Sequoia Financial Advisors LLC Lowers Stake in Boyd Gaming Corporation (NYSE:BYD)

Sequoia Financial Advisors LLC trimmed its holdings in Boyd Gaming Corporation (NYSE:BYD - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,012 shares of the company's stock after selling 8,614 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.09% of Boyd Gaming worth $4,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. State of Alaska Department of Revenue increased its stake in Boyd Gaming by 0.4% during the 1st 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 in the last quarter. CoreCap Advisors LLC increased its stake in Boyd Gaming by 91.0% during the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after purchasing an additional 273 shares in the last quarter. Yousif Capital Management LLC increased its stake in Boyd Gaming by 2.0% during the 1st quarter. Yousif Capital Management LLC now owns 14,016 shares of the company's stock valued at $923,000 after purchasing an additional 278 shares in the last quarter. GAMMA Investing LLC increased its stake in Boyd Gaming by 68.0% during the 1st quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $51,000 after purchasing an additional 313 shares in the last quarter. Finally, US Bancorp DE increased its stake in Boyd Gaming by 13.6% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the company's stock valued at $213,000 after purchasing an additional 353 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Stock Performance

Shares of BYD traded up $1.22 on Friday, reaching $78.99. The company's stock had a trading volume of 1,858,623 shares, compared to its average volume of 913,613. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.80 and a quick ratio of 0.76. The stock has a market capitalization of $6.43 billion, a P/E ratio of 12.89, a PEG ratio of 0.99 and a beta of 1.26. The stock's 50 day simple moving average is $73.27 and its two-hundred day simple moving average is $72.27. Boyd Gaming Corporation has a 12-month low of $52.76 and a 12-month high of $80.50.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The company had revenue of $991.57 million for the quarter, compared to the consensus estimate of $976.38 million. Boyd Gaming had a net margin of 13.96% and a return on equity of 38.34%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 earnings per share. Research analysts forecast that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, June 16th. Boyd Gaming's payout ratio is 11.75%.

Wall Street Analyst Weigh In

A number of analysts have 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 for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus raised their price objective on shares of Boyd Gaming from $71.00 to $76.00 and gave the company a "hold" rating in a research note on Thursday, June 5th. Morgan Stanley reduced their price objective on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho dropped their price target 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. Finally, Susquehanna raised their price target 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. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $80.00.

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.