Bamco Inc. NY lifted its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,528,617 shares of the company’s stock after purchasing an additional 143,680 shares during the period. Bamco Inc. NY owned 1.36% of Boyd Gaming worth $39,820,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Boyd Gaming by 5.0% during the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock worth $284,000 after purchasing an additional 546 shares during the period. Texas Permanent School Fund raised its stake in Boyd Gaming by 1.0% in the second quarter. Texas Permanent School Fund now owns 60,351 shares of the company’s stock worth $1,497,000 after buying an additional 600 shares in the last quarter. Victory Capital Management Inc. raised its stake in Boyd Gaming by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,359 shares of the company’s stock worth $232,000 after buying an additional 1,403 shares in the last quarter. Aperio Group LLC raised its stake in Boyd Gaming by 4.7% in the second quarter. Aperio Group LLC now owns 31,737 shares of the company’s stock worth $787,000 after buying an additional 1,426 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Boyd Gaming by 0.6% in the second quarter. American Century Companies Inc. now owns 350,004 shares of the company’s stock worth $8,684,000 after buying an additional 2,086 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.
A number of research firms recently issued reports on BYD. ValuEngine downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Deutsche Bank increased their price target on shares of Boyd Gaming to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Stifel Nicolaus increased their price target on shares of Boyd Gaming from $28.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Morgan Stanley set a $28.00 price target on shares of Boyd Gaming and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $28.00.
Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The business had revenue of $587.70 million for the quarter, compared to the consensus estimate of $592.29 million. During the same period in the prior year, the business posted $0.14 EPS. Boyd Gaming’s revenue for the quarter was up 10.5% on a year-over-year basis. equities research analysts expect that Boyd Gaming Corporation will post 1.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Thursday, December 28th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Wednesday, December 27th. Boyd Gaming’s dividend payout ratio is 19.23%.
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About Boyd Gaming
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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