Cascade Investment Advisors Inc. Has $1.51 Million Holdings in Boyd Gaming Corporation $BYD

Cascade Investment Advisors Inc. lowered its holdings in Boyd Gaming Corporation (NYSE:BYDFree Report) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,336 shares of the company’s stock after selling 1,500 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Boyd Gaming were worth $1,513,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in Boyd Gaming by 56.8% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in Boyd Gaming by 68.0% in the first quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $51,000 after purchasing an additional 313 shares in the last quarter. Parallel Advisors LLC boosted its stake in Boyd Gaming by 24.5% in the second quarter. Parallel Advisors LLC now owns 685 shares of the company’s stock worth $54,000 after purchasing an additional 135 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Boyd Gaming by 28.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,210 shares of the company’s stock worth $80,000 after purchasing an additional 265 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Boyd Gaming by 76.9% in the first quarter. Golden State Wealth Management LLC now owns 1,636 shares of the company’s stock worth $108,000 after purchasing an additional 711 shares in the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Boyd Gaming from $73.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Stifel Nicolaus boosted their target price on Boyd Gaming from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Boyd Gaming in a research report on Monday, June 23rd. They set a “neutral” rating and a $79.00 target price for the company. Truist Financial boosted their target price on Boyd Gaming from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial restated an “outperform” rating on shares of Boyd Gaming in a research report on Monday, September 8th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $87.83.

Read Our Latest Report on Boyd Gaming

Boyd Gaming Stock Performance

Shares of BYD opened at $81.38 on Monday. The stock has a 50-day moving average of $84.59 and a two-hundred day moving average of $77.78. Boyd Gaming Corporation has a one year low of $58.94 and a one year high of $88.49. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $6.53 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.29 and a beta of 1.30.

Boyd Gaming (NYSE:BYDGet Free Report) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $1.35 EPS for the quarter. Boyd Gaming had a return on equity of 40.65% and a net margin of 14.02%.The company had revenue of $707.32 million during the quarter. As a group, research analysts predict that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Boyd Gaming’s payout ratio is 11.08%.

Insiders Place Their Bets

In other news, CFO Josh Hirsberg sold 40,035 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $85.41, for a total value of $3,419,389.35. Following the completion of the transaction, the chief financial officer owned 420,185 shares of the company’s stock, valued at $35,888,000.85. The trade was a 8.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Ted Bogich sold 16,497 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $83.18, for a total value of $1,372,220.46. Following the completion of the transaction, the chief operating officer directly owned 45,116 shares of the company’s stock, valued at approximately $3,752,748.88. This trade represents a 26.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,438 shares of company stock worth $32,638,085. 21.97% of the stock is currently owned by company insiders.

Boyd Gaming Company Profile

(Free Report)

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.

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

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