Vanguard Personalized Indexing Management LLC Purchases 702 Shares of Boyd Gaming Corporation $BYD

Vanguard Personalized Indexing Management LLC raised its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,979 shares of the company’s stock after acquiring an additional 702 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Boyd Gaming were worth $859,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BYD shares. Macquarie increased their target price on shares of Boyd Gaming from $74.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Raymond James Financial reiterated an “outperform” rating on shares of Boyd Gaming in a research note on Monday, September 8th. JPMorgan Chase & Co. increased their target price on shares of Boyd Gaming from $87.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday. Mizuho increased their target price on shares of Boyd Gaming from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Barclays increased their target price on shares of Boyd Gaming from $73.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.67.

Boyd Gaming Stock Performance

NYSE:BYD opened at $82.26 on Monday. Boyd Gaming Corporation has a 12-month low of $58.94 and a 12-month high of $88.49. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $6.60 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. The firm has a 50-day moving average price of $84.57 and a 200 day moving average price of $78.37.

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

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is presently 11.08%.

Insider Activity at Boyd Gaming

In other news, CEO Keith Smith sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $85.21, for a total transaction of $2,130,250.00. Following the completion of the sale, the chief executive officer owned 1,046,689 shares of the company’s stock, valued at approximately $89,188,369.69. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William R. Boyd sold 9,774 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $81.61, for a total transaction of $797,656.14. Following the sale, the director directly owned 15,188 shares of the company’s stock, valued at approximately $1,239,492.68. The trade was a 39.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,438 shares of company stock valued at $32,638,085. Insiders own 21.97% of the company’s stock.

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.