Parkside Financial Bank & Trust Has $41,000 Holdings in Boyd Gaming Co. (NYSE:BYD)

Parkside Financial Bank & Trust lifted its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 57.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 647 shares of the company’s stock after purchasing an additional 236 shares during the period. Parkside Financial Bank & Trust’s holdings in Boyd Gaming were worth $41,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Great Lakes Advisors LLC raised its stake in Boyd Gaming by 3.7% during the third quarter. Great Lakes Advisors LLC now owns 5,971 shares of the company’s stock worth $363,000 after buying an additional 213 shares during the last quarter. Lmcg Investments LLC raised its stake in Boyd Gaming by 2.2% during the third quarter. Lmcg Investments LLC now owns 12,257 shares of the company’s stock worth $746,000 after buying an additional 269 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Boyd Gaming by 4.9% during the third quarter. Kestra Advisory Services LLC now owns 6,654 shares of the company’s stock worth $405,000 after buying an additional 308 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Boyd Gaming by 5.0% during the third quarter. AlphaMark Advisors LLC now owns 7,566 shares of the company’s stock worth $460,000 after buying an additional 363 shares during the last quarter. Finally, Signet Financial Management LLC raised its stake in Boyd Gaming by 1.4% during the fourth quarter. Signet Financial Management LLC now owns 28,002 shares of the company’s stock worth $1,753,000 after buying an additional 390 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Stock Down 15.4 %

Boyd Gaming stock opened at $53.18 on Friday. Boyd Gaming Co. has a fifty-two week low of $52.42 and a fifty-two week high of $73.00. The stock has a market cap of $5.09 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 2.98 and a beta of 1.60. The firm’s 50-day simple moving average is $63.98 and its 200 day simple moving average is $62.01. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.89.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. Boyd Gaming had a net margin of 16.58% and a return on equity of 36.97%. The business had revenue of $954.41 million for the quarter, compared to analysts’ expectations of $928.04 million. During the same period in the previous year, the company earned $1.72 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts predict that Boyd Gaming Co. will post 6.19 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.28%. Boyd Gaming’s payout ratio is 11.15%.

Insider Buying and Selling

In related news, major shareholder William S. Boyd sold 63,464 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $63.12, for a total transaction of $4,005,847.68. Following the transaction, the insider now directly owns 8,795,449 shares in the company, valued at $555,168,740.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Boyd Gaming news, CEO Keith Smith sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $63.92, for a total value of $4,794,000.00. Following the transaction, the chief executive officer now directly owns 1,119,625 shares in the company, valued at $71,566,430. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder William S. Boyd sold 63,464 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $63.12, for a total transaction of $4,005,847.68. Following the completion of the transaction, the insider now owns 8,795,449 shares in the company, valued at $555,168,740.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 582,910 shares of company stock worth $37,299,461. 27.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BYD. Barclays decreased their price target on shares of Boyd Gaming from $70.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday. JPMorgan Chase & Co. downgraded shares of Boyd Gaming from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $67.00 in a research note on Friday. Truist Financial decreased their price target on shares of Boyd Gaming from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company decreased their price target on shares of Boyd Gaming from $82.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating and decreased their price target for the company from $78.00 to $71.00 in a research note on Friday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $72.20.

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.