LVZ Inc. Grows Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

LVZ Inc. grew its holdings in Boyd Gaming Co. (NYSE:BYDFree Report) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,359 shares of the company’s stock after acquiring an additional 432 shares during the period. LVZ Inc.’s holdings in Boyd Gaming were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Prospera Financial Services Inc raised its position in shares of Boyd Gaming by 3.1% during the 1st quarter. Prospera Financial Services Inc now owns 5,306 shares of the company’s stock valued at $340,000 after buying an additional 159 shares during the period. Sunbelt Securities Inc. raised its position in shares of Boyd Gaming by 15.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,575 shares of the company’s stock valued at $109,000 after buying an additional 205 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Boyd Gaming by 105.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 411 shares of the company’s stock valued at $25,000 after buying an additional 211 shares during the period. Great Lakes Advisors LLC raised its position in shares of Boyd Gaming by 3.7% during the 3rd quarter. Great Lakes Advisors LLC now owns 5,971 shares of the company’s stock valued at $363,000 after buying an additional 213 shares during the period. Finally, Lmcg Investments LLC raised its position in shares of Boyd Gaming by 2.2% during the 3rd quarter. Lmcg Investments LLC now owns 12,257 shares of the company’s stock valued at $746,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BYD shares. Barclays lifted their target price on shares of Boyd Gaming from $66.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $69.00 target price on shares of Boyd Gaming in a report on Friday, January 5th. Susquehanna reiterated a “neutral” rating and issued a $75.00 target price (down previously from $84.00) on shares of Boyd Gaming in a report on Monday, February 12th. Morgan Stanley boosted their price target on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Finally, Truist Financial boosted their price target on shares of Boyd Gaming from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Boyd Gaming currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

View Our Latest Stock Report on BYD

Boyd Gaming Stock Up 1.0 %

Shares of Boyd Gaming stock traded up $0.66 during trading on Wednesday, hitting $67.32. 115,391 shares of the stock were exchanged, compared to its average volume of 733,649. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 3.13 and a beta of 1.60. The firm’s 50-day moving average price is $64.18 and its 200 day moving average price is $61.61. Boyd Gaming Co. has a 12-month low of $52.42 and a 12-month high of $73.00. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.89 and a quick ratio of 0.85.

Boyd Gaming (NYSE:BYDGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 16.58% and a return on equity of 36.97%. Boyd Gaming’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. As a group, analysts forecast that Boyd Gaming Co. will post 6.19 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.17 per share. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 14th. Boyd Gaming’s dividend payout ratio (DPR) is currently 11.15%.

Insiders Place Their Bets

In other news, CEO Keith Smith sold 75,000 shares of the firm’s stock in a transaction dated 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 chief executive officer now directly owns 1,119,625 shares in the company, valued at approximately $71,566,430. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Boyd Gaming news, CFO Josh Hirsberg sold 22,654 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $64.75, for a total transaction of $1,466,846.50. Following the sale, the chief financial officer now directly owns 415,184 shares in the company, valued at approximately $26,883,164. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith Smith sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $63.92, for a total transaction of $4,794,000.00. Following the sale, the chief executive officer now owns 1,119,625 shares in the company, valued at $71,566,430. The disclosure for this sale can be found here. Insiders sold a total of 582,910 shares of company stock valued at $37,299,461 in the last ninety days. Corporate insiders own 28.40% of the company’s stock.

Boyd Gaming Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Gaming Co. (NYSE:BYDFree Report).

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

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.