Boyd Gaming Co. (NYSE:BYD) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in Boyd Gaming Co. (NYSE:BYD) by 22.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,054 shares of the company’s stock after purchasing an additional 1,647 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Boyd Gaming were worth $499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Boyd Gaming by 57.4% in 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 in the last quarter. AlphaMark Advisors LLC raised its position in Boyd Gaming by 2.6% in the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock worth $444,000 after acquiring an additional 205 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in 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 acquiring an additional 249 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Boyd Gaming by 58.2% during 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 in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Boyd Gaming by 13.4% in the 2nd quarter. Signaturefd LLC now owns 2,728 shares of the company’s stock worth $150,000 after purchasing an additional 323 shares during the last quarter. 76.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Boyd Gaming

In other news, Chairman Marianne Boyd Johnson sold 73,130 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the transaction, the chairman now owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Marianne Boyd Johnson sold 73,130 shares of the company’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 directly owns 1,423,498 shares in the company, valued at $85,737,284.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.36, for a total value of $74,967.12. Following the transaction, the director now owns 1,096 shares in the company, valued at $66,154.56. The disclosure for this sale can be found here. Corporate insiders own 27.94% of the company’s stock.

Boyd Gaming Trading Down 0.2 %

Shares of NYSE:BYD opened at $64.03 on Friday. The firm has a fifty day moving average of $59.00 and a two-hundred day moving average of $58.46. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 1.70. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $68.46. The firm has a market capitalization of $6.07 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 8.56 and a beta of 1.57.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.58 earnings per share (EPS) 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 firm had revenue of $967.50 million during the quarter, compared to analysts’ expectations of $909.49 million. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that Boyd Gaming Co. will post 6.25 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Sunday, September 15th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, September 13th. Boyd Gaming’s payout ratio is presently 12.21%.

Analysts Set New Price Targets

Several research firms recently commented on BYD. Macquarie cut their target price on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus raised their price objective on Boyd Gaming from $65.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Bank of America increased their price target on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley upgraded Boyd Gaming from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $74.00 in a report on Wednesday, September 4th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Boyd Gaming has an average rating of “Moderate Buy” and an average target price of $89.31.

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.