16,521 Shares in Boyd Gaming Co. (NYSE:BYD) Bought by Choreo LLC

Choreo LLC bought a new position in Boyd Gaming Co. (NYSE:BYD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,521 shares of the company's stock, valued at approximately $1,037,000.

A number of other large investors have also recently made changes to their positions in BYD. Raymond James & Associates lifted its position in shares of Boyd Gaming by 17.6% during the 3rd quarter. Raymond James & Associates now owns 115,605 shares of the company's stock valued at $7,032,000 after buying an additional 17,321 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Boyd Gaming during the 3rd quarter valued at approximately $1,898,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Boyd Gaming by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,073 shares of the company's stock valued at $917,000 after purchasing an additional 1,795 shares during the period. Strs Ohio raised its stake in Boyd Gaming by 2.4% during the 3rd quarter. Strs Ohio now owns 150,101 shares of the company's stock valued at $9,130,000 after purchasing an additional 3,480 shares during the period. Finally, Advisor Partners II LLC raised its stake in Boyd Gaming by 16.3% during the 3rd quarter. Advisor Partners II LLC now owns 3,889 shares of the company's stock valued at $237,000 after purchasing an additional 546 shares during the period. 76.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BYD. Barclays decreased their target price on Boyd Gaming from $70.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft downgraded Boyd Gaming from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $78.00 to $71.00 in a research note on Friday, April 26th. Wells Fargo & Company reduced their price objective on Boyd Gaming from $82.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, April 26th. Susquehanna reaffirmed a "neutral" rating and issued a $75.00 price objective (down previously from $84.00) on shares of Boyd Gaming in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. cut Boyd Gaming from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $80.00 to $67.00 in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $72.20.

Boyd Gaming Trading Down 0.3 %

BYD traded down $0.15 during trading hours on Wednesday, reaching $53.36. 1,549,212 shares of the company's stock traded hands, compared to its average volume of 843,633. The firm has a 50-day moving average price of $63.62 and a 200 day moving average price of $61.95. Boyd Gaming Co. has a 52-week low of $52.42 and a 52-week high of $73.00. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $5.11 billion, a PE ratio of 9.55, a PEG ratio of 2.55 and a beta of 1.60.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. Boyd Gaming had a return on equity of 34.77% and a net margin of 14.91%. The company had revenue of $954.41 million during the quarter, compared to analysts' expectations of $928.04 million. During the same quarter in the previous year, the business earned $1.72 EPS. Boyd Gaming's revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Boyd Gaming Co. will post 6.13 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. This is a boost from Boyd Gaming's previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 14th. Boyd Gaming's dividend payout ratio is currently 12.21%.

Insiders Place Their Bets

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 77,661 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.87, for a total value of $5,037,869.07. Following the completion of the sale, the chairman now directly owns 1,511,433 shares in the company, valued at approximately $98,046,658.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 77,661 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.87, for a total value of $5,037,869.07. Following the completion of the sale, the chairman now directly owns 1,511,433 shares in the company, valued at approximately $98,046,658.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A. Randall Thoman sold 2,500 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $63.75, for a total value of $159,375.00. Following the completion of the transaction, the director now directly owns 4,017 shares of the company's stock, valued at $256,083.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 582,910 shares of company stock worth $37,299,461. 28.40% of the stock is currently owned by company insiders.

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.