WINTON GROUP Ltd Buys Shares of 69,803 Boyd Gaming Corporation $BYD

WINTON GROUP Ltd acquired a new stake in shares of Boyd Gaming Corporation (NYSE:BYD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 69,803 shares of the company’s stock, valued at approximately $6,034,000.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Boyd Gaming by 219.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock valued at $29,000 after acquiring an additional 255 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Boyd Gaming during the 2nd quarter valued at $39,000. True Wealth Design LLC raised its holdings in shares of Boyd Gaming by 162.1% during the 3rd quarter. True Wealth Design LLC now owns 532 shares of the company’s stock valued at $46,000 after purchasing an additional 329 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in Boyd Gaming in the third quarter worth $48,000. 76.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boyd Gaming

In other news, insider Stephen S. Thompson sold 19,530 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $83.59, for a total value of $1,632,512.70. Following the sale, the insider owned 22,009 shares of the company’s stock, valued at approximately $1,839,732.31. This represents a 47.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Boyd sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $84.84, for a total transaction of $2,545,200.00. Following the sale, the director directly owned 1,930,447 shares in the company, valued at $163,779,123.48. This represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 73,454 shares of company stock valued at $6,231,827. 21.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BYD. Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a report on Monday, December 29th. Wells Fargo & Company lowered their price objective on Boyd Gaming from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. UBS Group set a $110.00 price objective on Boyd Gaming in a research note on Wednesday, December 24th. Citigroup initiated coverage on Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 target price for the company. Finally, Truist Financial set a $110.00 price target on Boyd Gaming in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.58.

Boyd Gaming Stock Up 0.5%

BYD opened at $80.50 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 3.54, a P/E/G ratio of 1.69 and a beta of 1.20. The business has a 50 day moving average of $84.78 and a 200-day moving average of $83.79. Boyd Gaming Corporation has a 1-year low of $58.94 and a 1-year high of $89.96.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.33. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 EPS. As a group, sell-side analysts anticipate that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.20 per share. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 16th. Boyd Gaming’s dividend payout ratio is currently 3.16%.

Boyd Gaming Company 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.