Beacon Financial Group raised its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,600 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Beacon Financial Group’s holdings in Boyd Gaming were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. lifted its position in Boyd Gaming by 3.6% during the fourth quarter. BlackRock Inc. now owns 10,077,493 shares of the company’s stock valued at $209,410,000 after purchasing an additional 353,720 shares during the last quarter. Vanguard Group Inc lifted its position in Boyd Gaming by 0.3% during the third quarter. Vanguard Group Inc now owns 7,137,397 shares of the company’s stock valued at $241,601,000 after purchasing an additional 18,695 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Boyd Gaming by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,137,397 shares of the company’s stock worth $241,601,000 after acquiring an additional 18,695 shares during the last quarter. FMR LLC lifted its holdings in shares of Boyd Gaming by 15.1% in the 4th quarter. FMR LLC now owns 5,983,356 shares of the company’s stock worth $124,334,000 after acquiring an additional 783,983 shares during the last quarter. Finally, Valinor Management L.P. lifted its holdings in shares of Boyd Gaming by 5.7% in the 4th quarter. Valinor Management L.P. now owns 2,701,900 shares of the company’s stock worth $56,146,000 after acquiring an additional 146,600 shares during the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

NYSE:BYD traded down $0.06 during midday trading on Thursday, reaching $29.60. 14,138 shares of the stock traded hands, compared to its average volume of 1,323,789. Boyd Gaming Co. has a 12 month low of $18.98 and a 12 month high of $39.35. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $3.32 billion, a P/E ratio of 22.17, a P/E/G ratio of 0.77 and a beta of 2.11.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. Boyd Gaming had a net margin of 4.38% and a return on equity of 13.41%. The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $774.43 million. During the same period in the prior year, the business posted $0.22 EPS. The firm’s revenue was up 33.0% compared to the same quarter last year. As a group, analysts anticipate that Boyd Gaming Co. will post 1.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Boyd Gaming’s dividend payout ratio is currently 18.05%.

BYD has been the subject of a number of recent research reports. ValuEngine lowered shares of Boyd Gaming from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Zacks Investment Research upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, December 31st. TheStreet upgraded shares of Boyd Gaming from a “c+” rating to a “b” rating in a report on Monday, March 25th. Morgan Stanley upgraded shares of Boyd Gaming from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $35.00 to $31.00 in a report on Thursday, December 20th. Finally, Stifel Nicolaus upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $37.00 to $33.00 in a report on Friday, January 11th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.75.

In other Boyd Gaming news, CEO Keith Smith sold 100,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.41, for a total transaction of $2,941,000.00. Following the transaction, the chief executive officer now directly owns 1,339,355 shares of the company’s stock, valued at approximately $39,390,430.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP William R. Boyd sold 4,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.60, for a total transaction of $114,400.00. Following the transaction, the vice president now directly owns 34,015 shares in the company, valued at $972,829. The disclosure for this sale can be found here. Insiders have sold a total of 166,579 shares of company stock valued at $4,893,971 over the last quarter. 29.35% of the stock is currently owned by company insiders.

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Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Read More: Gross Domestic Product (GDP)

Institutional Ownership by Quarter for Boyd Gaming (NYSE:BYD)

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