Toronto Dominion Bank Has $3.84 Million Position in Boyd Gaming Co. (NYSE:BYD)

Toronto Dominion Bank raised its holdings in Boyd Gaming Co. (NYSE:BYDGet Rating) by 78.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,102 shares of the company’s stock after acquiring an additional 34,000 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Boyd Gaming worth $3,835,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in shares of Boyd Gaming by 3.9% in the 2nd quarter. UBS Group AG now owns 176,969 shares of the company’s stock valued at $8,804,000 after purchasing an additional 6,694 shares during the last quarter. Martingale Asset Management L P raised its holdings in Boyd Gaming by 178.0% during the second quarter. Martingale Asset Management L P now owns 45,501 shares of the company’s stock valued at $2,264,000 after buying an additional 29,134 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Boyd Gaming by 7.0% in the second quarter. Bank of Montreal Can now owns 10,971 shares of the company’s stock worth $569,000 after buying an additional 716 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Boyd Gaming by 12.9% during the 2nd quarter. Principal Financial Group Inc. now owns 315,008 shares of the company’s stock worth $15,672,000 after acquiring an additional 36,033 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Boyd Gaming during the 2nd quarter valued at about $305,000. 92.40% of the stock is owned by institutional investors.

Boyd Gaming Stock Down 1.8 %

BYD stock opened at $59.73 on Friday. The business’s 50-day simple moving average is $54.15 and its 200 day simple moving average is $54.43. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 1.83. The company has a market cap of $6.23 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.82 and a beta of 1.84. Boyd Gaming Co. has a twelve month low of $46.10 and a twelve month high of $72.72.

Boyd Gaming (NYSE:BYDGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.16. The company had revenue of $877.26 million for the quarter, compared to analyst estimates of $859.03 million. Boyd Gaming had a return on equity of 41.21% and a net margin of 16.41%. Boyd Gaming’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 EPS. On average, research analysts anticipate that Boyd Gaming Co. will post 5.77 earnings per share for the current year.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Friday, September 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, September 29th. Boyd Gaming’s dividend payout ratio is 11.54%.

Insider Transactions at Boyd Gaming

In related news, VP William R. Boyd sold 50,000 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $55.58, for a total value of $2,779,000.00. Following the completion of the transaction, the vice president now owns 1,744,522 shares of the company’s stock, valued at $96,960,532.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP William R. Boyd sold 20,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $60.08, for a total value of $1,201,600.00. Following the sale, the vice president now owns 30,634 shares of the company’s stock, valued at approximately $1,840,490.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP William R. Boyd sold 50,000 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $55.58, for a total value of $2,779,000.00. Following the transaction, the vice president now owns 1,744,522 shares of the company’s stock, valued at $96,960,532.76. The disclosure for this sale can be found here. In the last three months, insiders sold 284,276 shares of company stock valued at $16,442,312. Company insiders own 27.94% of the company’s stock.

Wall Street Analyst Weigh In

BYD has been the subject of a number of recent analyst reports. Barclays upped their target price on Boyd Gaming from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 26th. Morgan Stanley began coverage on shares of Boyd Gaming in a report on Monday. They set an “underweight” rating and a $54.00 price objective for the company. JMP Securities lifted their target price on shares of Boyd Gaming from $65.00 to $67.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 26th. CBRE Group restated a “hold” rating and set a $60.00 price target on shares of Boyd Gaming in a report on Thursday, October 20th. Finally, Wells Fargo & Company lowered their price target on Boyd Gaming from $77.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, October 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.77.

Boyd Gaming Company Profile

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Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

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Institutional Ownership by Quarter for Boyd Gaming (NYSE:BYD)

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