Deutsche Bank AG Sells 106,114 Shares of Boyd Gaming Co. (NYSE:BYD)

Deutsche Bank AG decreased its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 34.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,768 shares of the company's stock after selling 106,114 shares during the period. Deutsche Bank AG owned 0.23% of Boyd Gaming worth $14,926,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. UMB Bank n.a. boosted its position in Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after purchasing an additional 175 shares during the period. CoreCap Advisors LLC boosted its position in shares of Boyd Gaming by 91.0% in the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after buying an additional 273 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Boyd Gaming in the fourth quarter worth about $67,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Boyd Gaming in the fourth quarter valued at about $73,000. Finally, Allworth Financial LP raised its holdings in shares of Boyd Gaming by 2,735.1% during the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock valued at $79,000 after buying an additional 1,012 shares during the period. Hedge funds and other institutional investors own 76.81% of the company's stock.

Insider Buying and Selling at Boyd Gaming

In related 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 completion of the transaction, the director now owns 4,852 shares of the company's stock, valued at $365,258.56. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the director now owns 1,472,970 shares in the company, 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. Insiders own 27.94% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BYD. JPMorgan Chase & Co. increased their price objective on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Susquehanna lifted their price target on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research note on Friday, April 25th. JMP Securities reiterated a "market perform" rating on shares of Boyd Gaming in a report on Friday, February 7th. Wells Fargo & Company raised their target price on Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Barclays cut their price target on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Boyd Gaming has a consensus rating of "Moderate Buy" and an average target price of $78.69.

Boyd Gaming Stock Performance

Shares of BYD traded down $1.21 during mid-day trading on Monday, reaching $74.70. 847,316 shares of the company's stock traded hands, compared to its average volume of 948,134. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The business's 50-day moving average price is $67.78 and its 200-day moving average price is $71.79. The stock has a market capitalization of $6.08 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The firm had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. During the same quarter in the prior year, the firm posted $1.51 EPS. Boyd Gaming's revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

Boyd Gaming 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.