denkapparat Operations GmbH Invests $270,000 in Boyd Gaming Co. (NYSE:BYD)

denkapparat Operations GmbH acquired a new stake in shares of Boyd Gaming Co. (NYSE:BYD) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,722 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors also recently bought and sold shares of BYD. UMB Bank n.a. increased its stake in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock worth $29,000 after purchasing an additional 175 shares in the last quarter. GAMMA Investing LLC grew its holdings in Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. Quarry LP increased its position in Boyd Gaming by 150.1% in the third quarter. Quarry LP now owns 873 shares of the company’s stock worth $56,000 after buying an additional 524 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Boyd Gaming in the third quarter worth about $64,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Boyd Gaming during the 4th quarter valued at about $67,000. Institutional investors own 76.81% of the company’s stock.

Analysts Set New Price Targets

BYD has been the subject of several analyst reports. Argus raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Tuesday, December 17th. Barclays increased their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Mizuho upped their target price on shares of Boyd Gaming from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group raised Boyd Gaming from a “hold” rating to a “buy” rating and raised their price target for the company from $73.00 to $92.00 in a report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $95.20.

Boyd Gaming Stock Performance

NYSE BYD opened at $66.25 on Friday. The stock has a market capitalization of $5.47 billion, a PE ratio of 10.65, a P/E/G ratio of 4.46 and a beta of 1.55. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $80.50. The business has a 50 day simple moving average of $73.73 and a two-hundred day simple moving average of $70.90. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, February 6th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. On average, research analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. Boyd Gaming’s payout ratio is 11.58%.

Boyd Gaming announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the sale, the chairman now directly owns 1,346,628 shares of the company’s stock, valued at $104,606,063.04. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine J. Spadafor sold 1,125 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now directly owns 4,852 shares of the company’s stock, valued at $365,258.56. The trade was a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,125 shares of company stock worth $5,158,490. 27.94% of the stock is currently owned by corporate insiders.

About Boyd Gaming

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.