Charles Schwab Investment Management Inc. Purchases 54,128 Shares of Boyd Gaming Co. (NYSE:BYD)

Charles Schwab Investment Management Inc. grew its position in Boyd Gaming Co. (NYSE:BYD) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 971,921 shares of the company’s stock after buying an additional 54,128 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Boyd Gaming worth $62,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in Boyd Gaming by 4.9% in the first quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock valued at $360,000 after purchasing an additional 249 shares in the last quarter. Tidal Investments LLC grew its stake in Boyd Gaming by 5.7% in the first quarter. Tidal Investments LLC now owns 11,578 shares of the company’s stock valued at $779,000 after acquiring an additional 627 shares during the period. Comerica Bank increased its holdings in shares of Boyd Gaming by 103.1% in the first quarter. Comerica Bank now owns 42,898 shares of the company’s stock worth $2,888,000 after acquiring an additional 21,772 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in shares of Boyd Gaming by 13.4% during the second quarter. Cascade Investment Advisors Inc. now owns 20,556 shares of the company’s stock worth $1,133,000 after purchasing an additional 2,435 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Boyd Gaming by 2.5% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,144 shares of the company’s stock valued at $945,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

Shares of NYSE BYD opened at $73.86 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The stock has a 50 day moving average price of $68.00 and a 200 day moving average price of $60.53. The stock has a market capitalization of $6.53 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 9.59 and a beta of 1.55. Boyd Gaming Co. has a 52 week low of $49.34 and a 52 week high of $74.78.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of research reports. Bank of America increased their target price on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Stifel Nicolaus raised their price objective on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Barclays boosted their price objective on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Truist Financial increased their target price on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

Insider Transactions at Boyd Gaming

In other news, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the transaction, the director now directly owns 1,487,970 shares in the company, valued at $103,190,719.50. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Josh Hirsberg sold 21,549 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the completion of the sale, the chief financial officer now owns 438,615 shares of the company’s stock, valued at $31,330,269.45. This trade represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,704 shares of company stock worth $10,540,944 in the last 90 days. Corporate 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.