First Trust Advisors LP Has $27.71 Million Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

First Trust Advisors LP increased its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 382,003 shares of the company's stock after acquiring an additional 4,684 shares during the period. First Trust Advisors LP owned about 0.43% of Boyd Gaming worth $27,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 148 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of Boyd Gaming by 6.2% in the 4th quarter. Cetera Trust Company N.A now owns 3,535 shares of the company's stock worth $256,000 after acquiring an additional 205 shares in the last quarter. US Bancorp DE grew its position in Boyd Gaming by 13.6% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the company's stock worth $213,000 after acquiring an additional 353 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in Boyd Gaming by 2.6% during the 4th quarter. Keybank National Association OH now owns 14,039 shares of the company's stock valued at $1,018,000 after purchasing an additional 362 shares in the last quarter. Institutional investors own 76.81% of the company's stock.

Boyd Gaming Stock Up 0.5 %

Shares of NYSE BYD traded up $0.32 during mid-day trading on Thursday, reaching $69.46. 139,494 shares of the company's stock were exchanged, compared to its average volume of 955,707. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.46 and a beta of 1.31. The business has a fifty day simple moving average of $67.82 and a 200 day simple moving average of $71.22.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its earnings results 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 business had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. During the same period in the prior year, the business earned $1.51 EPS. Boyd Gaming's revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 17th were given a $0.18 dividend. This is a boost from Boyd Gaming's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, March 17th. Boyd Gaming's payout ratio is currently 11.75%.

Insider Buying and Selling

In other news, Director William R. Boyd sold 15,000 shares of Boyd Gaming stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the sale, the director now directly owns 1,472,970 shares in the company, valued at $116,835,980.40. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the transaction, the director now owns 4,852 shares of the company's stock, valued at $365,258.56. The trade was a 18.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,125 shares of company stock valued at $5,158,490. Company insiders own 27.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BYD shares. Macquarie reissued a "neutral" rating and issued a $74.00 price objective on shares of Boyd Gaming in a research note on Friday, April 25th. StockNews.com lowered shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Truist Financial dropped their target price 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. JMP Securities reissued a "market perform" rating on shares of Boyd Gaming in a research note on Friday, February 7th. Finally, Barclays dropped their target price on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Boyd Gaming has a consensus rating of "Moderate Buy" and a consensus target price of $95.07.

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.