Linden Thomas Advisory Services LLC Acquires 1,433 Shares of Boyd Gaming Corporation $BYD

Linden Thomas Advisory Services LLC raised its position in Boyd Gaming Corporation (NYSE:BYD) by 7.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,269 shares of the company’s stock after acquiring an additional 1,433 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Boyd Gaming were worth $1,664,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Boyd Gaming by 13.3% in 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 holdings in 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 acquiring an additional 8,850 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 acquiring an additional 7,400 shares during the period. Northern Trust Corp increased its position in Boyd Gaming by 14.2% in the first quarter. Northern Trust Corp now owns 682,518 shares of the company’s stock worth $44,930,000 after buying an additional 85,087 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Boyd Gaming by 7.5% in the first quarter. Raymond James Financial Inc. now owns 641,104 shares of the company’s stock worth $42,204,000 after buying an additional 44,558 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Insiders Place Their Bets

In related news, COO Ted Bogich sold 16,497 shares of the business’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 transaction, the chief operating officer directly owned 45,116 shares in the company, valued at $3,752,748.88. The trade was a 26.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marianne Boyd Johnson sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $84.17, for a total value of $8,417,000.00. Following the transaction, the chairman owned 1,504,379 shares in the company, valued at approximately $126,623,580.43. This trade represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 385,438 shares of company stock worth $32,638,085. Insiders own 27.94% of the company’s stock.

Boyd Gaming Trading Down 7.1%

Shares of NYSE BYD opened at $78.92 on Friday. 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 business has a fifty day simple moving average of $84.52 and a two-hundred day simple moving average of $79.00. The firm has a market cap of $6.33 billion, a PE ratio of 3.45, a price-to-earnings-growth ratio of 2.11 and a beta of 1.30. Boyd Gaming Corporation has a twelve month low of $58.94 and a twelve month high of $88.49.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. The business had revenue of $707.32 million during the quarter. Boyd Gaming had a return on equity of 41.97% and a net margin of 46.02%. Analysts expect that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is currently 11.08%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BYD. Raymond James Financial restated an “outperform” rating on shares of Boyd Gaming in a research report on Monday, September 8th. Stifel Nicolaus upped their price target on Boyd Gaming from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Mizuho increased their target price on Boyd Gaming from $89.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday. Macquarie reiterated a “neutral” rating and set a $90.00 target price on shares of Boyd Gaming in a research report on Friday. Finally, Barclays increased their target price on Boyd Gaming from $73.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.67.

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.