115,234 Shares in Boyd Gaming Co. (NYSE:BYD) Acquired by J. Goldman & Co LP

J. Goldman & Co LP acquired a new position in Boyd Gaming Co. (NYSE:BYD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 115,234 shares of the company's stock, valued at approximately $8,359,000. J. Goldman & Co LP owned about 0.13% of Boyd Gaming as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BYD. Gotham Asset Management LLC grew its holdings in shares of Boyd Gaming by 9.2% during the fourth quarter. Gotham Asset Management LLC now owns 249,084 shares of the company's stock worth $18,069,000 after buying an additional 21,022 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Boyd Gaming in the 4th quarter valued at $3,144,000. CoreCap Advisors LLC raised its stake in Boyd Gaming by 91.0% in the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after purchasing an additional 273 shares during the last quarter. Caption Management LLC grew its holdings in Boyd Gaming by 1,742.6% in the 4th quarter. Caption Management LLC now owns 55,850 shares of the company's stock valued at $4,051,000 after buying an additional 59,250 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Boyd Gaming by 247.3% during the 4th quarter. Cetera Investment Advisers now owns 15,976 shares of the company's stock worth $1,159,000 after purchasing an additional 11,376 shares during the period. Hedge funds and other institutional investors own 76.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BYD shares. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Truist Financial decreased their price objective on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. StockNews.com cut Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Susquehanna boosted their price target on Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a research note on Friday, April 25th. Finally, Stifel Nicolaus reduced their price objective on Boyd Gaming from $82.00 to $71.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Boyd Gaming currently has an average rating of "Moderate Buy" and a consensus target price of $95.07.

Boyd Gaming Stock Performance

Shares of NYSE:BYD traded down $0.63 during midday trading on Thursday, reaching $75.45. The company had a trading volume of 491,058 shares, compared to its average volume of 949,132. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The stock has a market cap of $6.14 billion, a P/E ratio of 12.13, a P/E/G ratio of 4.46 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The company's 50 day moving average price is $67.41 and its 200 day moving average price is $71.70.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The company had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. During the same quarter last year, the firm posted $1.51 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio is currently 11.75%.

Insider Buying and Selling at Boyd Gaming

In related news, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the completion of the transaction, the director now directly owns 4,852 shares of the company's stock, valued at $365,258.56. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the sale, the director now directly owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.94% of the stock is currently owned by corporate insiders.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.