Oppenheimer & Co. Inc. Purchases Shares of 9,083 Boyd Gaming Corporation (NYSE:BYD)

Oppenheimer & Co. Inc. purchased a new stake in Boyd Gaming Corporation (NYSE:BYD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,083 shares of the company's stock, valued at approximately $598,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CoreCap Advisors LLC lifted 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 worth $42,000 after buying an additional 273 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Boyd Gaming by 68.0% in the first quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $51,000 after buying an additional 313 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Boyd Gaming by 156.0% in the first quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock worth $66,000 after buying an additional 613 shares during the last quarter. Investment Counsel Co. of Nevada acquired a new stake in shares of Boyd Gaming in the fourth quarter worth $73,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Boyd Gaming in the fourth quarter worth $109,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Boyd Gaming Stock Performance

NYSE BYD traded up $0.18 during trading on Friday, reaching $81.57. The company's stock had a trading volume of 451,233 shares, compared to its average volume of 912,616. The firm has a 50 day moving average price of $74.71 and a 200 day moving average price of $72.48. Boyd Gaming Corporation has a 12 month low of $52.76 and a 12 month high of $82.21. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 2.94 and a beta of 1.26.

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. Boyd Gaming had a net margin of 13.96% and a return on equity of 38.34%. The company had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. During the same quarter in the prior year, the firm posted $1.51 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities analysts anticipate that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 0.88%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio is 11.75%.

Analysts Set New Price Targets

BYD has been the subject of a number of analyst reports. Macquarie restated a "neutral" rating and issued a $74.00 price objective on shares of Boyd Gaming in a research note on Friday, April 25th. Truist Financial reduced their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Barclays reduced 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 report on Tuesday, April 22nd. Raymond James Financial increased their price objective on shares of Boyd Gaming from $81.00 to $85.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Morgan Stanley cut their price target on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Boyd Gaming has an average rating of "Moderate Buy" and a consensus price target of $80.38.

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.