New York State Teachers Retirement System Has $4.87 Million Holdings in Boyd Gaming Corporation (NYSE:BYD)

New York State Teachers Retirement System lessened its holdings in Boyd Gaming Corporation (NYSE:BYD - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,995 shares of the company's stock after selling 4,790 shares during the period. New York State Teachers Retirement System owned about 0.09% of Boyd Gaming worth $4,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oppenheimer & Co. Inc. purchased a new stake in shares of Boyd Gaming during the 1st quarter valued at $598,000. Raymond James Financial Inc. bought a new stake in Boyd Gaming in the fourth quarter valued at approximately $43,273,000. Assenagon Asset Management S.A. bought a new position in shares of Boyd Gaming during the first quarter valued at approximately $1,963,000. SG Americas Securities LLC bought a new position in shares of Boyd Gaming during the first quarter valued at approximately $805,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Boyd Gaming by 19.1% during the fourth quarter. Ameriprise Financial Inc. now owns 193,768 shares of the company's stock valued at $14,057,000 after acquiring an additional 31,130 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BYD. Stifel Nicolaus upped their price target on shares of Boyd Gaming from $71.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, June 5th. Barclays reduced their target price on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Macquarie reissued a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a report on Friday, April 25th. Truist Financial reduced their target price on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, 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 report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Boyd Gaming presently has an average rating of "Moderate Buy" and a consensus target price of $80.38.

Boyd Gaming Price Performance

NYSE:BYD traded down $0.77 during trading hours on Monday, hitting $80.80. The company's stock had a trading volume of 784,192 shares, compared to its average volume of 911,544. Boyd Gaming Corporation has a 52-week low of $52.76 and a 52-week high of $82.21. The company has a market capitalization of $6.58 billion, a PE ratio of 13.18, a PEG ratio of 2.94 and a beta of 1.26. The business's 50-day moving average is $74.71 and its two-hundred day moving average is $72.50. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.76 and a current ratio of 0.80.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. The business had revenue of $991.57 million for the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share. As a group, research analysts anticipate 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 issued 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 dividend yield of 0.89%. Boyd Gaming's payout ratio 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.