Boyd Gaming Co. (NYSE:BYD) Shares Acquired by Creative Planning

Creative Planning boosted its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,797 shares of the company’s stock after acquiring an additional 838 shares during the quarter. Creative Planning’s holdings in Boyd Gaming were worth $569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Long Pond Capital LP acquired a new stake in Boyd Gaming in the 2nd quarter valued at $20,440,000. Ariel Investments LLC lifted its stake in Boyd Gaming by 12.5% in the 2nd quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after buying an additional 335,984 shares in the last quarter. Boston Partners boosted its holdings in Boyd Gaming by 10.0% in the 1st quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after buying an additional 274,876 shares during the last quarter. Beck Bode LLC purchased a new stake in Boyd Gaming during the 1st quarter worth approximately $15,985,000. Finally, Scout Investments Inc. raised its holdings in shares of Boyd Gaming by 68.7% during the first quarter. Scout Investments Inc. now owns 487,441 shares of the company’s stock valued at $32,985,000 after acquiring an additional 198,490 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Stock Down 0.5 %

Shares of NYSE BYD opened at $68.31 on Tuesday. The stock has a market capitalization of $6.27 billion, a P/E ratio of 13.04, a PEG ratio of 9.04 and a beta of 1.55. 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 Co. has a 52 week low of $49.34 and a 52 week high of $72.22. The stock’s fifty day moving average is $63.55 and its 200 day moving average is $58.56.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.00%. Boyd Gaming’s dividend payout ratio (DPR) is presently 12.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BYD shares. Barclays upped their price target on Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Truist Financial upped their price target on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Seven investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Insiders Place Their Bets

In other news, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction dated 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 owns 1,096 shares in the company, valued at $66,154.56. 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 available at the SEC website. In other news, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction 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 transaction, the director now owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $60.23, for a total value of $4,404,619.90. Following the completion of the sale, the chairman now directly owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,527 shares of company stock valued at $6,224,086. Company 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.