AlphaMark Advisors LLC Has $551,000 Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

AlphaMark Advisors LLC boosted its position in shares of Boyd Gaming Co. (NYSE:BYD) by 5.8% in the third quarter, Holdings Channel reports. The firm owned 8,529 shares of the company’s stock after purchasing an additional 466 shares during the period. AlphaMark Advisors LLC’s holdings in Boyd Gaming were worth $551,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BYD. Allspring Global Investments Holdings LLC raised its stake in Boyd Gaming by 57.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 189 shares during the period. Lazard Asset Management LLC grew its position in shares of Boyd Gaming by 4.9% in the 1st quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock valued at $360,000 after purchasing an additional 249 shares during the period. Blue Trust Inc. grew its position in shares of Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after purchasing an additional 288 shares during the period. Signaturefd LLC increased its stake in Boyd Gaming by 13.4% during the 2nd quarter. Signaturefd LLC now owns 2,728 shares of the company’s stock worth $150,000 after purchasing an additional 323 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Boyd Gaming by 3.0% during the 1st quarter. QRG Capital Management Inc. now owns 11,699 shares of the company’s stock worth $788,000 after buying an additional 336 shares during the period. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now owns 1,096 shares in the company, valued at $66,154.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the sale, the director now directly owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total value of $4,404,619.90. Following the completion of the sale, the chairman now owns 1,423,498 shares of the company’s stock, valued at $85,737,284.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.94% of the stock is owned by company insiders.

Boyd Gaming Trading Up 1.1 %

Boyd Gaming stock opened at $66.08 on Friday. Boyd Gaming Co. has a 52 week low of $49.34 and a 52 week high of $68.46. The stock has a market capitalization of $6.27 billion, a P/E ratio of 11.86 and a beta of 1.57. The stock has a 50-day simple moving average of $61.41 and a 200 day simple moving average of $58.52. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.79 and a current ratio of 0.83.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. Boyd Gaming had a return on equity of 34.29% and a net margin of 13.32%. The business had revenue of $967.50 million for the quarter, compared to analysts’ expectations of $909.49 million. During the same quarter in the prior year, the business earned $1.58 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Boyd Gaming Co. will post 6.25 earnings per share for the current year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s payout ratio is 12.21%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BYD shares. Bank of America increased their price objective on shares of Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Barclays boosted their target price on Boyd Gaming from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday. Morgan Stanley upgraded shares of Boyd Gaming from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $74.00 in a report on Wednesday, September 4th. Macquarie reduced their target price on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Finally, Stifel Nicolaus boosted their price target on shares of Boyd Gaming from $65.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Boyd Gaming has a consensus rating of “Moderate Buy” and an average price target of $89.77.

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.