Boyd Gaming Corporation $BYD Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Boyd Gaming Corporation (NYSE:BYD) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,191 shares of the company’s stock after selling 20,126 shares during the period. Retirement Systems of Alabama owned 0.26% of Boyd Gaming worth $17,998,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

BYD has been the topic of several analyst reports. Macquarie restated a “neutral” rating and issued a $90.00 target price on shares of Boyd Gaming in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on Boyd Gaming from $87.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Morgan Stanley upped their price objective on shares of Boyd Gaming from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. Truist Financial set a $110.00 target price on shares of Boyd Gaming in a research report on Tuesday, January 13th. Finally, Citigroup started coverage on shares of Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Hold” and a consensus target price of $92.00.

Insider Buying and Selling at Boyd Gaming

In other news, Director William R. Boyd sold 20,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the completion of the sale, the director directly owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.97% of the stock is currently owned by corporate insiders.

Boyd Gaming Stock Performance

NYSE:BYD opened at $83.51 on Tuesday. The company has a 50-day moving average of $84.56 and a 200-day moving average of $83.74. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 3.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. 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 $89.96.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, December 15th. Boyd Gaming’s dividend payout ratio is 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.