30,075 Shares in Boyd Gaming Corporation (NYSE:BYD) Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new stake in shares of Boyd Gaming Corporation (NYSE:BYD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,075 shares of the company's stock, valued at approximately $1,980,000.

A number of other institutional investors have also bought and sold shares of BYD. State of Alaska Department of Revenue raised its holdings in shares of Boyd Gaming by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 47,753 shares of the company's stock valued at $3,143,000 after purchasing an additional 205 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after purchasing an additional 273 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Boyd Gaming by 7.5% during the first quarter. Aaron Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $259,000 after purchasing an additional 276 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Boyd Gaming by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 14,016 shares of the company's stock worth $923,000 after acquiring an additional 278 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Boyd Gaming by 68.0% in the 1st quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $51,000 after acquiring an additional 313 shares during the last quarter. Institutional investors own 76.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Mizuho lowered their target price on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley increased their price objective on shares of Boyd Gaming from $76.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday. Barclays decreased their price objective on shares of 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 decreased their price objective 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. Finally, Susquehanna downgraded shares of Boyd Gaming from a "positive" rating to a "neutral" rating and increased their target price for the company from $76.00 to $86.00 in a research report on Friday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.62.

Boyd Gaming Price Performance

NYSE BYD traded down $5.63 on Friday, hitting $79.74. The stock had a trading volume of 3,782,229 shares, compared to its average volume of 938,237. Boyd Gaming Corporation has a 52-week low of $52.76 and a 52-week high of $87.76. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.76 and a current ratio of 0.80. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 2.87 and a beta of 1.26. The firm has a 50-day moving average of $75.98 and a 200-day moving average of $72.87.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. The firm had revenue of $991.57 million for the quarter, compared to analysts' expectations of $976.38 million. Boyd Gaming had a net margin of 13.96% and a return on equity of 38.34%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.51 EPS. Equities analysts expect that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

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 given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) is currently 11.75%.

Boyd Gaming Company 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.