report on Tuesday, August 1 with “Equal-Weight” rating. JP Morgan upgraded the stock to “Overweight” rating in Friday, January 8 report. The firm earned “Outperform” rating on Wednesday, May 3 by Telsey Advisory Group. The firm has “Overweight” rating given on Tuesday, January 17 by Morgan Stanley. Buckingham Research initiated the stock with “Buy” rating in Friday, January 27 report. The company was upgraded on Friday, January 5 by Bank of America. The firm has “Neutral” rating given on Tuesday, July 28 by Bank of America. The firm has “Hold” rating given on Friday, June 2 by Bank of America. Sterne Agee CRT upgraded it to “Buy” rating and $22 target in Wednesday, January 27 report.

More notable recent Boyd Gaming Corporation (NYSE:BYD) news were published by: Seekingalpha.com which released: “Argus positive on Boyd Gaming” on January 17, 2018, also Seekingalpha.com with their article: “Boyd Gaming to enter Pennsylvania through new aquisition” published on December 20, 2017, Benzinga.com published: “BofA Bets On Boyd Gaming’s Growth, Potential” on January 05, 2018. More interesting news about Boyd Gaming Corporation (NYSE:BYD) were released by: Nasdaq.com and their article: “Boyd Gaming Corporation (BYD) Ex-Dividend Date Scheduled for December 27, 2017” published on December 26, 2017 as well as Moodys.com‘s news article titled: “Moody’s revises Boyd Gaming’s ratings outlook to stable from positive” with publication date: December 21, 2017.

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