Boyd Gaming Co. (NYSE:BYD) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Boyd Gaming Co. (NYSE:BYD) by 11,891.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,117 shares of the company’s stock after purchasing an additional 61,599 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Boyd Gaming worth $4,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in Boyd Gaming during the 2nd quarter worth about $29,000. Blue Trust Inc. boosted its holdings in Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after purchasing an additional 288 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Boyd Gaming in the first quarter valued at approximately $90,000. Covestor Ltd raised its holdings in Boyd Gaming by 132.6% during the first quarter. Covestor Ltd now owns 1,742 shares of the company’s stock worth $117,000 after purchasing an additional 993 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Boyd Gaming by 13.4% during the 2nd quarter. Signaturefd LLC now owns 2,728 shares of the company’s stock worth $150,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.36, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Boyd Gaming news, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the transaction, the director now directly owns 1,096 shares in the company, valued at approximately $66,154.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of Boyd Gaming stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.94% of the company’s stock.

Boyd Gaming Stock Performance

Shares of BYD stock opened at $71.65 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 1.70. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $72.18. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 12.86 and a beta of 1.57. The stock has a 50 day simple moving average of $62.68 and a 200-day simple moving average of $58.40.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s dividend payout ratio (DPR) is currently 12.21%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BYD. Truist Financial boosted their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley lifted their target price on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Macquarie dropped their price objective on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

Boyd Gaming Company Profile

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.