In today’s recent session, 0.72 million shares of the Boyd Gaming Corporation (NYSE:BYD) have been traded, and its beta is 2.10. Most recently the company’s share price was $67.36, and it changed around $0.61 or 0.91% from the last close, which brings the market valuation of the company to $7.54B. BYD at last check was trading at a discount to its 52-week high of $71.00, offering almost -5.4% off that amount. The share price’s 52-week low was $30.30, which indicates that the recent value has risen by an impressive 55.02% since then. We note from Boyd Gaming Corporation’s average daily trading volume that its 10-day average is 1.03 million shares, with the 3-month average coming to 1.19 million.
Boyd Gaming Corporation stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended BYD as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Boyd Gaming Corporation is expected to report earnings per share of $1.25 for the current quarter.
Boyd Gaming Corporation (NYSE:BYD) trade information
Instantly BYD has been showing a green trend so far today with a performance of 0.91% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 68.10 on Tuesday, 10/12/21 increased the stock’s daily price by 1.09%. The company’s shares are currently up 55.52% year-to-date, but still up 2.91% over the last five days. On the other hand, Boyd Gaming Corporation (NYSE:BYD) is 14.08% up in the 30-day period. We can see from the shorts that 2.92 million shares have been sold at a short interest cover period of 2.35 day(s).
The consensus price target as assigned by Wall Street analysts is $82.40, which translates to bulls needing to increase their stock price by 18.25% from its current value. Analyst projections state that BYD is forecast to be at a low of $70.00 and a high of $92.00. In order for the stock price to hit the forecast high, the stock would need to plunge -36.58% from its current level, while the stock would need to crash -3.92% from its current level to reach the projected low.
Boyd Gaming Corporation (BYD) estimates and forecasts
Boyd Gaming Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 4.10 percent over the past six months and at a 3,220.00% annual growth rate that is well above the industry average of 22.00%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 228.90% in revenue this quarter, and will report an increase of 152.20% in the next quarter. The year-over-year growth rate is expected to be 52.20%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $837.71 million in revenue for the current quarter. 8 analysts expect Boyd Gaming Corporation to make $827.5 million in revenue for the quarter ending Dec 2021. Forecasts for the next quarter put sales growth at 30.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 17.91%. Boyd Gaming Corporation earnings are expected to increase by -185.80% in 2021, but the outlook is positive 10.82% per year for the next five years.
Boyd Gaming Corporation’s next quarterly earnings report is expected to be released around October 25 and October 29.
Boyd Gaming Corporation (NYSE:BYD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.90% of Boyd Gaming Corporation shares, and 65.92% of them are in the hands of institutional investors. The stock currently has a share float of 90.17%. Boyd Gaming Corporation stock is held by 414 institutions, with Cohen & Steers Inc. being the largest institutional investor. By Jun 29, 2021, it held 6.90% of the shares, which is about 7.74 million shares worth $475.96 million.
Vanguard Group, Inc. (The), with 6.68% or 7.49 million shares worth $460.78 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Mar 30, 2021. The former held 2.2 million shares worth $129.57 million, making up 1.96% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 2.17 million shares worth around $133.41 million, which represents about 1.93% of the total shares outstanding.