Chartwell Investment Partners LLC Has $1.25 Million Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Chartwell Investment Partners LLC decreased its stake in Boyd Gaming Co. (NYSE:BYD) by 33.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,373 shares of the company’s stock after selling 9,913 shares during the period. Chartwell Investment Partners LLC’s holdings in Boyd Gaming were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Boyd Gaming in the second quarter valued at about $29,000. Allspring Global Investments Holdings LLC grew its stake in Boyd Gaming by 57.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 189 shares during the period. Covestor Ltd grew its stake in Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after purchasing an additional 208 shares during the period. Blue Trust Inc. grew its stake in Boyd Gaming by 58.2% during the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after purchasing an additional 288 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after purchasing an additional 802 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BYD shares. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Mizuho reissued an “outperform” rating and issued a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their target price on Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the sale, the director now directly 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 filing with the SEC, which is available through the SEC website. In other news, CFO Josh Hirsberg sold 21,549 shares of Boyd Gaming stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the completion of the transaction, the chief financial officer now directly owns 438,615 shares in the company, valued at approximately $31,330,269.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.36, for a total value of $74,967.12. Following the completion of the transaction, the director now owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,076 shares of company stock worth $7,763,331 over the last ninety days. 28.40% of the stock is currently owned by company insiders.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $73.88 on Wednesday. The business’s fifty day simple moving average is $65.24 and its 200 day simple moving average is $59.06. The firm has a market capitalization of $6.53 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 9.61 and a beta of 1.55. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $74.78. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were paid a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 0.92%. Boyd Gaming’s payout ratio is presently 12.98%.

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.