Boyd Gaming Co. (NYSE:BYD) Stake Lessened by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,987 shares of the company's stock after selling 6,727 shares during the quarter. Rhumbline Advisers owned 0.22% of Boyd Gaming worth $11,783,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its stake in shares of 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 buying an additional 273 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Boyd Gaming during the 4th quarter worth approximately $67,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Boyd Gaming in the 4th quarter worth approximately $73,000. Allworth Financial LP raised its holdings in 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 purchasing an additional 1,012 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in Boyd Gaming during the fourth quarter worth $109,000. 76.81% of the stock is owned by hedge funds and other institutional investors.

Boyd Gaming Stock Up 0.3%

Boyd Gaming stock traded up $0.20 during trading on Wednesday, reaching $75.22. 681,475 shares of the company's stock were exchanged, compared to its average volume of 929,689. Boyd Gaming Co. has a 52-week low of $51.62 and a 52-week high of $80.50. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 4.46 and a beta of 1.26. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The company's 50-day moving average is $70.08 and its two-hundred day moving average is $72.06.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. The business had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. On average, analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a $0.18 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.96%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BYD shares. Truist Financial lowered their price objective on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Susquehanna upped their target price on shares of Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a report on Friday, April 25th. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $71.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. 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 research note on Tuesday, April 22nd. Finally, Mizuho cut their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.08.

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.