9,198 Shares in Boyd Gaming Corporation $BYD Acquired by Csenge Advisory Group

Csenge Advisory Group acquired a new stake in Boyd Gaming Corporation (NYSE:BYD) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,198 shares of the company’s stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds have also modified their holdings of BYD. Advisors Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares in the last quarter. AQR Capital Management LLC raised its position in Boyd Gaming by 13.9% in the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock worth $628,000 after buying an additional 1,172 shares during the last quarter. Caxton Associates LLP bought a new position in Boyd Gaming during the 1st quarter valued at about $207,000. Parallel Advisors LLC boosted its holdings in shares of Boyd Gaming by 24.5% during the 2nd quarter. Parallel Advisors LLC now owns 685 shares of the company’s stock valued at $54,000 after acquiring an additional 135 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Boyd Gaming by 11.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,264 shares of the company’s stock worth $348,000 after acquiring an additional 441 shares during the period. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Price Performance

NYSE BYD opened at $88.78 on Monday. The business’s fifty day moving average is $83.98 and its 200 day moving average is $83.62. Boyd Gaming Corporation has a fifty-two week low of $58.94 and a fifty-two week high of $89.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 0.51. The company has a market capitalization of $6.94 billion, a PE ratio of 3.88, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.15. Boyd Gaming had a return on equity of 34.63% and a net margin of 46.02%.The business had revenue of $726.95 million during the quarter, compared to analysts’ expectations of $873.09 million. During the same quarter in the prior year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

Boyd Gaming Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.72 annualized dividend and a yield of 0.8%. Boyd Gaming’s payout ratio is currently 3.15%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BYD. Truist Financial set a $110.00 price objective on shares of Boyd Gaming in a research report on Tuesday, January 13th. Mizuho increased their price target on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Wells Fargo & Company initiated coverage on Boyd Gaming in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Boyd Gaming from $87.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Macquarie reissued a “neutral” rating and issued a $90.00 target price on shares of Boyd Gaming in a research report on Friday, October 24th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Boyd Gaming has an average rating of “Hold” and an average price target of $92.00.

Insider Buying and Selling at Boyd Gaming

In other news, Director William R. Boyd sold 20,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total value of $1,607,200.00. Following the completion of the sale, the director directly owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.94% of the stock is currently owned by insiders.

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.