Sanctuary Advisors LLC Acquires 836 Shares of Boyd Gaming Co. (NYSE:BYD)

Sanctuary Advisors LLC lifted its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,205 shares of the company’s stock after purchasing an additional 836 shares during the period. Sanctuary Advisors LLC owned about 0.05% of Boyd Gaming worth $3,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Boyd Gaming by 47.4% during the 4th 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 last quarter. UMB Bank n.a. grew its holdings in 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 acquiring an additional 175 shares during the last quarter. Cetera Trust Company N.A grew its holdings in Boyd Gaming by 6.2% in the 4th quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock worth $256,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd grew its holdings in Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after acquiring an additional 208 shares during the last quarter. Finally, KBC Group NV grew its holdings in Boyd Gaming by 0.9% in the 3rd quarter. KBC Group NV now owns 25,407 shares of the company’s stock worth $1,643,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BYD has been the topic of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Boyd Gaming in a report on Friday, February 7th. Truist Financial raised their price target on shares of Boyd Gaming from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and raised their price target for the stock from $73.00 to $92.00 in a report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Boyd Gaming Trading Down 3.2 %

Shares of NYSE BYD opened at $76.86 on Friday. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50. The stock has a market cap of $6.79 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 4.47 and a beta of 1.54. The firm has a 50-day moving average of $74.77 and a 200 day moving average of $68.84. 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $1.96 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a dividend of $0.18 per share. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, March 17th. Boyd Gaming’s dividend payout ratio (DPR) is 10.93%.

Boyd Gaming announced that its board has authorized a share repurchase plan on Thursday, December 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, Director Christine J. Spadafor sold 660 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $75.68, for a total transaction of $49,948.80. Following the completion of the sale, the director now directly owns 5,977 shares in the company, valued at approximately $452,339.36. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares of the company’s stock, valued at approximately $116,835,980.40. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,660 shares of company stock valued at $5,123,749 in the last three months. Company insiders own 27.94% of the company’s stock.

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.