Peregrine Capital Management LLC Sells 12,388 Shares of Boyd Gaming Corporation $BYD

Peregrine Capital Management LLC decreased its stake in shares of Boyd Gaming Corporation (NYSE:BYD) by 17.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 60,333 shares of the company’s stock after selling 12,388 shares during the period. Peregrine Capital Management LLC’s holdings in Boyd Gaming were worth $5,216,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BYD. Advisors Asset Management Inc. boosted its position in Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after purchasing an additional 196 shares during the period. AQR Capital Management LLC lifted its stake in shares of Boyd Gaming by 13.9% in the first quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock worth $628,000 after buying an additional 1,172 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Boyd Gaming during the 1st quarter worth $207,000. United Services Automobile Association bought a new stake in shares of Boyd Gaming during the 1st quarter worth $302,000. Finally, Bayforest Capital Ltd grew its stake in Boyd Gaming by 47.8% in the 1st quarter. Bayforest Capital Ltd now owns 4,025 shares of the company’s stock valued at $265,000 after buying an additional 1,302 shares during the last quarter. 76.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BYD shares. Jefferies Financial Group reissued a “buy” rating on shares of Boyd Gaming in a research report on Wednesday, December 24th. Mizuho lifted their price objective on Boyd Gaming from $89.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Citigroup began coverage on Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 price objective for the company. Wells Fargo & Company initiated coverage on Boyd Gaming in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $85.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Boyd Gaming in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Boyd Gaming has an average rating of “Hold” and a consensus target price of $91.00.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total value of $1,607,200.00. Following the sale, the director owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 27.94% of the stock is owned by company insiders.

Boyd Gaming Stock Down 0.4%

BYD stock opened at $87.96 on Friday. Boyd Gaming Corporation has a twelve month low of $58.94 and a twelve month high of $89.50. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.71. The company has a market cap of $6.87 billion, a PE ratio of 3.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The business’s 50-day simple moving average is $83.15 and its 200 day simple moving average is $83.24.

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

Boyd Gaming Announces Dividend

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

Boyd Gaming 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.