SG Americas Securities LLC Sells 1,885 Shares of Boyd Gaming Co. (NYSE:BYD)

SG Americas Securities LLC cut its holdings in Boyd Gaming Co. (NYSE:BYD) by 48.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,011 shares of the company’s stock after selling 1,885 shares during the period. SG Americas Securities LLC’s holdings in Boyd Gaming were worth $126,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BYD. Parkside Financial Bank & Trust grew its holdings in shares of Boyd Gaming by 105.5% in the third quarter. Parkside Financial Bank & Trust now owns 411 shares of the company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Boyd Gaming by 237.6% in the first quarter. Belpointe Asset Management LLC now owns 655 shares of the company’s stock valued at $42,000 after acquiring an additional 461 shares in the last quarter. Quarry LP grew its holdings in shares of Boyd Gaming by 130.3% in the first quarter. Quarry LP now owns 822 shares of the company’s stock valued at $53,000 after acquiring an additional 465 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Boyd Gaming in the first quarter valued at approximately $86,000. Finally, Captrust Financial Advisors grew its holdings in shares of Boyd Gaming by 13.3% in the second quarter. Captrust Financial Advisors now owns 3,706 shares of the company’s stock valued at $184,000 after acquiring an additional 436 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director A. Randall Thoman sold 2,500 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $63.75, for a total value of $159,375.00. Following the sale, the director now owns 4,017 shares in the company, valued at $256,083.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Boyd Gaming news, Director A. Randall Thoman sold 2,500 shares of the firm’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 sale, the director now owns 4,017 shares in the company, valued at $256,083.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William S. Boyd sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.77, for a total value of $7,971,250.00. Following the sale, the insider now owns 9,358,913 shares in the company, valued at approximately $596,817,882.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 582,910 shares of company stock worth $37,299,461. Corporate insiders own 28.40% of the company’s stock.

Boyd Gaming Trading Down 1.5 %

NYSE:BYD opened at $63.68 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.89 and a quick ratio of 0.85. Boyd Gaming Co. has a 1 year low of $52.42 and a 1 year high of $73.00. The company has a market cap of $6.10 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.03 and a beta of 1.60. The stock’s fifty day moving average price is $64.47 and its two-hundred day moving average price is $61.91.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. Boyd Gaming had a return on equity of 36.97% and a net margin of 16.58%. The company had revenue of $954.41 million for the quarter, compared to the consensus estimate of $928.04 million. During the same quarter last year, the business posted $1.72 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts expect that Boyd Gaming Co. will post 6.18 EPS for the current year.

Boyd Gaming Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.07%. 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 (DPR) is 11.15%.

Analysts Set New Price Targets

Several brokerages have weighed in on BYD. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Wells Fargo & Company increased their price objective on Boyd Gaming from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. increased their price objective on Boyd Gaming from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Truist Financial increased their price objective on Boyd Gaming from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Barclays increased their price objective on Boyd Gaming from $66.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.