Raymond James & Associates Grows Stock Position in Boyd Gaming Co. (NYSE:BYD)

Raymond James & Associates lifted its stake in Boyd Gaming Co. (NYSE:BYD) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,439 shares of the company’s stock after buying an additional 403 shares during the period. Raymond James & Associates owned approximately 0.07% of Boyd Gaming worth $4,360,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BYD. Allspring Global Investments Holdings LLC increased its holdings in shares of Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 189 shares during the period. State of Michigan Retirement System increased its holdings in shares of Boyd Gaming by 2.4% in the first quarter. State of Michigan Retirement System now owns 17,024 shares of the company’s stock worth $1,146,000 after buying an additional 400 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Boyd Gaming by 115.0% in the first quarter. BNP Paribas Financial Markets now owns 67,755 shares of the company’s stock worth $4,561,000 after buying an additional 36,237 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of Boyd Gaming by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 60,810 shares of the company’s stock worth $4,094,000 after buying an additional 786 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Boyd Gaming in the first quarter worth about $222,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Activity

In other news, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction, the director now directly owns 1,096 shares in the company, valued at $66,154.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 1,487,970 shares of the company’s stock, valued at approximately $103,190,719.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,527 shares of company stock worth $6,224,086. Insiders own 27.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BYD shares. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their target price on Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays raised their target price on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised 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. Finally, Macquarie cut their target price on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boyd Gaming currently has an average rating of “Moderate Buy” and a consensus price target of $91.38.

Boyd Gaming Stock Performance

Boyd Gaming stock opened at $68.66 on Friday. The stock’s 50 day simple moving average is $63.55 and its two-hundred day simple moving average is $58.64. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $72.22. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 9.19 and a beta of 1.57. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.79 and a current ratio of 0.83.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 0.99%. Boyd Gaming’s payout ratio is 12.98%.

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.