Integrated Advisors Network LLC Buys New Position in Boyd Gaming Corporation (NYSE:BYD)

Integrated Advisors Network LLC purchased a new stake in shares of Boyd Gaming Corporation (NYSE:BYD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,507 shares of the company's stock, valued at approximately $758,000.

A number of other large investors also recently modified their holdings of BYD. CoreCap Advisors LLC boosted its stake in Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after buying an additional 273 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Boyd Gaming by 2.0% during the first quarter. Yousif Capital Management LLC now owns 14,016 shares of the company's stock valued at $923,000 after buying an additional 278 shares in the last quarter. GAMMA Investing LLC boosted its stake in Boyd Gaming by 68.0% during the first quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $51,000 after buying an additional 313 shares in the last quarter. US Bancorp DE boosted its position in shares of Boyd Gaming by 13.6% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the company's stock valued at $213,000 after purchasing an additional 353 shares during the period. Finally, Keybank National Association OH boosted its position in shares of Boyd Gaming by 2.6% in the 4th quarter. Keybank National Association OH now owns 14,039 shares of the company's stock valued at $1,018,000 after purchasing an additional 362 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BYD has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on 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. Mizuho reduced their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Macquarie restated a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a research note on Friday, April 25th. Finally, Truist Financial reduced their target price on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.08.

Boyd Gaming Trading Up 0.5%

Boyd Gaming stock traded up $0.41 during mid-day trading on Tuesday, hitting $75.16. The stock had a trading volume of 937,936 shares, compared to its average volume of 926,312. The stock has a 50-day simple moving average of $71.31 and a two-hundred day simple moving average of $72.11. The stock has a market capitalization of $6.12 billion, a PE ratio of 12.26, a P/E/G ratio of 0.95 and a beta of 1.26. Boyd Gaming Corporation has a 12 month low of $51.62 and a 12 month high of $80.50. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The firm had revenue of $991.57 million for the quarter, compared to analyst estimates of $976.38 million. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company's quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.96%. 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.