Cetera Investment Advisers Purchases 11,376 Shares of Boyd Gaming Co. (NYSE:BYD)

Cetera Investment Advisers grew its stake in Boyd Gaming Co. (NYSE:BYD - Free Report) by 247.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,976 shares of the company's stock after buying an additional 11,376 shares during the period. Cetera Investment Advisers' holdings in Boyd Gaming were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. US Bancorp DE boosted its position in Boyd Gaming by 13.6% during the fourth quarter. US Bancorp DE now owns 2,943 shares of the company's stock valued at $213,000 after buying an additional 353 shares during the period. Keybank National Association OH boosted its position in Boyd Gaming by 2.6% during the fourth quarter. Keybank National Association OH now owns 14,039 shares of the company's stock valued at $1,018,000 after buying an additional 362 shares during the period. Linden Thomas Advisory Services LLC grew its stake in shares of Boyd Gaming by 2.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 18,408 shares of the company's stock valued at $1,335,000 after buying an additional 411 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of Boyd Gaming by 5.3% in the fourth quarter. AlphaMark Advisors LLC now owns 8,979 shares of the company's stock worth $651,000 after buying an additional 450 shares during the period. Institutional investors own 76.81% of the company's stock.

Analyst Upgrades and Downgrades

BYD has been the topic of several analyst reports. Morgan Stanley decreased their target price on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Susquehanna raised their target price on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research note on Friday, April 25th. Stifel Nicolaus dropped their price objective on Boyd Gaming from $82.00 to $71.00 and set a "hold" rating for the company in a report on Friday, April 25th. Mizuho cut their price objective on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Macquarie restated a "neutral" rating and set a $74.00 target price on shares of Boyd Gaming in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.67.

Insider Activity at Boyd Gaming

In related news, Director Christine J. Spadafor sold 1,125 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares in the company, valued at approximately $365,258.56. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.97% of the stock is owned by insiders.

Boyd Gaming Stock Down 0.6%

Boyd Gaming stock traded down $0.48 during trading hours on Wednesday, hitting $74.86. The stock had a trading volume of 59,518 shares, compared to its average volume of 975,111. The stock's 50-day moving average price is $68.60 and its 200-day moving average price is $71.93. The stock has a market capitalization of $6.09 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $80.50. 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 (NYSE:BYD - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. The company's revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Boyd Gaming Co. 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. Stockholders of record on Monday, June 16th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.96%. Boyd Gaming's payout ratio is 11.75%.

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.