Cetera Trust Company N.A Takes Position in Boyd Gaming Co. (NYSE:BYD)

Cetera Trust Company N.A acquired a new stake in Boyd Gaming Co. (NYSE:BYD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,710 shares of the company’s stock, valued at approximately $170,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Boyd Gaming by 4.1% in the first quarter. Vanguard Group Inc. now owns 9,030,684 shares of the company’s stock valued at $594,039,000 after acquiring an additional 359,698 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Boyd Gaming by 2.6% in the first quarter. BlackRock Inc. now owns 7,760,064 shares of the company’s stock valued at $497,575,000 after acquiring an additional 198,916 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of Boyd Gaming by 63.4% in the first quarter. Ariel Investments LLC now owns 2,629,438 shares of the company’s stock valued at $172,965,000 after acquiring an additional 1,020,515 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Boyd Gaming by 45.2% in the first quarter. Invesco Ltd. now owns 2,382,418 shares of the company’s stock valued at $156,715,000 after acquiring an additional 741,156 shares in the last quarter. Finally, HG Vora Capital Management LLC boosted its holdings in shares of Boyd Gaming by 12.5% in the third quarter. HG Vora Capital Management LLC now owns 2,250,000 shares of the company’s stock valued at $136,868,000 after acquiring an additional 250,000 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, Director A. Randall Thoman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total value of $159,375.00. Following the completion of the sale, the director now owns 4,017 shares in the company, valued at approximately $256,083.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Boyd Gaming news, Director A. Randall Thoman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total value of $159,375.00. Following the completion of the sale, the director now owns 4,017 shares in the company, valued at approximately $256,083.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Marianne Boyd Johnson sold 77,661 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.87, for a total transaction of $5,037,869.07. Following the completion of the sale, the chairman now owns 1,511,433 shares of the company’s stock, valued at approximately $98,046,658.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 582,910 shares of company stock worth $37,299,461. 28.40% of the stock is owned by corporate insiders.

Boyd Gaming Stock Down 0.4 %

Shares of NYSE:BYD opened at $62.66 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market cap of $6.00 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 2.93 and a beta of 1.60. Boyd Gaming Co. has a 52 week low of $52.42 and a 52 week high of $73.00. The firm has a 50 day simple moving average of $64.34 and a 200 day simple moving average of $61.98.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The business had revenue of $954.41 million during the quarter, compared to the consensus estimate of $928.04 million. Boyd Gaming had a net margin of 16.58% and a return on equity of 36.97%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 EPS. As a group, research analysts expect that Boyd Gaming Co. will post 6.19 earnings per share for the current year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.16. Boyd Gaming’s dividend payout ratio is 11.15%.

Analyst Ratings Changes

Several research firms have recently issued reports on BYD. Truist Financial increased their price objective on shares of Boyd Gaming from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 9th. Morgan Stanley raised their target price on shares of Boyd Gaming from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Barclays raised their target price on shares of Boyd Gaming from $66.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $69.00 target price on shares of Boyd Gaming in a report on Friday, January 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.30.

Boyd Gaming 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.