Pillsbury Lake Capital LLC Makes New Investment in Boyd Group Services Inc. $BGSI

Pillsbury Lake Capital LLC bought a new stake in Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 110,928 shares of the company’s stock, valued at approximately $10,492,841. Boyd Group Services accounts for approximately 0.0% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 17th biggest holding. Pillsbury Lake Capital LLC owned 0.40% of Boyd Group Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FIL Ltd bought a new position in Boyd Group Services during the fourth quarter worth $411,269,000. Mackenzie Financial Corp bought a new position in shares of Boyd Group Services during the 4th quarter worth approximately $327,955,000. Bank of Montreal Can purchased a new position in shares of Boyd Group Services during the fourth quarter worth about $209,537,000. Royal Bank of Canada bought a new position in shares of Boyd Group Services in the 4th quarter worth approximately $204,276,000. Finally, Vanguard Group Inc. bought a new position in shares of Boyd Group Services in the fourth quarter worth about $187,263,000. 0.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Up 0.3%

BGSI traded up $0.22 on Friday, hitting $86.31. The company had a trading volume of 33,157 shares, compared to its average volume of 47,680. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 187.63 and a beta of 0.72. The stock has a fifty day moving average price of $97.88 and a 200-day moving average price of $119.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. Boyd Group Services Inc. has a 12-month low of $84.30 and a 12-month high of $183.10.

Boyd Group Services (NYSE:BGSI) last announced its earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Analysts predict that Boyd Group Services Inc. will post 3.43 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were issued a dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. Boyd Group Services’s dividend payout ratio (DPR) is 95.65%.

Boyd Group Services Company Profile

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.