SG Americas Securities LLC Makes New $805,000 Investment in Boyd Gaming Corporation (NYSE:BYD)

SG Americas Securities LLC bought a new stake in shares of Boyd Gaming Corporation (NYSE:BYD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,225 shares of the company's stock, valued at approximately $805,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BYD. CoreCap Advisors LLC raised its holdings in shares of Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after acquiring an additional 273 shares in the last quarter. GAMMA Investing LLC raised its holdings in Boyd Gaming by 68.0% in the first quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $51,000 after purchasing an additional 313 shares in the last quarter. UMB Bank n.a. raised its holdings in Boyd Gaming by 156.0% in the first quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock worth $66,000 after purchasing an additional 613 shares in the last quarter. Investment Counsel Co. of Nevada bought a new position in Boyd Gaming in the fourth quarter worth $73,000. Finally, Allworth Financial LP raised its holdings in Boyd Gaming by 2,735.1% in 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 in the last quarter. Institutional investors own 76.81% of the company's stock.

Wall Street Analyst Weigh In

BYD has been the subject of a number of research reports. Barclays decreased their price objective on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Susquehanna increased their price objective on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a report on Friday, April 25th. Truist Financial decreased their price objective on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus increased their price objective on Boyd Gaming from $71.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. Finally, Morgan Stanley cut their target price on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Boyd Gaming currently has a consensus rating of "Moderate Buy" and an average price target of $80.00.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded up $0.58 during trading on Monday, hitting $76.99. 878,267 shares of the company's stock traded hands, compared to its average volume of 912,917. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.80 and a quick ratio of 0.76. Boyd Gaming Corporation has a 1 year low of $52.76 and a 1 year high of $80.50. The stock has a market capitalization of $6.27 billion, a P/E ratio of 12.56, a PEG ratio of 0.97 and a beta of 1.26. The business has a 50-day simple moving average of $72.20 and a 200-day simple moving average of $72.14.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The company had revenue of $991.57 million for the quarter, compared to analysts' expectations of $976.38 million. During the same period last year, the firm posted $1.51 earnings per share. Boyd Gaming's revenue was up 3.2% compared to the same quarter last year. As a group, analysts forecast that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $0.18 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 0.94%. 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.