Yousif Capital Management LLC Purchases 278 Shares of Boyd Gaming Corporation (NYSE:BYD)

Yousif Capital Management LLC increased its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,016 shares of the company’s stock after purchasing an additional 278 shares during the period. Yousif Capital Management LLC’s holdings in Boyd Gaming were worth $923,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC raised its stake in Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock worth $42,000 after acquiring an additional 273 shares in the last quarter. UMB Bank n.a. raised its stake in Boyd Gaming by 156.0% during the first quarter. UMB Bank n.a. now owns 1,006 shares of the company’s stock worth $66,000 after acquiring an additional 613 shares in the last quarter. Investment Counsel Co. of Nevada acquired a new position in Boyd Gaming during the fourth quarter worth $73,000. Allworth Financial LP raised its stake in Boyd Gaming by 2,735.1% during the fourth quarter. Allworth Financial LP now owns 1,049 shares of the company’s stock worth $79,000 after acquiring an additional 1,012 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Boyd Gaming during the fourth quarter worth $109,000. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $76.07 on Thursday. The business’s 50-day simple moving average is $71.48 and its 200 day simple moving average is $72.14. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.96 and a beta of 1.26. Boyd Gaming Corporation has a 12-month low of $51.62 and a 12-month high of $80.50. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 2.57.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.10. The business had revenue of $991.57 million for the quarter, compared to analysts’ expectations of $976.38 million. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 earnings per share. As a group, research analysts anticipate that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming’s dividend payout ratio (DPR) is currently 11.75%.

Analyst Ratings Changes

Several research firms have issued reports on BYD. Mizuho dropped their price objective on Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley decreased their target price on Boyd Gaming from $75.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Truist Financial lowered their target price on Boyd Gaming from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Macquarie restated a “neutral” rating and issued a $74.00 target price on shares of Boyd Gaming in a research note on Friday, April 25th. Finally, Barclays lowered their target price on Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming presently has a consensus rating of “Moderate Buy” and an average target price of $80.08.

About Boyd Gaming

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.