Boyd Gaming Co. (NYSE:BYD) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 411,881 shares of the company's stock after purchasing an additional 4,925 shares during the period. Dimensional Fund Advisors LP owned approximately 0.47% of Boyd Gaming worth $29,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners lifted its holdings in shares of Boyd Gaming by 36.9% in the 4th 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 period. Norges Bank acquired a new position in Boyd Gaming in the fourth quarter valued at approximately $55,553,000. Raymond James Financial Inc. acquired a new stake in shares of Boyd Gaming during the 4th quarter worth approximately $43,273,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Boyd Gaming by 37.2% in the 4th quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock valued at $69,932,000 after purchasing an additional 261,443 shares during the period. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on BYD shares. Mizuho cut their price objective on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial reduced their price target on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus dropped their price objective on Boyd Gaming from $82.00 to $71.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company upped their target price on Boyd Gaming from $82.00 to $88.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, StockNews.com lowered shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Boyd Gaming has an average rating of "Moderate Buy" and an average price target of $95.07.

Insider Activity

In related news, Director William R. Boyd sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine J. Spadafor sold 1,125 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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 trade represents a 18.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,125 shares of company stock valued at $5,158,490 in the last 90 days. Company insiders own 21.97% of the company's stock.

Boyd Gaming Price Performance

Shares of BYD stock traded up $0.47 during trading hours on Friday, reaching $72.04. The company had a trading volume of 820,361 shares, compared to its average volume of 949,427. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $80.50. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 11.58, 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. The stock has a fifty day moving average of $67.18 and a 200-day moving average of $71.45.

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

Boyd Gaming Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 1.00%. 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.