Boyd Gaming Co. (NYSE:BYD) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 439,050 shares of the company’s stock after buying an additional 28,038 shares during the period. Sei Investments Co. owned 0.50% of Boyd Gaming worth $31,849,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Boston Partners boosted its position in shares of Boyd Gaming by 36.9% during the 4th quarter. Boston Partners now owns 3,955,544 shares of the company’s stock valued at $287,185,000 after acquiring an additional 1,065,887 shares during the last quarter. State Street Corp boosted its holdings in Boyd Gaming by 0.8% in the 3rd quarter. State Street Corp now owns 2,108,672 shares of the company’s stock valued at $136,680,000 after purchasing an additional 17,591 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Boyd Gaming by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,153,768 shares of the company’s stock valued at $74,611,000 after buying an additional 33,379 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Boyd Gaming by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,973 shares of the company’s stock worth $70,725,000 after buying an additional 3,052 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Boyd Gaming by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 925,884 shares of the company’s stock valued at $67,164,000 after buying an additional 16,979 shares during the period. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BYD shares. Barclays increased their price objective on Boyd Gaming from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, February 7th. StockNews.com cut shares of Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and boosted their price target for the company from $73.00 to $92.00 in a research note on Friday, January 3rd. Finally, Argus raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Boyd Gaming presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.20.

Insiders Place Their Bets

In other Boyd Gaming news, Director William R. Boyd sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the transaction, the director now owns 1,472,970 shares of the company’s stock, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now directly owns 4,852 shares of the company’s stock, valued at $365,258.56. The trade was a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock valued at $5,158,490 in the last ninety days. Insiders own 27.94% of the company’s stock.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $68.25 on Wednesday. The business has a 50-day simple moving average of $74.13 and a 200-day simple moving average of $70.89. The company has a market cap of $5.72 billion, a PE ratio of 10.97, a P/E/G ratio of 4.46 and a beta of 1.55. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $80.50. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results 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 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $0.18 dividend. The ex-dividend date is Monday, March 17th. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.05%. Boyd Gaming’s dividend payout ratio (DPR) is currently 11.58%.

Boyd Gaming declared that its board has approved a stock repurchase program on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.