Zurcher Kantonalbank Zurich Cantonalbank Has $1.01 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,188 shares of the company’s stock after acquiring an additional 1,115 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boyd Gaming were worth $1,014,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Signet Financial Management LLC increased its holdings in shares of Boyd Gaming by 1.4% during the 4th quarter. Signet Financial Management LLC now owns 28,002 shares of the company’s stock valued at $1,753,000 after acquiring an additional 390 shares during the last quarter. Private Client Services LLC acquired a new position in shares of Boyd Gaming during the 4th quarter valued at about $637,000. Louisiana State Employees Retirement System acquired a new position in shares of Boyd Gaming during the 4th quarter valued at about $1,221,000. Cerity Partners LLC increased its holdings in shares of Boyd Gaming by 18.3% during the 4th quarter. Cerity Partners LLC now owns 6,818 shares of the company’s stock valued at $427,000 after acquiring an additional 1,053 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Boyd Gaming during the 4th quarter valued at about $117,720,000. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Marianne Boyd Johnson sold 77,661 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.87, for a total transaction of $5,037,869.07. Following the completion of the transaction, the chairman now owns 1,511,433 shares in the company, valued at approximately $98,046,658.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Ted Bogich sold 41,631 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.79, for a total transaction of $2,697,272.49. Following the completion of the sale, the chief operating officer now directly owns 66,803 shares of the company’s stock, valued at approximately $4,328,166.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marianne Boyd Johnson sold 77,661 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.87, for a total value of $5,037,869.07. Following the sale, the chairman now directly owns 1,511,433 shares of the company’s stock, valued at $98,046,658.71. The disclosure for this sale can be found here. Insiders sold 582,910 shares of company stock worth $37,299,461 in the last 90 days. 27.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BYD. JPMorgan Chase & Co. lowered Boyd Gaming from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $67.00 in a report on Friday. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Morgan Stanley raised their target price on Boyd Gaming from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Barclays lowered their target price on Boyd Gaming from $70.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Wells Fargo & Company lowered their target price on Boyd Gaming from $82.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.20.

Boyd Gaming Price Performance

Shares of BYD stock opened at $53.18 on Friday. The stock has a 50 day moving average of $63.98 and a two-hundred day moving average of $62.03. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Boyd Gaming Co. has a 12 month low of $52.42 and a 12 month high of $73.00. The company has a market capitalization of $5.09 billion, a P/E ratio of 9.55, a P/E/G ratio of 2.94 and a beta of 1.60.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $954.41 million during the quarter, compared to the consensus estimate of $928.04 million. Boyd Gaming had a return on equity of 34.77% and a net margin of 14.91%. Boyd Gaming’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. As a group, equities analysts expect that Boyd Gaming Co. will post 6.19 EPS for the current year.

Boyd Gaming Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, March 14th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.16. Boyd Gaming’s dividend payout ratio (DPR) is 12.21%.

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.