With legalized sports gambling in the U.S. about to become a reality in many states, regional casino operator Boyd Gaming (NYSE:BYD) is gearing up to go on a spending spree. It just increased a debt offering from $500 million to $700 million and says a portion of the proceeds will be used for acquisitions.
Boyd hasn’t exactly been reticent when it comes to making acquisitions, and today owns or operates 24 gaming properties in seven states. Last December, it entered into an agreement with Penn National Gaming (NASDAQ:PENN) to buy four properties after Penn closes on its acquisition of Pinnacle Entertainment, and then two days later agreed to acquire Valley Forge Casino Resort in King of Prussia, Pennsylvania. Earlier this month it completed its acquisition of Lattner Entertainment, a bar and tavern gaming operator with some 220 locations across Illinois.
Boyd is also well established in the sports wagering market, having one of the largest sports books in Nevada, where betting on sports has been legal for decades. Boyd Gaming stands to be one of the big winners from the Supreme Court ruling because of its extensive experience and broad network of regional casinos that will bring sports gambling closer to more people.
Top Casino Stocks To Watch Right Now: PPL Corporation(PPL)
- [By Reuben Gregg Brewer]
That’s why investors would be better off investing in high-yielding Duke Energy Corporation (NYSE:DUK) or PPL Corporation (NYSE:PPL). Here’s what you need to know to decide.
- [By ]
If this is, indeed, the case, investors have a handful of high quality names at attractive prices to choose from. One that has popped up on my radar is PPL Corporation (NYSE: PPL).
- [By Shane Hupp]
PPL (NYSE:PPL) and IDACORP (NYSE:IDA) are both utilities companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, earnings, risk, valuation, profitability and analyst recommendations.
Top Casino Stocks To Watch Right Now: B&G Foods, Inc.(BGS)
- [By Max Byerly]
Macquarie Group Ltd. purchased a new stake in B&G Foods, Inc. (NYSE:BGS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,200 shares of the company’s stock, valued at approximately $185,000.
- [By Max Byerly]
B&G Foods (NYSE:BGS) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $34.38.
- [By ]
B&G Foods (BGS) : “No, we’re going to stay away. This group is a snake pit.”
Masco (MAS) : “I like Masco. We have a housing shortage and that’s good for Masco.”
- [By Ethan Ryder]
A number of research firms recently commented on BGS. BMO Capital Markets decreased their target price on B&G Foods from $33.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday. Barclays reaffirmed a “hold” rating and set a $23.00 target price on shares of B&G Foods in a report on Thursday. Zacks Investment Research raised B&G Foods from a “sell” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine downgraded B&G Foods from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group decreased their target price on B&G Foods from $23.00 to $19.00 and set an “underperform” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. B&G Foods currently has a consensus rating of “Hold” and an average price target of $29.28.
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B&G Foods Profile
- [By Motley Fool Transcribing]
B & G Foods (NYSE:BGS) Q4 2018 Earnings Conference CallFeb. 26, 2019 4:30 p.m. ET
Prepared Remarks Questions and Answers Call Participants
Top Casino Stocks To Watch Right Now: First Citizens BancShares, Inc.(FCNCA)
- [By Stephan Byrd]
Capital City Bank Group (NASDAQ: CCBG) and First Citizens BancShares (NASDAQ:FCNCA) are both finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, dividends, risk, institutional ownership, earnings and analyst recommendations.
- [By Max Byerly]
American Century Companies Inc. reduced its holdings in First Citizens BancShares (NASDAQ:FCNCA) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,209 shares of the bank’s stock after selling 1,294 shares during the quarter. American Century Companies Inc. owned about 0.26% of First Citizens BancShares worth $12,897,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Bessemer Group Inc. reduced its position in First Citizens BancShares Inc. (NASDAQ:FCNCA) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the bank’s stock after selling 300 shares during the quarter. Bessemer Group Inc.’s holdings in First Citizens BancShares were worth $1,659,000 as of its most recent SEC filing.
- [By Logan Wallace]
First Citizens BancShares Inc. Class A (NASDAQ:FCNCA) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.