Pillsbury Lake Capital LLC Buys Shares of 110,928 Boyd Group Services Inc. $BGSI

Pillsbury Lake Capital LLC bought a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,928 shares of the company’s stock, valued at approximately $10,492,841,000. Boyd Group Services comprises 2.9% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Boyd Group Services by 23.5% in the first quarter. Assetmark Inc. now owns 457 shares of the company’s stock valued at $58,000 after purchasing an additional 87 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Boyd Group Services in the fourth quarter worth $262,000. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Boyd Group Services in the fourth quarter worth $287,000. Deutsche Bank AG purchased a new position in shares of Boyd Group Services in the 2nd quarter valued at $188,000. Finally, Invesco Ltd. acquired a new position in shares of Boyd Group Services during the 4th quarter valued at $318,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Boyd Group Services Stock Up 1.1%

NYSE:BGSI opened at $86.48 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 188.00 and a beta of 0.72. Boyd Group Services Inc. has a one year low of $84.30 and a one year high of $183.10. The stock has a 50-day simple moving average of $98.00 and a 200 day simple moving average of $119.93.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Sell-side analysts predict that Boyd Group Services Inc. will post 3.43 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th were issued a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Boyd Group Services’s payout ratio is currently 95.65%.

Analysts Set New Price Targets

A number of analysts recently weighed in on BGSI shares. Zacks Research raised shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Finally, Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Company Profile

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.