HoldingsChannel reports that Kestra Advisory Services LLC increased its holdings in shares of Boyd Gaming Company (NYSE:BYD – Free Report) by 4.9% in the 3rd quarter. The company purchased an additional 308 shares during the quarter, bringing its total holdings to 6,654 shares. Boyd Gaming’s holdings in Kestra Advisory Services LLC were worth him $405,000 at the end of the most recent reporting period.
Several other hedge funds and institutional investors have also recently made changes to their holdings in the business. Prospera Financial Services Inc increased its stake in shares of Boyd Gaming by 3.1% in the 1st quarter. Prospera Financial Services Inc. now owns 5,306 shares of the company’s stock valued at $340,000 after purchasing an additional 159 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Boyd Gaming by 15.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,575 shares of the company’s stock valued at $109,000 after purchasing an additional 205 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Boyd Gaming by 3.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 5,971 shares of the company’s stock valued at $363,000 after purchasing an additional 213 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Boyd Gaming by 3.1% in the 2nd quarter. Cetera Advisor Networks LLC now owns 7,163 shares of the company’s stock valued at $497,000 after purchasing an additional 218 shares during the last quarter. Finally, Lmcg Investments LLC increased its stake in shares of Boyd Gaming by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 12,257 shares of the company’s stock valued at $746,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 67.98% of the company’s stock.
Insider activity
In other news, CEO Keith Smith sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $63.92, for a total value of $4,794,000.00. Following the transaction, the CEO now directly owns 1,119,625 shares of the company’s stock, valued at approximately $71,566,430. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In related news, Vice President William R. Boyd sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $64.04, for a total transaction of $3,202,000.00. Following the transaction, the vice president now directly owns 1,617,970 shares of the company’s stock, valued at approximately $103,614,798.80. The transaction was disclosed in his SEC filing, which can be accessed through this link. Also, CEO Keith Smith sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $63.92, for a total value of $4,794,000.00. Following the transaction, the CEO now directly owns 1,119,625 shares of the company’s stock, valued at $71,566,430. Disclosures regarding this sale can be found here. Insiders have sold 266,946 shares of company stock worth $17,197,988 in the past 90 days. 27.94% of the stock is owned by company insiders.
Boyd Gaming stock falls 1.9%
BYD stock opened Friday at $64.87. The company has a market capitalization of $6.23 billion, a P/E ratio of 10.63x, a PEG ratio of 2.96x, and a beta of 1.61x. Boyd Gaming Co. has a 12 month low of $52.42 and a 12 month high of $73.00. The stock’s 50-day moving average price is $63.63 and its 200-day moving average price is $61.86. The company’s current ratio is 0.89, quick ratio is 0.77, and debt-to-equity ratio is 1.65.
Boyd Gaming (NYSE:BYD – Get Free Report) last released its earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $954.41 million for the quarter, compared to the consensus estimate of $928.04 million. Boyd Gaming had a return on equity of 36.97% and a net profit margin of 16.58%. The business’ quarterly revenue increased 3.4% year over year. His EPS for the same business in the same period last year was $1.72. Analysts, on average, expect Boyd Gaming, Inc. to post $6.19 EPS for the current year.
Boyd Gaming increases dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid his $0.17 dividend. This equates to his $0.68 dividend and his 1.05% dividend yield on an annualized basis. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 14th. Boyd Gaming’s payout ratio is currently 10.49%.
Analyst sets new price target
Several equity analysts have recently published reports on the company. JPMorgan Chase & Co. raised their target price on Boyd Gaming from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. StockNews.com upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Truist Financial increased their target price on Boyd Gaming from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Wells Fargo & Company increased their target price on Boyd Gaming from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, Susquehanna restated a “neutral” rating on shares of Boyd Gaming and set a price target of $75.00 (down from $84.00) in a research report on Monday, February 12th. Four equity research analysts have rated the stock as a hold and six have rated it a buy. The company currently has an average rating of “Moderate Buy” and a consensus price target of $75.78, according to MarketBeat data.
Get the latest research report on Boyd Gaming
Boyd Gaming Company Profile
(Free report)
Boyd Gaming Corporation, along with its subsidiaries, operates as a multijurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through its Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online segments.
References
Curious if other hedge funds own BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Boyd Gaming Co. (NYSE:BYD – Free Report).
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