Chicago Partners Investment Group LLC bought a new stake in shares of Boyd Gaming Corporation (NYSE:BYD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,708 shares of the company's stock, valued at approximately $393,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of Boyd Gaming during the 2nd quarter valued at approximately $223,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Boyd Gaming in the 2nd quarter worth approximately $1,315,000. Koshinski Asset Management Inc. bought a new position in Boyd Gaming in the 2nd quarter worth approximately $277,000. Foster & Motley Inc. boosted its holdings in Boyd Gaming by 132.4% in the 2nd quarter. Foster & Motley Inc. now owns 57,919 shares of the company's stock worth $4,531,000 after buying an additional 32,993 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Boyd Gaming by 870.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 99,940 shares of the company's stock worth $7,818,000 after buying an additional 89,640 shares during the period. 76.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Boyd Gaming from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Morgan Stanley reaffirmed a "sell" rating on shares of Boyd Gaming in a report on Friday, July 11th. Barclays raised their price objective on shares of Boyd Gaming from $73.00 to $87.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Boyd Gaming in a report on Wednesday, October 8th. Finally, Mizuho increased their target price on shares of Boyd Gaming from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $88.67.
Read Our Latest Report on BYD
Insider Activity
In other news, COO Ted Bogich sold 16,497 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $83.18, for a total transaction of $1,372,220.46. Following the sale, the chief operating officer owned 45,116 shares in the company, valued at approximately $3,752,748.88. This trade represents a 26.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Keith Smith sold 25,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $85.21, for a total transaction of $2,130,250.00. Following the sale, the chief executive officer owned 1,046,689 shares in the company, valued at approximately $89,188,369.69. This trade represents a 2.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,438 shares of company stock worth $32,638,085. Corporate insiders own 27.94% of the company's stock.
Boyd Gaming Stock Performance
Boyd Gaming stock opened at $84.96 on Friday. The firm's fifty day moving average price is $84.59 and its 200-day moving average price is $78.75. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $6.81 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Boyd Gaming Corporation has a fifty-two week low of $58.94 and a fifty-two week high of $88.49.
Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. The firm had revenue of $707.32 million for the quarter. Boyd Gaming had a net margin of 14.02% and a return on equity of 40.65%. On average, equities research analysts expect that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.
Boyd Gaming Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $0.18 per share. The ex-dividend date was Monday, September 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Boyd Gaming's dividend payout ratio (DPR) is 11.08%.
About Boyd Gaming
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Boyd Gaming, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boyd Gaming wasn't on the list.
While Boyd Gaming currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
