Beacon Financial Group lowered its position in Boyd Gaming Co. (NYSE:BYD - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,312 shares of the company's stock after selling 3,800 shares during the quarter. Beacon Financial Group's holdings in Boyd Gaming were worth $613,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Boyd Gaming by 10,962.4% during the first quarter. GAMMA Investing LLC now owns 50,887 shares of the company's stock worth $3,350,000 after purchasing an additional 50,427 shares during the last quarter. Versant Capital Management Inc boosted its position in Boyd Gaming by 501.2% in the 1st quarter. Versant Capital Management Inc now owns 6,902 shares of the company's stock valued at $454,000 after buying an additional 5,754 shares during the period. Kera Capital Partners Inc. grew its stake in Boyd Gaming by 28.3% in the 1st quarter. Kera Capital Partners Inc. now owns 3,885 shares of the company's stock worth $256,000 after acquiring an additional 856 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Boyd Gaming during the fourth quarter worth approximately $522,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Boyd Gaming by 25.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,571 shares of the company's stock valued at $11,575,000 after acquiring an additional 32,020 shares in the last quarter. Institutional investors own 76.81% of the company's stock.
Analyst Ratings Changes
BYD has been the topic of several research reports. 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. 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. Stifel Nicolaus increased their price objective on shares of Boyd Gaming from $71.00 to $76.00 and gave the company a "hold" rating in a research note on Thursday. Morgan Stanley decreased their price objective on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Macquarie reiterated a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a research note on Friday, April 25th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.08.
Get Our Latest Stock Analysis on BYD
Boyd Gaming Stock Performance
Shares of NYSE:BYD traded down $0.16 during trading on Monday, hitting $73.92. The stock had a trading volume of 725,056 shares, compared to its average volume of 931,388. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 12-month low of $51.62 and a 12-month high of $80.50. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 4.46 and a beta of 1.26. The stock has a 50-day simple moving average of $69.72 and a two-hundred day simple moving average of $72.03.
Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. The business had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 EPS. On average, equities research analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.
Boyd Gaming Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.97%. Boyd Gaming's payout ratio is currently 11.75%.
Boyd Gaming Profile
(
Free Report)
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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