Price T Rowe Associates Inc. MD Has $47.18 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Price T Rowe Associates Inc. MD decreased its position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,399 shares of the company's stock after selling 247,967 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.74% of Boyd Gaming worth $47,181,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Boyd Gaming by 23.9% during the 3rd quarter. Barclays PLC now owns 167,542 shares of the company's stock valued at $10,831,000 after purchasing an additional 32,332 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Boyd Gaming in the 3rd quarter valued at $64,000. GAMMA Investing LLC increased its stake in shares of Boyd Gaming by 47.4% in the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Boyd Gaming during the fourth quarter worth $306,000. Finally, Burney Co. lifted its position in Boyd Gaming by 7.7% during the fourth quarter. Burney Co. now owns 29,598 shares of the company's stock valued at $2,147,000 after purchasing an additional 2,125 shares during the period. Hedge funds and other institutional investors own 76.81% of the company's stock.

Boyd Gaming Price Performance

Shares of BYD stock traded up $1.77 during midday trading on Friday, reaching $70.94. 878,560 shares of the company were exchanged, compared to its average volume of 954,006. The company's 50 day moving average price is $67.58 and its two-hundred day moving average price is $71.31. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The company has a market cap of $5.85 billion, a P/E ratio of 11.41, a PEG ratio of 4.46 and a beta of 1.31. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The firm had revenue of $991.57 million during the quarter, compared to analysts' expectations of $976.38 million. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.51 earnings per share. On average, sell-side analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.01%. Boyd Gaming's dividend payout ratio (DPR) is 11.75%.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $77.68, for a total value of $3,884,000.00. Following the sale, the chairman now directly owns 1,346,628 shares in the company, valued at $104,606,063.04. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William R. Boyd sold 15,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the completion of the transaction, the director now owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock valued at $5,158,490 in the last three months. Corporate insiders own 27.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays cut their target price on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho lowered their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group upgraded Boyd Gaming from a "hold" rating to a "buy" rating and increased their target price for the company from $73.00 to $92.00 in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.