PharVision Advisers LLC Takes $522,000 Position in Boyd Gaming Co. (NYSE:BYD)

PharVision Advisers LLC acquired a new stake in Boyd Gaming Co. (NYSE:BYD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,190 shares of the company's stock, valued at approximately $522,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position 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 buying an additional 175 shares during the period. CoreCap Advisors LLC increased its holdings in Boyd Gaming by 91.0% during the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after purchasing an additional 273 shares during the period. Golden State Wealth Management LLC purchased a new stake in Boyd Gaming during the 4th quarter worth about $67,000. Investment Counsel Co. of Nevada purchased a new stake in Boyd Gaming during the 4th quarter worth about $73,000. Finally, Allworth Financial LP grew its position in shares of Boyd Gaming by 2,735.1% during the fourth quarter. Allworth Financial LP now owns 1,049 shares of the company's stock worth $79,000 after buying an additional 1,012 shares in the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded down $0.25 on Friday, hitting $73.08. The stock had a trading volume of 948,361 shares, compared to its average volume of 943,208. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The company's 50 day moving average price is $68.37 and its 200 day moving average price is $71.92. 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 (NYSE:BYD - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping 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 net margin of 14.70% and a return on equity of 35.97%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.51 earnings per share. On average, research analysts anticipate that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio is currently 11.75%.

Insider Buying and Selling

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the company's stock in a transaction that occurred on 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 sale, the director now directly owns 4,852 shares of the company's stock, valued at $365,258.56. This represents a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 27.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their target price on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Susquehanna upped their price objective on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research report on Friday, April 25th. Finally, Truist Financial lowered their price objective on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $79.67.

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.