Caprock Group LLC Takes Position in Boyd Gaming Corporation $BYD

Caprock Group LLC acquired a new position in Boyd Gaming Corporation (NYSE:BYD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,146 shares of the company’s stock, valued at approximately $2,073,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new stake in shares of Boyd Gaming during the 3rd quarter valued at approximately $1,531,000. Allianz Asset Management GmbH raised its holdings in Boyd Gaming by 174.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 274,154 shares of the company’s stock valued at $23,701,000 after acquiring an additional 174,214 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Boyd Gaming by 9.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 340,281 shares of the company’s stock worth $29,615,000 after acquiring an additional 30,543 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Boyd Gaming in the second quarter worth $563,000. Finally, LSV Asset Management boosted its holdings in shares of Boyd Gaming by 115.8% in the second quarter. LSV Asset Management now owns 245,100 shares of the company’s stock worth $19,174,000 after acquiring an additional 131,500 shares during the period. 76.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley set a $86.00 price objective on Boyd Gaming in a report on Wednesday. Citigroup initiated coverage on shares of Boyd Gaming in a report on Thursday, November 20th. They issued a “neutral” rating and a $86.00 price target on the stock. UBS Group set a $110.00 price objective on shares of Boyd Gaming in a research report on Wednesday, December 24th. Mizuho set a $100.00 target price on shares of Boyd Gaming in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.58.

Boyd Gaming Price Performance

Shares of Boyd Gaming stock opened at $82.07 on Friday. The firm has a market capitalization of $6.41 billion, a PE ratio of 3.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.71. Boyd Gaming Corporation has a 12 month low of $58.94 and a 12 month high of $89.96. The business’s 50-day moving average price is $85.16 and its 200-day moving average price is $83.80.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, February 5th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.33. Boyd Gaming had a net margin of 45.05% and a return on equity of 33.49%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company earned $1.96 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, December 15th. Boyd Gaming’s dividend payout ratio (DPR) is presently 3.16%.

About Boyd Gaming

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.