Wealth Enhancement Advisory Services LLC Acquires New Shares in Boyd Gaming Co. (NYSE:BYD)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Boyd Gaming Co. (NYSE:BYD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,723 shares of the company’s stock, valued at approximately $241,000.

A number of other large investors have also recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in shares of Boyd Gaming in the 2nd quarter valued at about $29,000. Allspring Global Investments Holdings LLC lifted its position in Boyd Gaming by 57.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 189 shares during the last quarter. Blue Trust Inc. grew its stake in Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after buying an additional 288 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Boyd Gaming in the 1st quarter worth $90,000. Finally, Covestor Ltd raised its position in shares of Boyd Gaming by 132.6% during the 1st quarter. Covestor Ltd now owns 1,742 shares of the company’s stock valued at $117,000 after buying an additional 993 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Christine J. Spadafor sold 1,242 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Boyd Gaming news, CFO Josh Hirsberg sold 21,549 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the completion of the transaction, the chief financial officer now owns 438,615 shares of the company’s stock, valued at approximately $31,330,269.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction that occurred 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 of the company’s stock, valued at $66,154.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,076 shares of company stock worth $7,763,331 over the last three months. 27.94% of the stock is currently owned by corporate insiders.

Boyd Gaming Price Performance

Shares of BYD stock opened at $74.12 on Tuesday. The business’s fifty day moving average is $64.95 and its 200 day moving average is $58.91. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 9.61 and a beta of 1.55. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $74.78.

Boyd Gaming Announces Dividend

The business 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 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s dividend payout ratio (DPR) is 12.98%.

Wall Street Analyst Weigh In

BYD has been the subject of several research reports. Barclays upped their target price on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Macquarie decreased their price objective on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus upped their target price on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Truist Financial lifted their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.