Oliver Luxxe Assets LLC Takes Position in Boyd Gaming Corporation $BYD

Oliver Luxxe Assets LLC bought a new stake in Boyd Gaming Corporation (NYSE:BYD) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 21,722 shares of the company’s stock, valued at approximately $1,878,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BYD. Advisors Asset Management Inc. boosted its stake in Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after acquiring an additional 196 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Boyd Gaming by 13.9% in the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock valued at $628,000 after purchasing an additional 1,172 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Boyd Gaming in the 1st quarter valued at about $207,000. Strs Ohio acquired a new stake in shares of Boyd Gaming in the 1st quarter valued at about $1,939,000. Finally, Kera Capital Partners Inc. grew its stake in Boyd Gaming by 10.2% during the 2nd quarter. Kera Capital Partners Inc. now owns 4,282 shares of the company’s stock worth $335,000 after buying an additional 397 shares during the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $87.96 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49. The business has a 50 day simple moving average of $83.15 and a 200-day simple moving average of $83.31. Boyd Gaming Corporation has a 12 month low of $58.94 and a 12 month high of $89.50. The stock has a market capitalization of $6.87 billion, a PE ratio of 3.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22.

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

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, December 15th. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.15%.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $80.36, for a total value of $1,607,200.00. Following the completion of the transaction, the director owned 1,960,447 shares in the company, valued at approximately $157,541,520.92. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on BYD. JPMorgan Chase & Co. boosted their price objective on Boyd Gaming from $87.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Boyd Gaming in a report on Monday, December 29th. Citigroup began coverage on shares of Boyd Gaming in a research report on Thursday, November 20th. They issued a “neutral” rating and a $86.00 price target for the company. Zacks Research cut shares of Boyd Gaming from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Mizuho lifted their price objective on shares of Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.00.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.