GAMMA Investing LLC grew its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 10,962.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,887 shares of the company's stock after acquiring an additional 50,427 shares during the period. GAMMA Investing LLC owned about 0.06% of Boyd Gaming worth $3,350,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in Boyd Gaming by 91.0% during the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after acquiring an additional 273 shares in the last quarter. Investment Counsel Co. of Nevada acquired a new position in shares of Boyd Gaming during the 4th quarter worth about $73,000. Allworth Financial LP increased its holdings in shares of Boyd Gaming by 2,735.1% in the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock valued at $79,000 after acquiring an additional 1,012 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Boyd Gaming during the 4th quarter worth about $109,000. Finally, Quarry LP raised its position in shares of Boyd Gaming by 94.5% during the 4th quarter. Quarry LP now owns 1,698 shares of the company's stock worth $123,000 after acquiring an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company's stock.
Boyd Gaming Price Performance
BYD stock traded down $1.59 during midday trading on Friday, hitting $73.71. 221,871 shares of the stock were exchanged, compared to its average volume of 924,601. 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 market cap of $6.00 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 4.46 and a beta of 1.26. Boyd Gaming Co. has a fifty-two week low of $51.62 and a fifty-two week high of $80.50. The stock's 50-day moving average price is $70.63 and its 200-day moving average price is $72.10.
Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings data 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 14.70% and a return on equity of 35.97%. The business had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. During the same period last year, the company posted $1.51 EPS. The company's revenue was up 3.2% on a year-over-year basis. Research analysts predict 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 of this dividend is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.98%. Boyd Gaming's dividend payout ratio (DPR) is 11.75%.
Analyst Ratings Changes
BYD has been the topic of several recent analyst reports. Mizuho dropped their price target on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Macquarie reaffirmed a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a research report on Friday, April 25th. Stifel Nicolaus boosted their price target on shares of Boyd Gaming from $71.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Truist Financial decreased their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Boyd Gaming has a consensus rating of "Moderate Buy" and an average price target of $80.08.
Check Out Our Latest Research Report on Boyd Gaming
Boyd Gaming Company Profile
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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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