Teachers Retirement System of The State of Kentucky lessened its position in shares of Boyd Gaming Co. (NYSE:BYD – Get Rating) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the company's stock after selling 800 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Boyd Gaming were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Natixis Advisors L.P. raised its position in shares of Boyd Gaming by 16.7% during the first quarter. Natixis Advisors L.P. now owns 52,920 shares of the company's stock worth $3,481,000 after acquiring an additional 7,562 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Boyd Gaming in the fourth quarter valued at about $34,000. James Investment Research Inc. bought a new stake in Boyd Gaming in the first quarter valued at about $243,000. WINTON GROUP Ltd bought a new stake in Boyd Gaming in the first quarter valued at about $729,000. Finally, Frontier Capital Management Co. LLC increased its holdings in Boyd Gaming by 68.3% in the first quarter. Frontier Capital Management Co. LLC now owns 294,683 shares of the company's stock valued at $19,384,000 after purchasing an additional 119,567 shares during the last quarter. Institutional investors and hedge funds own 92.40% of the company's stock.
Get Boyd Gaming alerts:Boyd Gaming Stock Down 2.9 %
BYD stock opened at $47.02 on Monday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.78 and a quick ratio of 0.74. The stock has a market capitalization of $5.15 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.86 and a beta of 1.85. The business has a 50-day moving average of $54.78 and a 200-day moving average of $57.28. Boyd Gaming Co. has a fifty-two week low of $46.18 and a fifty-two week high of $72.72.
Boyd Gaming (NYSE:BYD – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.10. The company had revenue of $894.45 million during the quarter, compared to analysts' expectations of $870.71 million. Boyd Gaming had a return on equity of 40.76% and a net margin of 16.03%. During the same period in the prior year, the firm earned $1.54 earnings per share. On average, sell-side analysts anticipate that Boyd Gaming Co. will post 5.5 earnings per share for the current fiscal year.Boyd Gaming Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.60 annualized dividend and a yield of 1.28%. Boyd Gaming's dividend payout ratio (DPR) is presently 12.12%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on BYD. Loop Capital began coverage on Boyd Gaming in a report on Monday, July 11th. They issued a "buy" rating and a $86.00 price objective for the company. StockNews.com upgraded Boyd Gaming from a "buy" rating to a "strong-buy" rating in a report on Tuesday, July 26th. KeyCorp set a $70.00 price objective on Boyd Gaming in a report on Tuesday, July 19th. Stifel Nicolaus decreased their target price on Boyd Gaming from $84.00 to $73.00 in a research note on Wednesday, July 27th. Finally, Truist Financial decreased their target price on Boyd Gaming from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Boyd Gaming presently has a consensus rating of "Buy" and a consensus target price of $74.50.
Boyd Gaming Company Profile
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Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
Further Reading
- Get a free copy of the StockNews.com research report on Boyd Gaming (BYD)
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