Gotham Asset Management LLC Grows Stock Position in Boyd Gaming Co. (NYSE:BYD)

Gotham Asset Management LLC boosted its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,084 shares of the company's stock after acquiring an additional 21,022 shares during the period. Gotham Asset Management LLC owned 0.28% of Boyd Gaming worth $18,069,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BYD. Boston Partners boosted its stake in Boyd Gaming by 36.9% during the fourth quarter. Boston Partners now owns 3,955,544 shares of the company's stock worth $287,185,000 after buying an additional 1,065,887 shares during the period. Norges Bank acquired a new position in shares of Boyd Gaming in the 4th quarter worth approximately $55,553,000. Raymond James Financial Inc. acquired a new position in shares of Boyd Gaming in the 4th quarter worth approximately $43,273,000. Arrowstreet Capital Limited Partnership increased its holdings in Boyd Gaming by 51.7% in the 4th 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 during the last quarter. Finally, Franklin Resources Inc. raised its position in Boyd Gaming by 37.2% in the fourth quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock valued at $69,932,000 after purchasing an additional 261,443 shares during the period. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of research reports. Morgan Stanley dropped their price objective on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Macquarie reiterated a "neutral" rating and set a $74.00 price target 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 research note on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of Boyd Gaming in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.07.

Boyd Gaming Trading Up 0.7 %

NYSE:BYD opened at $72.04 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50. The stock has a market cap of $5.94 billion, a P/E ratio of 11.58, a P/E/G ratio of 4.46 and a beta of 1.32. The stock has a 50-day simple moving average of $67.17 and a 200-day simple moving average of $71.51.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. During the same period in the prior year, the company posted $1.51 earnings per share. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. As a group, analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given 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 1.00%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the completion of the sale, the chairman now owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the transaction, the director now owns 1,472,970 shares in the company, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock worth $5,158,490 over the last 90 days. Corporate insiders own 21.97% of the company's stock.

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.

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