Boyd Gaming Corporation $BYD Shares Bought by Foster & Motley Inc.

Foster & Motley Inc. grew its position in Boyd Gaming Corporation (NYSE:BYD) by 19.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,968 shares of the company’s stock after purchasing an additional 11,049 shares during the period. Foster & Motley Inc. owned approximately 0.09% of Boyd Gaming worth $5,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BYD. First Trust Advisors LP boosted its position in Boyd Gaming by 679.7% in the second quarter. First Trust Advisors LP now owns 1,122,869 shares of the company’s stock valued at $87,842,000 after buying an additional 978,853 shares during the last quarter. Norges Bank purchased a new stake in shares of Boyd Gaming in the 2nd quarter valued at $54,933,000. Wedge Capital Management L L P NC acquired a new stake in shares of Boyd Gaming in the third quarter worth $32,304,000. LSV Asset Management raised its holdings in shares of Boyd Gaming by 115.8% during the second quarter. LSV Asset Management now owns 245,100 shares of the company’s stock worth $19,174,000 after purchasing an additional 131,500 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Boyd Gaming by 11.7% during the second quarter. American Century Companies Inc. now owns 1,213,024 shares of the company’s stock valued at $94,895,000 after purchasing an additional 127,167 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Buying and Selling

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the completion of the transaction, the director directly owned 1,960,447 shares in the company, valued at approximately $157,541,520.92. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 27.94% of the company’s stock.

Boyd Gaming Stock Performance

NYSE BYD opened at $86.11 on Thursday. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 3.76, a PEG ratio of 2.14 and a beta of 1.22. The stock has a 50-day moving average of $82.73 and a 200 day moving average of $83.12. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.71. Boyd Gaming Corporation has a twelve month low of $58.94 and a twelve month high of $89.45.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 EPS for the quarter. The company had revenue of $707.32 million for the quarter. Boyd Gaming had a return on equity of 34.63% and a net margin of 46.02%. Sell-side analysts anticipate that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup initiated coverage on Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 price target on the stock. Morgan Stanley upped their target price on Boyd Gaming from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Wells Fargo & Company assumed coverage on Boyd Gaming in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $85.00 price target for the company. Mizuho boosted their price target on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Zacks Research lowered Boyd Gaming from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $91.00.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.