Boyd Gaming Corporation (NYSE:BYD) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its holdings in Boyd Gaming Corporation (NYSE:BYD) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,799 shares of the company’s stock after purchasing an additional 3,543 shares during the period. LPL Financial LLC owned about 0.14% of Boyd Gaming worth $7,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC raised its holdings in shares of Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock valued at $42,000 after acquiring an additional 273 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Boyd Gaming by 68.0% during the first quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $51,000 after purchasing an additional 313 shares in the last quarter. UMB Bank n.a. raised its stake in Boyd Gaming by 156.0% in the 1st quarter. UMB Bank n.a. now owns 1,006 shares of the company’s stock valued at $66,000 after purchasing an additional 613 shares during the last quarter. Investment Counsel Co. of Nevada acquired a new position in Boyd Gaming in the 4th quarter valued at $73,000. Finally, Golden State Wealth Management LLC lifted its holdings in Boyd Gaming by 76.9% in the 1st quarter. Golden State Wealth Management LLC now owns 1,636 shares of the company’s stock valued at $108,000 after purchasing an additional 711 shares in the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boyd Gaming

In other news, COO Ted Bogich sold 16,497 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $83.18, for a total transaction of $1,372,220.46. Following the completion of the transaction, the chief operating officer directly owned 45,116 shares in the company, valued at $3,752,748.88. This trade represents a 26.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen S. Thompson sold 15,906 shares of Boyd Gaming stock in a transaction on Friday, August 1st. The shares were sold at an average price of $83.25, for a total value of $1,324,174.50. Following the completion of the sale, the insider directly owned 38,609 shares of the company’s stock, valued at $3,214,199.25. The trade was a 29.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.97% of the company’s stock.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Boyd Gaming from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Macquarie upped their price objective on shares of Boyd Gaming from $74.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Morgan Stanley reissued a “sell” rating on shares of Boyd Gaming in a research note on Friday, July 11th. Raymond James Financial upped their price target on Boyd Gaming from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. assumed coverage on Boyd Gaming in a report on Monday, June 23rd. They issued a “neutral” rating and a $79.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.62.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $81.93 on Monday. The firm has a market cap of $6.57 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.53. Boyd Gaming Corporation has a 52 week low of $55.55 and a 52 week high of $87.76. The business’s fifty day simple moving average is $79.88 and its 200-day simple moving average is $74.31.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.20. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $976.81 million. Boyd Gaming had a net margin of 14.02% and a return on equity of 40.65%. Boyd Gaming’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. Equities analysts forecast that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

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.