Oregon Public Employees Retirement Fund Has $1.13 Million Stock Position in Boyd Gaming Co. (NYSE:BYD)

Oregon Public Employees Retirement Fund raised its stake in shares of Boyd Gaming Co. (NYSE:BYDGet Rating) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 23,696 shares of the company’s stock after buying an additional 380 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Boyd Gaming were worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ariel Investments LLC boosted its holdings in shares of Boyd Gaming by 63.4% in the 1st quarter. Ariel Investments LLC now owns 2,629,438 shares of the company’s stock worth $172,965,000 after acquiring an additional 1,020,515 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Boyd Gaming by 45.2% in the 1st quarter. Invesco Ltd. now owns 2,382,418 shares of the company’s stock worth $156,715,000 after acquiring an additional 741,156 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Boyd Gaming by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 9,030,684 shares of the company’s stock worth $594,039,000 after acquiring an additional 359,698 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Boyd Gaming by 53.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 941,288 shares of the company’s stock worth $46,829,000 after acquiring an additional 328,170 shares in the last quarter. Finally, Long Pond Capital LP boosted its holdings in shares of Boyd Gaming by 483.9% in the 2nd quarter. Long Pond Capital LP now owns 389,664 shares of the company’s stock worth $19,386,000 after acquiring an additional 322,927 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna boosted their target price on Boyd Gaming from $68.00 to $72.00 in a report on Wednesday, October 26th. Susquehanna Bancshares boosted their price objective on shares of Boyd Gaming from $68.00 to $72.00 in a research report on Wednesday, October 26th. JMP Securities cut shares of Boyd Gaming from an “outperform” rating to a “market perform” rating in a research report on Monday, December 12th. Barclays boosted their price objective on shares of Boyd Gaming from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 26th. Finally, Truist Financial boosted their price objective on shares of Boyd Gaming from $79.00 to $80.00 in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.53.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $60.13 on Monday. The firm has a fifty day moving average of $57.85 and a two-hundred day moving average of $55.27. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.95 and a beta of 1.83. Boyd Gaming Co. has a 52 week low of $46.10 and a 52 week high of $72.72. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.72 and a current ratio of 0.76.

Boyd Gaming (NYSE:BYDGet Rating) last issued its earnings results on Tuesday, October 25th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.28 by $0.20. Boyd Gaming had a net margin of 16.41% and a return on equity of 41.21%. The company had revenue of $877.26 million during the quarter, compared to analysts’ expectations of $859.03 million. During the same quarter in the previous year, the company posted $1.30 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Boyd Gaming Co. will post 5.77 EPS for the current year.

Boyd Gaming Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, January 15th. Stockholders of record on Monday, December 19th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, December 16th. Boyd Gaming’s dividend payout ratio (DPR) is 11.54%.

Insider Activity

In other news, insider Marianne Boyd Johnson sold 100,000 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.94, for a total value of $5,794,000.00. Following the completion of the transaction, the insider now owns 1,680,774 shares of the company’s stock, valued at approximately $97,384,045.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Marianne Boyd Johnson sold 100,000 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.94, for a total value of $5,794,000.00. Following the completion of the transaction, the insider now directly owns 1,680,774 shares of the company’s stock, valued at approximately $97,384,045.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Keith Smith sold 64,276 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $59.03, for a total transaction of $3,794,212.28. Following the completion of the transaction, the chief executive officer now directly owns 1,191,014 shares of the company’s stock, valued at $70,305,556.42. The disclosure for this sale can be found here. Insiders sold 605,286 shares of company stock valued at $35,316,575 in the last quarter. Company insiders own 27.94% of the company’s stock.

Boyd Gaming Profile

(Get Rating)

Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas and Midwest & South. The Las Vegas Locals segment consists of casinos that serve the resident population of the Las Vegas metropolitan area.

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Institutional Ownership by Quarter for Boyd Gaming (NYSE:BYD)

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