Fintel reports that on January 3, 2025, Jefferies upgraded their outlook for Boyd Gaming (NYSE:BYD) from Hold to Buy.
Analyst Price Forecast Suggests 8.73% Upside
As of December 23, 2024, the average one-year price target for Boyd Gaming is $78.10/share. The forecasts range from a low of $69.69 to a high of $89.25. The average price target represents an increase of 8.73% from its latest reported closing price of $71.83 / share.
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The projected annual revenue for Boyd Gaming is 3,560MM, a decrease of 7.38%. The projected annual non-GAAP EPS is 5.62.
What is the Fund Sentiment?
There are 740 funds or institutions reporting positions in Boyd Gaming. This is an decrease of 31 owner(s) or 4.02% in the last quarter. Average portfolio weight of all funds dedicated to BYD is 0.22%, an increase of 0.61%. Total shares owned by institutions increased in the last three months by 0.65% to 82,431K shares. 
The put/call ratio of BYD is 1.04, indicating a bearish outlook.
What are Other Shareholders Doing?
Cohen & Steers holds 5,244K shares representing 5.93% ownership of the company. In its prior filing, the firm reported owning 6,190K shares , representing a decrease of 18.05%. The firm decreased its portfolio allocation in BYD by 15.63% over the last quarter.
Ariel Investments holds 3,185K shares representing 3.60% ownership of the company. In its prior filing, the firm reported owning 3,032K shares , representing an increase of 4.82%. The firm increased its portfolio allocation in BYD by 12.32% over the last quarter.
HG Vora Capital Management holds 3,000K shares representing 3.39% ownership of the company. In its prior filing, the firm reported owning 4,000K shares , representing a decrease of 33.33%. The firm decreased its portfolio allocation in BYD by 0.69% over the last quarter.
Boston Partners holds 2,890K shares representing 3.27% ownership of the company. In its prior filing, the firm reported owning 2,306K shares , representing an increase of 20.20%. The firm decreased its portfolio allocation in BYD by 43.16% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,147K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 2,095K shares , representing an increase of 2.42%. The firm increased its portfolio allocation in BYD by 9.82% over the last quarter.
Boyd Gaming Background Information
(This description is provided by the company.)
Founded in 1975, Boyd Gaming Corporation is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation's leading sports-betting and iGaming operator. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.
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