925 Shares in Boyd Gaming Co. (NYSE:BYD) Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new position in Boyd Gaming Co. (NYSE:BYD) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 925 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UMB Bank n.a. lifted its stake in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock worth $29,000 after buying an additional 175 shares in the last quarter. GAMMA Investing LLC raised its holdings in Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares during the last quarter. Covestor Ltd lifted its position in 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 in the last quarter. Quarry LP boosted its stake in Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock valued at $56,000 after purchasing an additional 524 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Boyd Gaming by 921.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after purchasing an additional 802 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

Boyd Gaming stock opened at $77.65 on Tuesday. The company has a market cap of $6.86 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 4.38 and a beta of 1.54. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average price is $74.15 and its 200-day moving average price is $67.75. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. On average, equities research analysts forecast that Boyd Gaming Co. will post 6.57 EPS for the current fiscal year.

Boyd Gaming announced that its board has authorized a share buyback program on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, December 16th. Boyd Gaming’s dividend payout ratio (DPR) is presently 10.93%.

Insiders Place Their Bets

In other Boyd Gaming news, CEO Keith Smith sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $71.77, for a total transaction of $2,153,100.00. Following the transaction, the chief executive officer now directly owns 1,131,202 shares in the company, valued at $81,186,367.54. This trade represents a 2.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine J. Spadafor sold 660 shares of Boyd Gaming stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $75.68, for a total value of $49,948.80. Following the sale, the director now directly owns 5,977 shares of the company’s stock, valued at approximately $452,339.36. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,660 shares of company stock worth $7,307,149 over the last quarter. Company insiders own 27.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BYD shares. JPMorgan Chase & Co. increased their price objective on Boyd Gaming from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Mizuho lifted their price target on shares of Boyd Gaming from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday. Stifel Nicolaus increased their target price on Boyd Gaming from $74.00 to $82.00 and gave the company a “hold” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Boyd Gaming in a report on Friday. Finally, StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Boyd Gaming Company 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.