Boyd Gaming Corporation (NYSE:BYD) shares were up 2.51% on Wednesday when approximately 2.10M shares were traded, against the average daily trading volume of 1.13M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Boyd Gaming Corporation (NYSE:BYD) has a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 4 have assigned a hold rating, 1 says it’s a buy, and 7 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $22.00 in the 12-month period. The price objective is 5.62% higher than the recent closing price of $20.83. The 52-week price range is $14.22-$21.58 and the company has a market capitalization of $2.34 billion.
Boyd Gaming Corporation (BYD) on January 19, 2017 announced the completion of its $45 million expansion project at Delta Downs Racetrack Casino Hotel.
“Throughout Boyd Gaming’s 16 years of ownership, Delta Downs has consistently been one of our most successful and popular properties,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming. “This ambitious expansion is a reinvestment in our customers and this community, one that will elevate and enhance the Delta Downs experience while allowing us to host more customers than ever before.”
The centerpiece of the expansion project is an all-new, 167-room hotel tower, completed in late 2016. The property’s original 200-room hotel tower also received a complete redesign.
All 367 rooms feature a luxurious and modern feel, with dark wood textures, chocolate and smoky grey color palettes, and abstract modern art. Also located in the new hotel tower, a 5,000-square-foot fitness center is well-appointed with a broad range of exercise equipment, studio space for fitness classes and locker rooms with wet and dry steam treatment areas.
Outside, guests can relax by the pool in a well-appointed cabana or day bed, enjoying an entertaining atmosphere enhanced by a state-of-the-art sound system, outdoor bar and barbeque pit.
Earlier last year, Delta Downs also premiered a new dining concept – Rosewater Grill & Tavern – enhancing the property’s dining offerings with a sleek, sophisticated new steakhouse experience. Rosewater offers incomparable views of the Delta Downs racetrack, a unique menu of steak and seafood delivered with Louisiana flair.
The Delta Downs expansion is part of an ongoing effort to enhance amenities at Boyd Gaming properties across the country. For more information on this and other projects, visit BoydGaming.com/Amenities.
