Boyd Gaming Corporation $BYD Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,037 shares of the company’s stock after purchasing an additional 2,025 shares during the period. Sequoia Financial Advisors LLC owned about 0.10% of Boyd Gaming worth $6,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Boyd Gaming by 24.5% during the second quarter. Parallel Advisors LLC now owns 685 shares of the company’s stock valued at $54,000 after acquiring an additional 135 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Boyd Gaming by 24.2% in the second quarter. GAMMA Investing LLC now owns 960 shares of the company’s stock valued at $75,000 after purchasing an additional 187 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Boyd Gaming by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the company’s stock valued at $1,224,000 after purchasing an additional 200 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Boyd Gaming by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 47,753 shares of the company’s stock valued at $3,143,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

Shares of BYD stock opened at $82.08 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.86 and a quick ratio of 0.82. Boyd Gaming Corporation has a 12-month low of $58.94 and a 12-month high of $88.49. The business has a 50 day simple moving average of $84.56 and a 200 day simple moving average of $77.90. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results 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 40.65% and a net margin of 14.02%. On average, equities research analysts anticipate that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, September 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is 11.08%.

Insider Activity at Boyd Gaming

In other news, COO Ted Bogich sold 16,497 shares of Boyd Gaming stock in a transaction on Friday, August 1st. The stock was sold at an average price of $83.18, for a total transaction of $1,372,220.46. Following the transaction, the chief operating officer directly owned 45,116 shares in the company, valued at approximately $3,752,748.88. This trade represents a 26.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marianne Boyd Johnson sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $84.17, for a total value of $8,417,000.00. Following the transaction, the chairman directly owned 1,504,379 shares of the company’s stock, valued at $126,623,580.43. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,438 shares of company stock worth $32,638,085 in the last quarter. Company insiders own 21.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BYD shares. Susquehanna lowered Boyd Gaming from a “positive” rating to a “neutral” rating and upped their target price for the company from $76.00 to $86.00 in a research report on Friday, July 11th. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Boyd Gaming in a report on Wednesday, October 8th. Truist Financial increased their price target on shares of 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 reaffirmed 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Boyd Gaming currently has a consensus rating of “Hold” and a consensus price target of $87.83.

Boyd Gaming Profile

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.