Boyd Gaming Corporation $BYD Stock Position Raised by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in Boyd Gaming Corporation (NYSE:BYD) by 59.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,594 shares of the company’s stock after acquiring an additional 6,954 shares during the quarter. Edgestream Partners L.P.’s holdings in Boyd Gaming were worth $1,455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Boyd Gaming by 11.7% in the 2nd quarter. American Century Companies Inc. now owns 1,213,024 shares of the company’s stock valued at $94,895,000 after purchasing an additional 127,167 shares during the period. Franklin Resources Inc. raised its position in Boyd Gaming by 3.0% during the second quarter. Franklin Resources Inc. now owns 1,047,415 shares of the company’s stock valued at $81,939,000 after buying an additional 30,471 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Boyd Gaming by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 983,823 shares of the company’s stock worth $64,765,000 after acquiring an additional 8,850 shares in the last quarter. Norges Bank acquired a new stake in Boyd Gaming during the 2nd quarter worth about $54,933,000. Finally, Northern Trust Corp boosted its position in Boyd Gaming by 14.2% during the 1st quarter. Northern Trust Corp now owns 682,518 shares of the company’s stock worth $44,930,000 after acquiring an additional 85,087 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boyd Gaming

In other news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the transaction, the director owned 1,960,447 shares in the company, valued at approximately $157,541,520.92. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on BYD shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Boyd Gaming in a research report on Monday. Macquarie reissued a “neutral” rating and set a $90.00 price objective on shares of Boyd Gaming in a report on Friday, October 24th. Morgan Stanley boosted their target price on Boyd Gaming from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Mizuho upped their target price on Boyd Gaming from $89.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Boyd Gaming in a research report on Monday, September 8th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boyd Gaming has a consensus rating of “Hold” and a consensus target price of $89.54.

Boyd Gaming Stock Performance

Shares of NYSE BYD opened at $80.90 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $81.82 and its two-hundred day moving average is $81.36. The company has a market cap of $6.32 billion, a P/E ratio of 3.54, a P/E/G ratio of 2.17 and a beta of 1.24. Boyd Gaming Corporation has a 12 month low of $58.94 and a 12 month high of $88.49.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. The company had revenue of $707.32 million during the quarter. Boyd Gaming had a return on equity of 34.63% and a net margin of 46.02%. On average, equities analysts expect that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, December 15th. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.15%.

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.