Victory Capital Management Inc. boosted its position in shares of Boyd Gaming Corporation (NYSE:BYD - Free Report) by 13.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,048,706 shares of the company's stock after purchasing an additional 122,822 shares during the quarter. Victory Capital Management Inc. owned about 1.27% of Boyd Gaming worth $69,036,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Boyd Gaming during the fourth quarter valued at approximately $55,553,000. Raymond James Financial Inc. purchased a new position in shares of Boyd Gaming in the fourth quarter worth $43,273,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Boyd Gaming by 51.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock valued at $94,074,000 after purchasing an additional 441,963 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Boyd Gaming by 37.2% during the fourth quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock valued at $69,932,000 after buying an additional 261,443 shares during the last quarter. Finally, Seven Six Capital Management LLC bought a new stake in Boyd Gaming in the 4th quarter worth about $9,162,000. 76.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on BYD shares. Stifel Nicolaus upped their target price on shares of Boyd Gaming from $76.00 to $87.00 and gave the company a "hold" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. initiated coverage on shares of Boyd Gaming in a report on Monday, June 23rd. They issued a "neutral" rating and a $79.00 target price on the stock. Macquarie reaffirmed a "neutral" rating and issued a $74.00 price objective on shares of Boyd Gaming in a report on Friday, April 25th. Raymond James Financial increased their target price on Boyd Gaming from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Barclays raised their target price on Boyd Gaming from $73.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $84.85.
Get Our Latest Analysis on BYD
Boyd Gaming Price Performance
Shares of BYD traded down $0.28 during trading hours on Friday, reaching $82.16. 924,267 shares of the stock traded hands, compared to its average volume of 946,897. The company has a market cap of $6.69 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 2.97 and a beta of 1.26. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57. The company's 50-day moving average price is $76.91 and its two-hundred day moving average price is $73.14. Boyd Gaming Corporation has a 52-week low of $52.76 and a 52-week high of $87.76.
Boyd Gaming (NYSE:BYD - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. During the same quarter last year, the business posted $1.51 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.
Boyd Gaming Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.
Boyd Gaming Profile
(
Free Report)
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.
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