American Century Companies Inc. Sells 108,173 Shares of Boyd Gaming Corporation $BYD

Key Points

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American Century Companies Inc. lowered its position in Boyd Gaming Corporation (NYSE:BYD - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,085,857 shares of the company's stock after selling 108,173 shares during the period. American Century Companies Inc. owned about 1.33% of Boyd Gaming worth $71,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BYD. Louisiana State Employees Retirement System boosted its holdings in shares of Boyd Gaming by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the company's stock valued at $1,224,000 after purchasing an additional 200 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Boyd Gaming by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 47,753 shares of the company's stock valued at $3,143,000 after purchasing an additional 205 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Boyd Gaming by 7.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,000 shares of the company's stock valued at $263,000 after purchasing an additional 265 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Boyd Gaming by 28.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,210 shares of the company's stock valued at $80,000 after purchasing an additional 265 shares during the last quarter. Finally, Choreo LLC boosted its holdings in shares of Boyd Gaming by 0.9% during the 1st quarter. Choreo LLC now owns 30,164 shares of the company's stock valued at $1,991,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 76.81% of the company's stock.

Boyd Gaming Stock Up 0.4%

Shares of NYSE BYD opened at $83.07 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market cap of $6.66 billion, a P/E ratio of 12.78, a PEG ratio of 2.34 and a beta of 1.24. Boyd Gaming Corporation has a 1 year low of $57.67 and a 1 year high of $87.76. The firm has a 50-day simple moving average of $80.98 and a two-hundred day simple moving average of $74.58.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.20. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $976.81 million. Boyd Gaming had a net margin of 14.02% and a return on equity of 40.65%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. Research analysts anticipate that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

Boyd Gaming Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.72 annualized dividend and a yield of 0.9%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.08%.

Analysts Set New Price Targets

BYD has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Boyd Gaming in a report on Monday, June 23rd. They set a "neutral" rating and a $79.00 price objective for the company. Barclays increased their price objective on shares of Boyd Gaming from $73.00 to $87.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Morgan Stanley reaffirmed a "sell" rating on shares of Boyd Gaming in a report on Friday, July 11th. Raymond James Financial increased their price target on shares of Boyd Gaming from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Mizuho increased their price target on shares of Boyd Gaming from $86.00 to $89.00 and gave the company an "outperform" rating in a report on Friday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $86.62.

Insider Activity

In related news, insider Stephen S. Thompson sold 15,906 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $83.25, for a total value of $1,324,174.50. Following the completion of the sale, the insider owned 38,609 shares in the company, valued at approximately $3,214,199.25. The trade was a 29.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Boyd sold 9,774 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $81.61, for a total value of $797,656.14. Following the completion of the sale, the director owned 15,188 shares of the company's stock, valued at $1,239,492.68. The trade was a 39.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,403 shares of company stock worth $12,174,196 in the last ninety days. 21.97% of the stock is currently owned by company insiders.

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.

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