Comerica Financial institution elevated its place in shares of Boyd Gaming Co. (NYSE:BYD – Get Score) by 13.7% throughout the third quarter, in response to its most up-to-date submitting with the Securities and Alternate Fee (SEC). The agency owned 60,437 shares of the corporate’s inventory after shopping for a further 7,289 shares throughout the interval. Comerica Financial institution owned about 0.06% of Boyd Gaming price $3,250,000 on the finish of the latest reporting interval.
A number of different hedge funds and different institutional buyers have additionally just lately added to or diminished their stakes within the firm. Securian Asset Administration Inc. elevated its stake in Boyd Gaming by 2.8% throughout the third quarter. Securian Asset Administration Inc. now owns 7,414 shares of the corporate’s inventory price $353,000 after shopping for a further 202 shares throughout the interval. Prospera Monetary Companies Inc bought a brand new stake in Boyd Gaming throughout the third quarter price $235,000. Chartwell Funding Companions LLC elevated its stake in Boyd Gaming by 3.6% throughout the third quarter. Chartwell Funding Companions LLC now owns 71,355 shares of the corporate’s inventory price $3,400,000 after shopping for a further 2,509 shares throughout the interval. Allspring International Investments Holdings LLC elevated its stake in Boyd Gaming by 36.0% throughout the third quarter. Allspring International Investments Holdings LLC now owns 41,421 shares of the corporate’s inventory price $1,973,000 after shopping for a further 10,970 shares throughout the interval. Lastly, Mirabella Monetary Companies LLP bought a brand new stake in Boyd Gaming throughout the third quarter price $384,000. Hedge funds and different institutional buyers personal 68.68% of the corporate’s inventory.
Insider Shopping for and Promoting at Boyd Gaming
In different Boyd Gaming information, VP William R. Boyd offered 20,000 shares of the enterprise’s inventory in a transaction dated Friday, November eleventh. The shares have been offered at a mean value of $60.08, for a complete transaction of $1,201,600.00. Following the completion of the transaction, the vice chairman now instantly owns 30,634 shares of the corporate’s inventory, valued at roughly $1,840,490.72. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is offered on the SEC web site. In different Boyd Gaming information, VP William R. Boyd offered 20,000 shares of the enterprise’s inventory in a transaction dated Friday, November eleventh. The shares have been offered at a mean value of $60.08, for a complete transaction of $1,201,600.00. Following the sale, the vice chairman now instantly owns 30,634 shares within the firm, valued at roughly $1,840,490.72. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which will be accessed by this hyperlink. Additionally, insider William S. Boyd offered 190,000 shares of the enterprise’s inventory in a transaction dated Wednesday, December 14th. The inventory was offered at a mean value of $58.90, for a complete transaction of $11,191,000.00. Following the sale, the insider now owns 14,543,927 shares within the firm, valued at $856,637,300.30. The disclosure for this sale will be discovered right here. Insiders offered 605,286 shares of firm inventory valued at $35,316,575 within the final ninety days. Firm insiders personal 27.94% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of analysis analysts have weighed in on BYD shares. Wells Fargo & Firm decreased their value goal on shares of Boyd Gaming from $77.00 to $70.00 and set an “obese” ranking for the corporate in a report on Friday, October twenty first. JMP Securities lowered shares of Boyd Gaming from an “outperform” ranking to a “market carry out” ranking in a report on Monday, December twelfth. Susquehanna Bancshares raised their value goal on shares of Boyd Gaming from $68.00 to $72.00 in a report on Wednesday, October twenty sixth. StockNews.com raised shares of Boyd Gaming from a “purchase” ranking to a “strong-buy” ranking in a report on Thursday, October twenty seventh. Lastly, Truist Monetary raised their value goal on shares of Boyd Gaming from $79.00 to $80.00 in a report on Wednesday, January eleventh. One analyst has rated the inventory with a promote ranking, two have issued a maintain ranking, eight have issued a purchase ranking and one has given a robust purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, Boyd Gaming has a mean ranking of “Average Purchase” and a mean goal value of $70.85.
Boyd Gaming Buying and selling Up 0.1 %
NYSE BYD opened at $58.42 on Monday. The corporate has a debt-to-equity ratio of 1.83, a fast ratio of 0.72 and a present ratio of 0.76. The corporate has a 50-day easy transferring common of $57.78 and a 200-day easy transferring common of $54.98. The agency has a market capitalization of $6.10 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.93 and a beta of 1.83. Boyd Gaming Co. has a one yr low of $46.10 and a one yr excessive of $72.72.
Boyd Gaming (NYSE:BYD – Get Score) final posted its earnings outcomes on Tuesday, October twenty fifth. The corporate reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.20. The agency had income of $877.26 million throughout the quarter, in comparison with analyst estimates of $859.03 million. Boyd Gaming had a web margin of 16.41% and a return on fairness of 41.21%. Boyd Gaming’s income was up 4.1% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise posted $1.30 EPS. On common, equities analysts forecast that Boyd Gaming Co. will put up 5.77 earnings per share for the present yr.
Boyd Gaming Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which was paid on Sunday, January fifteenth. Shareholders of report on Monday, December nineteenth have been paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized foundation and a yield of 1.03%. The ex-dividend date was Friday, December sixteenth. Boyd Gaming’s payout ratio is 11.54%.
Boyd Gaming Firm Profile
(Get Score)
Boyd Gaming Company, along with its subsidiaries, operates as a multi-jurisdictional gaming firm. It operates by three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the corporate operated 28 gaming leisure properties positioned in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
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