Boyd Gaming Co. (NYSE:BYD) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in Boyd Gaming Co. (NYSE:BYD - Free Report) by 247.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,976 shares of the company's stock after purchasing an additional 11,376 shares during the quarter. Cetera Investment Advisers' holdings in Boyd Gaming were worth $1,159,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in 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 during the last quarter. US Bancorp DE raised its stake in Boyd Gaming by 13.6% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the company's stock valued at $213,000 after purchasing an additional 353 shares during the last quarter. Keybank National Association OH raised its stake in Boyd Gaming by 2.6% in the 4th quarter. Keybank National Association OH now owns 14,039 shares of the company's stock valued at $1,018,000 after purchasing an additional 362 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in Boyd Gaming by 2.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 18,408 shares of the company's stock valued at $1,335,000 after purchasing an additional 411 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in Boyd Gaming by 5.3% in the 4th quarter. AlphaMark Advisors LLC now owns 8,979 shares of the company's stock valued at $651,000 after purchasing an additional 450 shares during the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boyd Gaming

In related news, Director Christine J. Spadafor sold 1,125 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 4,852 shares in the company, valued at $365,258.56. This trade represents a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 27.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BYD has been the subject of a number of recent research reports. 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. Barclays cut their target price on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial cut their target price on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company raised their target price on Boyd Gaming from $82.00 to $88.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Wall Street Zen downgraded Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Six investment 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 has an average rating of "Moderate Buy" and a consensus price target of $79.67.

Boyd Gaming Stock Performance

NYSE BYD opened at $73.42 on Friday. The stock has a market cap of $5.98 billion, a PE ratio of 11.80, a P/E/G ratio of 4.46 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50. The stock has a fifty day simple moving average of $68.26 and a 200-day simple moving average of $71.89.

Boyd Gaming (NYSE:BYD - Get Free Report) last released 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. The business had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The company's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 EPS. Equities analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) 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.

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