Boyd Gaming Co. (NYSE:BYD) Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Boyd Gaming Co. (NYSE:BYD) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,738 shares of the company’s stock after selling 1,192 shares during the quarter. Yousif Capital Management LLC’s holdings in Boyd Gaming were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. Cetera Trust Company N.A increased its holdings in shares of Boyd Gaming by 5.4% in the 3rd quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock valued at $215,000 after acquiring an additional 170 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Covestor Ltd increased its holdings in shares of Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after acquiring an additional 208 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Boyd Gaming by 0.9% in the 3rd quarter. KBC Group NV now owns 25,407 shares of the company’s stock valued at $1,643,000 after acquiring an additional 232 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Trading Up 0.6 %

Shares of BYD stock opened at $78.57 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. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50. The stock has a fifty day moving average of $74.39 and a two-hundred day moving average of $68.12. The firm has a market capitalization of $6.95 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.38 and a beta of 1.54.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, February 6th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.21. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. As a group, research analysts expect that Boyd Gaming Co. will post 6.57 EPS for the current year.

Boyd Gaming declared that its board has authorized a share buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, December 16th. This represents a $0.68 annualized dividend and a yield of 0.87%. Boyd Gaming’s dividend payout ratio is currently 10.93%.

Insider Activity at Boyd Gaming

In related news, Chairman Marianne Boyd Johnson sold 50,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the completion of the transaction, the chairman now owns 1,346,628 shares in the company, valued at $104,606,063.04. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Keith Smith sold 30,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $71.77, for a total value of $2,153,100.00. Following the completion of the transaction, the chief executive officer now owns 1,131,202 shares of the company’s stock, valued at $81,186,367.54. This trade represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,660 shares of company stock valued at $8,251,549 over the last 90 days. 27.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BYD shares. Truist Financial boosted their price target on Boyd Gaming from $85.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Stifel Nicolaus upped their price objective on Boyd Gaming from $74.00 to $82.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Barclays upped their price objective on Boyd Gaming from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, Morgan Stanley upped their price objective on Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.00.

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.