WINTON GROUP Ltd Buys Shares of 52,446 Boyd Gaming Corporation $BYD

Key Points

• WINTON GROUP Ltd purchased 52,446 Boyd Gaming shares worth approximately $4.63 million, giving it a roughly 0.07% stake. Institutional investors collectively own 76.81% of the company.
• Analysts maintain a generally cautious outlook, with one Strong Buy, four Buy, and eleven Hold ratings; the stock has an average rating of Hold and a consensus price target of $94.69.
• Boyd Gaming exceeded quarterly earnings expectations with EPS of $1.93 versus $1.89 expected and declared a quarterly dividend of $0.20, equal to an annualized yield of about 1.0%.

WINTON GROUP Ltd purchased a new stake in Boyd Gaming Corporation (NYSE:BYD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 52,446 shares of the company's stock, valued at approximately $4,633,000. WINTON GROUP Ltd owned about 0.07% of Boyd Gaming as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Boyd Gaming during the 2nd quarter worth $88,000. IFP Advisors Inc grew its position in Boyd Gaming by 9.6% in the second quarter. IFP Advisors Inc now owns 3,141 shares of the company's stock valued at $277,000 after acquiring an additional 275 shares during the last quarter. Nykredit A S bought a new position in Boyd Gaming in the second quarter valued at about $214,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Boyd Gaming during the second quarter worth about $1,276,000. Finally, California State Teachers Retirement System raised its stake in Boyd Gaming by 8,477.2% during the second quarter. California State Teachers Retirement System now owns 5,553,925 shares of the company's stock worth $490,578,000 after acquiring an additional 5,489,173 shares in the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Insider Buying and Selling at Boyd Gaming

In other news, CFO Josh Hirsberg sold 12,777 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.76, for a total value of $1,146,863.52. Following the completion of the sale, the chief financial officer owned 422,969 shares of the company's stock, valued at approximately $37,965,697.44. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 22.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Texas Capital upgraded shares of Boyd Gaming to a "strong-buy" rating in a research note on Wednesday, June 3rd. Wolfe Research initiated coverage on shares of Boyd Gaming in a research note on Wednesday, September 2nd. They issued a "peer perform" rating for the company. Susquehanna increased their price objective on shares of Boyd Gaming from $84.00 to $87.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Mizuho set a $104.00 target price on shares of Boyd Gaming in a research report on Friday, July 24th. Finally, Stifel Nicolaus boosted their target price on shares of Boyd Gaming from $91.00 to $92.00 and gave the stock a "hold" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $94.69.

Boyd Gaming Price Performance

BYD stock opened at $76.35 on Friday. The company has a market capitalization of $5.55 billion, a P/E ratio of 3.36, a PEG ratio of 1.34 and a beta of 1.06. The company has a fifty day moving average price of $83.68 and a 200-day moving average price of $84.07. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.74 and a current ratio of 0.77. Boyd Gaming Corporation has a 52-week low of $74.79 and a 52-week high of $91.41.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.04 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.52%. Boyd Gaming's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. As a group, equities analysts expect that Boyd Gaming Corporation will post 7.29 EPS for the current year.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Boyd Gaming's payout ratio is 3.52%.

Boyd Gaming Profile

Boyd Gaming Corporation is a gaming and hospitality company that owns and operates casinos, hotels, restaurants, entertainment venues and related amenities. Its properties offer casino games such as slots, table games and poker, along with lodging, dining, convention and entertainment services.

Founded in 1975 by gaming executive Sam Boyd, the company is headquartered in Las Vegas, Nevada. Boyd Gaming operates regional gaming properties across several U.S. states, including Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Ohio and Pennsylvania.

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