Boyd Gaming Co. (NYSE:BYD) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 66.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,971 shares of the company’s stock after purchasing an additional 7,572 shares during the quarter. XTX Topco Ltd’s holdings in Boyd Gaming were worth $1,045,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Cohen & Steers Inc. boosted its holdings in shares of Boyd Gaming by 34.4% during the fourth quarter. Cohen & Steers Inc. now owns 4,747,662 shares of the company’s stock worth $297,270,000 after purchasing an additional 1,216,121 shares during the last quarter. Boston Partners boosted its holdings in shares of Boyd Gaming by 10.0% during the first quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after purchasing an additional 274,876 shares during the last quarter. Bamco Inc. NY boosted its holdings in shares of Boyd Gaming by 4.0% during the first quarter. Bamco Inc. NY now owns 1,899,344 shares of the company’s stock worth $127,864,000 after purchasing an additional 73,491 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Boyd Gaming by 19.7% during the second quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock worth $63,349,000 after purchasing an additional 189,226 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Boyd Gaming by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company’s stock worth $67,485,000 after purchasing an additional 3,087 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insiders Place Their Bets

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of Boyd Gaming stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now directly owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of Boyd Gaming stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now directly owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 1,096 shares of the company’s stock, valued at $66,154.56. The disclosure for this sale can be found here. 27.94% of the stock is owned by company insiders.

Boyd Gaming Price Performance

Shares of BYD stock opened at $64.03 on Friday. The firm has a fifty day simple moving average of $59.14 and a 200-day simple moving average of $58.42. The company has a market capitalization of $6.07 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 8.56 and a beta of 1.57. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $68.46. 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 (NYSE:BYD) last announced its earnings results on Thursday, July 25th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. Boyd Gaming had a return on equity of 34.29% and a net margin of 13.32%. The company had revenue of $967.50 million during the quarter, compared to the consensus estimate of $909.49 million. During the same period last year, the firm earned $1.58 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Boyd Gaming Co. will post 6.25 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 1.06%. Boyd Gaming’s dividend payout ratio is presently 12.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BYD shares. Bank of America raised their price objective on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Macquarie reduced their target price 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 lifted their target price on Boyd Gaming from $65.00 to $67.00 and gave the company a “hold” rating in a report on Friday, July 26th. StockNews.com upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Morgan Stanley upgraded Boyd Gaming from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $74.00 in a report on Wednesday, September 4th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.31.

Boyd Gaming 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.