Stifel Financial Corp Buys 11,470 Shares of Boyd Gaming Co. (NYSE:BYD)

Stifel Financial Corp raised its stake in Boyd Gaming Co. (NYSE:BYD - Free Report) by 58.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,169 shares of the company's stock after purchasing an additional 11,470 shares during the period. Stifel Financial Corp's holdings in Boyd Gaming were worth $2,261,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Cohen & Steers Inc. grew its holdings in shares of Boyd Gaming by 0.4% during the fourth quarter. Cohen & Steers Inc. now owns 5,265,454 shares of the company's stock valued at $381,929,000 after purchasing an additional 21,616 shares during the last quarter. Boston Partners lifted its stake in Boyd Gaming by 36.9% in the fourth quarter. Boston Partners now owns 3,955,544 shares of the company's stock valued at $287,185,000 after buying an additional 1,065,887 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Boyd Gaming by 51.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock valued at $94,074,000 after purchasing an additional 441,963 shares during the period. Charles Schwab Investment Management Inc. grew its position in Boyd Gaming by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,973 shares of the company's stock worth $70,725,000 after purchasing an additional 3,052 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Boyd Gaming by 37.2% during the fourth quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock valued at $69,932,000 after buying an additional 261,443 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Price Performance

Shares of NYSE BYD traded up $0.67 during midday trading on Thursday, reaching $71.58. 663,896 shares of the company traded hands, compared to its average volume of 951,414. The stock's 50-day simple moving average is $67.23 and its 200-day simple moving average is $71.40. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50. The firm has a market cap of $5.91 billion, a PE ratio of 11.51, a PEG ratio of 4.46 and a beta of 1.32. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

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

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.01%. Boyd Gaming's payout ratio is 11.75%.

Insider Buying and Selling at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the sale, the director now directly owns 4,852 shares of the company's stock, valued at approximately $365,258.56. This represents a 18.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William R. Boyd sold 15,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares in the company, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,125 shares of company stock valued at $5,158,490. Company insiders own 21.97% of the company's stock.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of analyst reports. StockNews.com lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Susquehanna raised their target price on shares of Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Mizuho dropped their price target on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their price objective on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Boyd Gaming has a consensus rating of "Moderate Buy" and a consensus price target of $95.07.

About Boyd Gaming

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.