Simon Quick Advisors LLC Makes New Investment in Boyd Gaming Corporation (NYSE:BYD)

Simon Quick Advisors LLC purchased a new stake in Boyd Gaming Corporation (NYSE:BYD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,966 shares of the company's stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BYD. CoreCap Advisors LLC increased its holdings in Boyd Gaming by 91.0% in the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after purchasing an additional 273 shares during the period. GAMMA Investing LLC increased its stake in shares of Boyd Gaming by 68.0% in the first quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $51,000 after buying an additional 313 shares during the period. UMB Bank n.a. raised its position in shares of Boyd Gaming by 156.0% during the first quarter. UMB Bank n.a. now owns 1,006 shares of the company's stock worth $66,000 after acquiring an additional 613 shares during the last quarter. Investment Counsel Co. of Nevada acquired a new position in shares of Boyd Gaming in the fourth quarter worth approximately $73,000. Finally, Allworth Financial LP boosted 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 valued at $79,000 after acquiring an additional 1,012 shares during the last quarter. 76.81% of the stock is owned by institutional investors.

Boyd Gaming Price Performance

NYSE BYD traded up $0.70 during trading on Wednesday, reaching $75.95. The company's stock had a trading volume of 370,471 shares, compared to its average volume of 924,287. The firm has a fifty day moving average of $71.31 and a 200 day moving average of $72.11. Boyd Gaming Corporation has a one year low of $51.62 and a one year high of $80.50. The stock has a market capitalization of $6.18 billion, a PE ratio of 12.42, a P/E/G ratio of 0.95 and a beta of 1.26. 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 (NYSE:BYD - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The company 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 38.34% and a net margin of 13.96%. Boyd Gaming's revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Analysts expect that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 0.95%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's payout ratio is 11.75%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Macquarie reiterated a "neutral" rating and set a $74.00 price objective on shares of Boyd Gaming in a research report on Friday, April 25th. Truist Financial decreased their price target on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Susquehanna boosted their price objective on Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a research note on Friday, April 25th. Morgan Stanley cut their price target on 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. Finally, Mizuho lowered their price objective on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company 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.