Koshinski Asset Management Inc. Takes Position in Boyd Gaming Corporation $BYD

Koshinski Asset Management Inc. bought a new stake in shares of Boyd Gaming Corporation (NYSE:BYD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,539 shares of the company’s stock, valued at approximately $277,000.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Boyd Gaming by 13.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,048,706 shares of the company’s stock valued at $69,036,000 after purchasing an additional 122,822 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Boyd Gaming by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 983,823 shares of the company’s stock valued at $64,765,000 after purchasing an additional 8,850 shares during the period. Bank of New York Mellon Corp raised its stake in Boyd Gaming by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 692,496 shares of the company’s stock valued at $45,587,000 after purchasing an additional 7,400 shares during the period. Northern Trust Corp raised its stake in Boyd Gaming by 14.2% during the 1st quarter. Northern Trust Corp now owns 682,518 shares of the company’s stock valued at $44,930,000 after purchasing an additional 85,087 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Boyd Gaming by 7.5% during the 1st quarter. Raymond James Financial Inc. now owns 641,104 shares of the company’s stock valued at $42,204,000 after purchasing an additional 44,558 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Boyd Gaming Trading Up 0.4%

Shares of NYSE:BYD opened at $82.73 on Tuesday. The stock has a market capitalization of $6.63 billion, a PE ratio of 12.73, a P/E/G ratio of 2.31 and a beta of 1.30. Boyd Gaming Corporation has a 1 year low of $58.94 and a 1 year high of $88.49. The firm has a fifty day moving average price of $84.60 and a 200 day moving average price of $78.52. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share (EPS) for the quarter. The firm had revenue of $707.32 million during the quarter. Boyd Gaming had a net margin of 14.02% and a return on equity of 40.65%. Analysts expect that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a $0.18 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Boyd Gaming’s dividend payout ratio is currently 11.08%.

Insider Transactions at Boyd Gaming

In related news, Chairman Marianne Boyd Johnson sold 100,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $86.62, for a total value of $8,662,000.00. Following the completion of the sale, the chairman directly owned 1,704,379 shares in the company, valued at approximately $147,633,308.98. This represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Ted Bogich sold 16,497 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $83.18, for a total transaction of $1,372,220.46. Following the completion of the sale, the chief operating officer owned 45,116 shares of the company’s stock, valued at $3,752,748.88. This represents a 26.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,438 shares of company stock valued at $32,638,085 in the last three months. 21.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BYD. Truist Financial boosted their target price on shares of Boyd Gaming from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Morgan Stanley reaffirmed a “sell” rating on shares of Boyd Gaming in a research note on Friday, July 11th. Stifel Nicolaus upped their price target on shares of Boyd Gaming from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Zacks Research downgraded shares of Boyd Gaming from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Macquarie upped their price target on shares of Boyd Gaming from $74.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.67.

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.