PharVision Advisers LLC Acquires New Shares in Boyd Gaming Co. (NYSE:BYD)

PharVision Advisers LLC bought a new position in Boyd Gaming Co. (NYSE:BYD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,190 shares of the company’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its position in Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after buying an additional 175 shares in the last quarter. Cetera Trust Company N.A grew its stake in Boyd Gaming by 6.2% in the fourth quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock valued at $256,000 after acquiring an additional 205 shares during the period. CoreCap Advisors LLC grew its stake in Boyd Gaming by 91.0% in the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock valued at $42,000 after acquiring an additional 273 shares during the period. US Bancorp DE increased its holdings in shares of Boyd Gaming by 13.6% during the fourth quarter. US Bancorp DE now owns 2,943 shares of the company’s stock valued at $213,000 after acquiring an additional 353 shares in the last quarter. Finally, Keybank National Association OH raised its position in shares of Boyd Gaming by 2.6% during the fourth quarter. Keybank National Association OH now owns 14,039 shares of the company’s stock worth $1,018,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BYD. JMP Securities restated a “market perform” rating on shares of Boyd Gaming in a report on Friday, February 7th. Stifel Nicolaus dropped their price target on shares of Boyd Gaming from $82.00 to $71.00 and set a “hold” rating on the stock in a research report on Friday, April 25th. Morgan Stanley cut their price target on Boyd Gaming from $75.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Macquarie reissued a “neutral” rating and issued a $74.00 price objective on shares of Boyd Gaming in a research note on Friday, April 25th. Finally, Susquehanna raised their target price on Boyd Gaming from $75.00 to $76.00 and gave the company a “positive” rating in a report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.69.

Boyd Gaming Trading Down 0.8%

Shares of Boyd Gaming stock opened at $74.05 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50. The firm has a market cap of $6.03 billion, a PE ratio of 11.91, a PEG ratio of 4.46 and a beta of 1.32. The company has a 50 day simple moving average of $68.09 and a two-hundred day simple moving average of $71.84.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The company had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a $0.18 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.97%. Boyd Gaming’s payout ratio is 11.75%.

Insiders Place Their Bets

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares in the company, valued at approximately $365,258.56. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.94% of the stock is owned by insiders.

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.