Tudor Investment Corp ET AL Cuts Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Tudor Investment Corp ET AL lessened its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 83.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,362 shares of the company's stock after selling 27,750 shares during the quarter. Tudor Investment Corp ET AL's holdings in Boyd Gaming were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Boyd Gaming by 23.9% in the third quarter. Barclays PLC now owns 167,542 shares of the company's stock valued at $10,831,000 after buying an additional 32,332 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Boyd Gaming during the 3rd quarter worth $64,000. GAMMA Investing LLC grew its stake 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 during the period. Miracle Mile Advisors LLC purchased a new position in shares of Boyd Gaming in the 4th quarter valued at about $306,000. Finally, Burney Co. lifted its stake in shares of Boyd Gaming by 7.7% in 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. Institutional investors and hedge funds own 76.81% of the company's stock.

Insider Activity

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares of the company's stock, valued at approximately $365,258.56. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the chairman now owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. This trade represents a 3.58 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 21.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BYD. Barclays lowered their target price on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial dropped their price objective on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. boosted their target price on Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Mizuho dropped their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Boyd Gaming presently has an average rating of "Moderate Buy" and a consensus price target of $95.07.

Boyd Gaming Price Performance

BYD stock opened at $72.04 on Friday. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The stock's fifty day simple moving average is $67.17 and its 200-day simple moving average is $71.51.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly 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. The firm had revenue of $991.57 million for the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.51 EPS. Equities research analysts expect that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio is currently 11.75%.

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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