Graham Capital Management L.P. Invests $3.14 Million in Boyd Gaming Co. (NYSE:BYD)

Graham Capital Management L.P. acquired a new position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 43,344 shares of the company's stock, valued at approximately $3,144,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after buying an additional 175 shares during the period. GAMMA Investing LLC raised its stake in shares of Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Boyd Gaming by 91.0% in the fourth 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 period. Wilmington Savings Fund Society FSB acquired a new stake in Boyd Gaming during the 3rd quarter valued at $64,000. Finally, Golden State Wealth Management LLC purchased a new stake in Boyd Gaming during the 4th quarter worth $67,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BYD. Macquarie restated a "neutral" rating and set a $74.00 target price on shares of Boyd Gaming in a research note on Friday, April 25th. Mizuho decreased their price target on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays dropped their price target on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus decreased their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set a "hold" rating for the company in a report on Friday, April 25th. Finally, Susquehanna increased their price target on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research report 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.07.

Insider Activity

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the sale, the director now owns 4,852 shares in the company, valued at approximately $365,258.56. The trade was a 18.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of Boyd Gaming stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the transaction, the director now owns 1,472,970 shares in the company, valued at approximately $116,835,980.40. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.94% of the company's stock.

Boyd Gaming Stock Performance

NYSE BYD traded up $0.13 during trading hours on Friday, hitting $75.55. The company had a trading volume of 239,694 shares, compared to its average volume of 946,352. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The firm has a market cap of $6.15 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $80.50. The business has a fifty day simple moving average of $67.59 and a 200-day simple moving average of $71.73.

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

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, June 16th. Boyd Gaming's payout ratio is 11.75%.

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.