DekaBank Deutsche Girozentrale Buys 4,328 Shares of Boyd Gaming Co. (NYSE:BYD)

DekaBank Deutsche Girozentrale lifted its stake in Boyd Gaming Co. (NYSE:BYD) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,703 shares of the company’s stock after acquiring an additional 4,328 shares during the period. DekaBank Deutsche Girozentrale owned 0.05% of Boyd Gaming worth $2,688,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of Boyd Gaming by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock valued at $63,349,000 after acquiring an additional 189,226 shares in the last quarter. Choreo LLC increased its position in Boyd Gaming by 879.8% in the 2nd quarter. Choreo LLC now owns 29,226 shares of the company’s stock worth $1,573,000 after buying an additional 26,243 shares during the period. Victory Capital Management Inc. increased its position in Boyd Gaming by 4.7% in the 2nd quarter. Victory Capital Management Inc. now owns 14,522 shares of the company’s stock worth $800,000 after buying an additional 647 shares during the period. Fortem Financial Group LLC increased its position in Boyd Gaming by 3.9% in the 2nd quarter. Fortem Financial Group LLC now owns 17,966 shares of the company’s stock worth $990,000 after buying an additional 677 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in Boyd Gaming by 24.6% in the 2nd quarter. Aptus Capital Advisors LLC now owns 59,417 shares of the company’s stock worth $3,274,000 after buying an additional 11,742 shares during the period. 76.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus lifted their price target on Boyd Gaming from $65.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Macquarie dropped their price target on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Bank of America lifted their price target on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley raised Boyd Gaming from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $74.00 in a report on Wednesday, September 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.31.

Boyd Gaming Price Performance

Shares of BYD stock opened at $62.97 on Thursday. The stock’s fifty day simple moving average is $58.70 and its 200 day simple moving average is $58.38. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 8.56 and a beta of 1.57. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $68.46.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. The business had revenue of $967.50 million for the quarter, compared to analyst estimates of $909.49 million. Boyd Gaming had a return on equity of 34.29% and a net margin of 13.32%. Boyd Gaming’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS. On average, analysts expect that Boyd Gaming Co. will post 6.25 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, September 13th. Boyd Gaming’s dividend payout ratio is currently 12.21%.

Insiders Place Their Bets

In other news, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now owns 1,096 shares in the company, valued at $66,154.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now owns 1,096 shares in the company, valued at $66,154.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total value of $4,404,619.90. Following the sale, the chairman now owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. The disclosure for this sale can be found here. Insiders own 27.94% of the company’s stock.

About Boyd Gaming

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.