SG Americas Securities LLC Acquires Shares of 12,225 Boyd Gaming Corporation (NYSE:BYD)

SG Americas Securities LLC acquired a new stake in shares of Boyd Gaming Corporation (NYSE:BYD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,225 shares of the company’s stock, valued at approximately $805,000.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers increased its position in Boyd Gaming by 1.0% during the fourth quarter. Rhumbline Advisers now owns 185,714 shares of the company’s stock valued at $13,472,000 after acquiring an additional 1,797 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Boyd Gaming in the 4th quarter valued at $43,273,000. Ameriprise Financial Inc. boosted its stake in Boyd Gaming by 19.1% during the fourth quarter. Ameriprise Financial Inc. now owns 193,768 shares of the company’s stock valued at $14,057,000 after buying an additional 31,130 shares during the last quarter. Truist Financial Corp boosted its stake in Boyd Gaming by 20.7% during the fourth quarter. Truist Financial Corp now owns 4,458 shares of the company’s stock valued at $323,000 after buying an additional 765 shares during the last quarter. Finally, GC Wealth Management RIA LLC bought a new position in Boyd Gaming during the fourth quarter valued at approximately $307,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

NYSE BYD opened at $76.07 on Friday. Boyd Gaming Corporation has a twelve month low of $51.62 and a twelve month high of $80.50. The stock has a 50-day moving average of $71.71 and a 200 day moving average of $72.15. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.97 and a beta of 1.26.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The company had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. Boyd Gaming’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.51 EPS. Sell-side analysts anticipate that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a $0.18 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 0.95%. Boyd Gaming’s payout ratio is 11.75%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Boyd Gaming from $75.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Mizuho cut their price target on Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Macquarie restated a “neutral” rating and set a $74.00 target price on shares of Boyd Gaming in a research note on Friday, April 25th. Susquehanna lifted their price target on Boyd Gaming from $75.00 to $76.00 and gave the stock a “positive” rating in a research report on Friday, April 25th. Finally, Stifel Nicolaus boosted their price objective on Boyd Gaming from $71.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.