Two Sigma Investments LP Has $959,000 Holdings in Boyd Gaming Co. (NYSE:BYD)

Two Sigma Investments LP trimmed its position in Boyd Gaming Co. (NYSE:BYD - Free Report) by 88.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,214 shares of the company's stock after selling 98,587 shares during the quarter. Two Sigma Investments LP's holdings in Boyd Gaming were worth $959,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC lifted its holdings in shares of 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. Golden State Wealth Management LLC bought a new stake in shares of Boyd Gaming during the 4th quarter worth approximately $67,000. Investment Counsel Co. of Nevada bought a new stake in shares of Boyd Gaming during the 4th quarter worth approximately $73,000. Allworth Financial LP raised its stake in shares of Boyd Gaming by 2,735.1% during the 4th 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. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Boyd Gaming during the 4th quarter worth approximately $109,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on BYD shares. Barclays decreased their target price on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Macquarie reissued a "neutral" rating and set a $74.00 target price on shares of Boyd Gaming in a report on Friday, April 25th. Truist Financial reduced their target price on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Susquehanna raised 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. Six investment 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.08.

Boyd Gaming Trading Up 1.1%

Shares of BYD traded up $0.84 during mid-day trading on Friday, reaching $74.11. 680,213 shares of the company were exchanged, compared to its average volume of 932,216. Boyd Gaming Co. has a 52 week low of $51.62 and a 52 week high of $80.50. 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 stock has a market capitalization of $6.03 billion, a PE ratio of 11.92, a PEG ratio of 4.46 and a beta of 1.26. The business has a 50 day simple moving average of $69.72 and a two-hundred day simple moving average of $72.03.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued 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. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The company had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. During the same period last year, the company earned $1.51 earnings per share. The firm's revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.97%. Boyd Gaming's payout ratio is currently 11.75%.

About Boyd Gaming

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.