Russell Investments Group Ltd. Acquires 19,681 Shares of Boyd Gaming Co. (NYSE:BYD)

Russell Investments Group Ltd. grew its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,598 shares of the company’s stock after purchasing an additional 19,681 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of Boyd Gaming worth $12,372,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. raised its position in Boyd Gaming by 885.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,657,441 shares of the company’s stock worth $100,822,000 after acquiring an additional 1,489,240 shares during the period. HG Vora Capital Management LLC increased its stake in shares of Boyd Gaming by 12.5% during the 3rd quarter. HG Vora Capital Management LLC now owns 2,250,000 shares of the company’s stock worth $136,868,000 after purchasing an additional 250,000 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Boyd Gaming by 40.5% in the 3rd quarter. American Century Companies Inc. now owns 824,200 shares of the company’s stock worth $50,136,000 after purchasing an additional 237,525 shares during the period. International Assets Investment Management LLC purchased a new position in Boyd Gaming in the fourth quarter valued at approximately $117,720,000. Finally, Vanguard Group Inc. grew its holdings in Boyd Gaming by 2.1% during the third quarter. Vanguard Group Inc. now owns 7,980,306 shares of the company’s stock valued at $485,442,000 after purchasing an additional 167,849 shares during the period. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Stock Down 0.1 %

BYD opened at $54.12 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of 9.72, a P/E/G ratio of 2.59 and a beta of 1.64. Boyd Gaming Co. has a 12 month low of $52.42 and a 12 month high of $73.00. The business’s 50-day moving average price is $63.04 and its 200-day moving average price is $61.80. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. Boyd Gaming had a return on equity of 34.77% and a net margin of 14.91%. The business had revenue of $954.41 million for the quarter, compared to analysts’ expectations of $928.04 million. During the same period in the previous year, the firm earned $1.72 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Boyd Gaming Co. will post 6.06 EPS for the current year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.68 annualized dividend and a yield of 1.26%. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.16. Boyd Gaming’s dividend payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BYD shares. StockNews.com upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Mizuho reduced their target price on shares of Boyd Gaming from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, April 26th. JPMorgan Chase & Co. cut shares of Boyd Gaming from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $67.00 in a research note on Friday, April 26th. Wells Fargo & Company reduced their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Finally, Truist Financial dropped their target price on Boyd Gaming from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.20.

Insiders Place Their Bets

In other news, Director A. Randall Thoman sold 2,500 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total transaction of $159,375.00. Following the completion of the sale, the director now directly owns 4,017 shares in the company, valued at $256,083.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director A. Randall Thoman sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $63.75, for a total transaction of $159,375.00. Following the transaction, the director now owns 4,017 shares in the company, valued at approximately $256,083.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder William S. Boyd sold 63,464 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $63.12, for a total value of $4,005,847.68. Following the transaction, the insider now directly owns 8,795,449 shares of the company’s stock, valued at approximately $555,168,740.88. The disclosure for this sale can be found here. Insiders have sold a total of 582,910 shares of company stock valued at $37,299,461 in the last quarter. Insiders own 27.94% of the company’s stock.

Boyd Gaming Company 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.