State of Wyoming Increases Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

State of Wyoming boosted its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 253.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,597 shares of the company's stock after acquiring an additional 4,012 shares during the period. State of Wyoming's holdings in Boyd Gaming were worth $406,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after acquiring an additional 175 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of 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. Golden State Wealth Management LLC acquired a new stake in Boyd Gaming during the fourth quarter worth about $67,000. Investment Counsel Co. of Nevada acquired a new stake in Boyd Gaming during the fourth quarter worth about $73,000. Finally, Allworth Financial LP raised its stake 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 period. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Trading Down 0.3%

Shares of NYSE BYD traded down $0.25 during trading on Monday, reaching $73.08. The stock had a trading volume of 948,361 shares, compared to its average volume of 943,114. 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 has a market cap of $5.95 billion, a P/E ratio of 11.75, a PEG ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $80.50. The business's 50-day moving average price is $68.37 and its 200-day moving average price is $71.91.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates 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 35.97% and a net margin of 14.70%. Boyd Gaming's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. On average, equities research analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

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 0.99%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) is currently 11.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BYD. Truist Financial dropped their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Mizuho decreased their price objective on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Susquehanna raised their target price on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research note on Friday, April 25th. Finally, JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. Six equities research 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, the company has an average rating of "Moderate Buy" and an average price target of $79.67.

Insider Buying and Selling

In related news, Director Christine J. Spadafor sold 1,125 shares of Boyd Gaming stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the transaction, the director now directly owns 4,852 shares in the company, valued at approximately $365,258.56. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.94% of the stock is owned by insiders.

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.