Sigma Planning Corp Takes $420,000 Position in Boyd Gaming Corporation (NYSE:BYD)

Sigma Planning Corp bought a new stake in shares of Boyd Gaming Corporation (NYSE:BYD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,382 shares of the company's stock, valued at approximately $420,000.

A number of other institutional investors have also recently modified their holdings of BYD. CoreCap Advisors LLC lifted its position 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 during the last quarter. GAMMA Investing LLC lifted its position in shares of Boyd Gaming by 68.0% during the 1st quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $51,000 after buying an additional 313 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Boyd Gaming by 156.0% during the 1st quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock worth $66,000 after buying an additional 613 shares during the last quarter. Investment Counsel Co. of Nevada bought a new stake in shares of Boyd Gaming during the 4th quarter worth $73,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Boyd Gaming by 76.9% during the 1st quarter. Golden State Wealth Management LLC now owns 1,636 shares of the company's stock worth $108,000 after buying an additional 711 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BYD has been the subject of several recent analyst reports. Raymond James Financial upped their price objective on Boyd Gaming from $81.00 to $85.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Mizuho lowered their target price on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial upped their target price on Boyd Gaming from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Susquehanna cut Boyd Gaming from a "positive" rating to a "neutral" rating and upped their target price for the stock from $76.00 to $86.00 in a report on Friday, July 11th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $74.00 target price on shares of Boyd Gaming in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $84.85.

Boyd Gaming Trading Up 1.5%

Shares of BYD stock traded up $1.23 on Wednesday, hitting $83.49. The company had a trading volume of 1,485,212 shares, compared to its average volume of 950,645. The firm has a market cap of $6.80 billion, a P/E ratio of 13.62 and a beta of 1.26. The stock's 50-day moving average is $77.41 and its two-hundred day moving average is $73.35. 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 Corporation has a twelve month low of $52.76 and a twelve month high of $87.76.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.51 earnings per share. On average, equities research analysts anticipate that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 16th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 0.86%. Boyd Gaming's dividend payout ratio is currently 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.