Jupiter Topco LLC Invests $3.89 Million in Boyd Gaming Corporation $BYD

Jupiter Topco LLC bought a new stake in shares of Boyd Gaming Corporation (NYSE:BYD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 44,063 shares of the company’s stock, valued at approximately $3,892,000. Jupiter Topco LLC owned 0.06% of Boyd Gaming at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BYD. Altshuler Shaham Ltd bought a new position in Boyd Gaming in the 4th quarter worth approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Boyd Gaming during the fourth quarter valued at approximately $25,000. Advisors Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after buying an additional 196 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Boyd Gaming by 62.8% in the first quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $43,000 after buying an additional 203 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Boyd Gaming by 139.9% in the second quarter. Geneos Wealth Management Inc. now owns 619 shares of the company’s stock worth $48,000 after buying an additional 361 shares in the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Boyd Gaming Trading Down 1.7%

BYD opened at $76.30 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $85.28 and its two-hundred day moving average is $84.40. The company has a market capitalization of $5.54 billion, a P/E ratio of 3.36, a PEG ratio of 1.38 and a beta of 1.06. Boyd Gaming Corporation has a 52 week low of $76.24 and a 52 week high of $91.41.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Boyd Gaming had a return on equity of 22.52% and a net margin of 44.34%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 EPS. Analysts forecast that Boyd Gaming Corporation will post 7.29 earnings per share for the current year.

Boyd Gaming Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Boyd Gaming’s dividend payout ratio (DPR) is 3.52%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho set a $104.00 price target on shares of Boyd Gaming in a research note on Friday, July 24th. Weiss Ratings downgraded Boyd Gaming from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Texas Capital raised shares of Boyd Gaming to a “strong-buy” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company increased their target price on Boyd Gaming from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Susquehanna lifted their target price on Boyd Gaming from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $94.69.

Insider Activity at Boyd Gaming

In related news, CFO Josh Hirsberg sold 12,777 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.76, for a total value of $1,146,863.52. Following the completion of the transaction, the chief financial officer owned 422,969 shares of the company’s stock, valued at $37,965,697.44. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 22.82% of the company’s stock.

Boyd Gaming Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.