Illinois Municipal Retirement Fund Buys 9,308 Shares of Boyd Gaming Corporation (NYSE:BYD)

Illinois Municipal Retirement Fund boosted its position in Boyd Gaming Corporation (NYSE:BYD - Free Report) by 23.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 49,425 shares of the company's stock after acquiring an additional 9,308 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Boyd Gaming worth $3,254,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CoreCap Advisors LLC lifted its stake in shares of Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after purchasing an additional 273 shares in the last quarter. GAMMA Investing LLC boosted its stake in Boyd Gaming by 68.0% in the first quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $51,000 after acquiring an additional 313 shares during the period. UMB Bank n.a. lifted its stake in Boyd Gaming by 156.0% in the first quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock valued at $66,000 after buying an additional 613 shares during the last quarter. Investment Counsel Co. of Nevada acquired a new stake in Boyd Gaming in the 4th quarter valued at approximately $73,000. Finally, Golden State Wealth Management LLC grew its position in Boyd Gaming by 76.9% in the 1st quarter. Golden State Wealth Management LLC now owns 1,636 shares of the company's stock valued at $108,000 after buying an additional 711 shares in the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays cut their price objective on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on shares of Boyd Gaming in a research note on Monday, June 23rd. They issued a "neutral" rating and a $79.00 price objective for the company. Mizuho cut their target price on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley decreased their price target on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, 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 report on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Boyd Gaming presently has a consensus rating of "Moderate Buy" and an average price target of $80.38.

Boyd Gaming Price Performance

Shares of BYD stock traded up $0.84 during trading on Wednesday, hitting $81.27. The company had a trading volume of 544,447 shares, compared to its average volume of 909,671. The stock's 50-day moving average is $73.85 and its two-hundred day moving average is $72.31. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.99 and a beta of 1.26. Boyd Gaming Corporation has a 52 week low of $52.76 and a 52 week high of $81.41.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a net margin of 13.96% and a return on equity of 38.34%. The business had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. During the same period in the prior year, the business earned $1.51 EPS. The company's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts predict that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 0.89%. 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.