Farther Finance Advisors LLC Purchases 802 Shares of Boyd Gaming Co. (NYSE:BYD)

Farther Finance Advisors LLC lifted its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 921.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 889 shares of the company’s stock after acquiring an additional 802 shares during the period. Farther Finance Advisors LLC’s holdings in Boyd Gaming were worth $57,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. New York State Common Retirement Fund grew its stake in shares of Boyd Gaming by 24.5% during the third quarter. New York State Common Retirement Fund now owns 402,584 shares of the company’s stock worth $26,027,000 after acquiring an additional 79,103 shares during the last quarter. US Bancorp DE grew its stake in shares of Boyd Gaming by 21.0% during the third quarter. US Bancorp DE now owns 2,590 shares of the company’s stock worth $167,000 after acquiring an additional 449 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Boyd Gaming by 2.4% during the third quarter. Pinnacle Associates Ltd. now owns 679,178 shares of the company’s stock worth $42,523,000 after acquiring an additional 16,159 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Boyd Gaming by 1.1% during the third quarter. State of Alaska Department of Revenue now owns 48,033 shares of the company’s stock worth $3,105,000 after acquiring an additional 540 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Boyd Gaming during the third quarter worth about $241,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Down 0.4 %

NYSE BYD opened at $73.55 on Thursday. The business has a fifty day moving average price of $65.48 and a 200 day moving average price of $59.16. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $74.78. 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 company has a market cap of $6.50 billion, a P/E ratio of 14.04, a P/E/G ratio of 9.64 and a beta of 1.55.

Boyd Gaming Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s dividend payout ratio is currently 12.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Morgan Stanley upped their target price on Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America upped their target price on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Stifel Nicolaus upped their target price on Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Mizuho reiterated an “outperform” rating and issued a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.38.

Insider Activity at Boyd Gaming

In related news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction on Monday, August 26th. The stock was 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 of the company’s stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction on Monday, August 26th. The stock was 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 of the company’s stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the company’s stock in a transaction on 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 owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,076 shares of company stock valued at $7,763,331. 27.94% of the stock is owned by insiders.

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.