Blue Trust Inc. Sells 338 Shares of Boyd Gaming Co. (NYSE:BYD)

Blue Trust Inc. cut its stake in Boyd Gaming Co. (NYSE:BYD) by 43.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445 shares of the company’s stock after selling 338 shares during the period. Blue Trust Inc.’s holdings in Boyd Gaming were worth $29,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Boyd Gaming in the second quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC boosted its holdings in Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 189 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Boyd Gaming in the first quarter valued at approximately $90,000. Covestor Ltd boosted its holdings in shares of Boyd Gaming by 132.6% during the 1st quarter. Covestor Ltd now owns 1,742 shares of the company’s stock worth $117,000 after buying an additional 993 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings 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 in the last quarter. 76.81% of the stock is currently owned by institutional investors.

Insider Activity at Boyd Gaming

In related news, Director William R. Boyd sold 25,155 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total value of $1,744,499.25. Following the completion of the sale, the director now directly owns 1,487,970 shares of the company’s stock, valued at approximately $103,190,719.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director William R. Boyd sold 25,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the sale, the director now directly owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.36, for a total value of $74,967.12. Following the sale, the director now directly owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,527 shares of company stock valued at $6,224,086. 27.94% of the stock is owned by insiders.

Analyst Ratings Changes

BYD has been the topic of a number of research analyst reports. Barclays increased their price target on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Truist Financial increased their price target on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America increased their price target on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.38.

Boyd Gaming Trading Down 0.9 %

NYSE BYD opened at $68.66 on Friday. The firm has a market capitalization of $6.30 billion, a P/E ratio of 13.10, a PEG ratio of 9.19 and a beta of 1.57. The business has a fifty day simple moving average of $63.55 and a 200 day simple moving average of $58.64. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $72.22. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, September 13th. Boyd Gaming’s payout ratio is currently 12.98%.

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.