Vanguard Group Inc. Has $190.20 Million Holdings in Boyd Gaming Corporation (BYD)

Vanguard Group Inc. lessened its stake in Boyd Gaming Corporation (NYSE:BYD) by 21.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,666,204 shares of the company’s stock after selling 2,060,519 shares during the period. Vanguard Group Inc. owned about 6.77% of Boyd Gaming Corporation worth $190,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Boyd Gaming Corporation by 105,482.6% in the 1st quarter. BlackRock Inc. now owns 10,413,612 shares of the company’s stock valued at $229,205,000 after buying an additional 10,403,749 shares during the last quarter. State Street Corp grew its position in shares of Boyd Gaming Corporation by 2.0% in the 1st quarter. State Street Corp now owns 1,876,564 shares of the company’s stock valued at $41,304,000 after buying an additional 37,594 shares during the last quarter. Bank of America Corp DE grew its position in shares of Boyd Gaming Corporation by 373.3% in the 1st quarter. Bank of America Corp DE now owns 1,482,567 shares of the company’s stock valued at $32,631,000 after buying an additional 1,169,330 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Boyd Gaming Corporation by 1,386.9% in the 1st quarter. Point72 Asset Management L.P. now owns 1,238,594 shares of the company’s stock valued at $27,261,000 after buying an additional 1,155,294 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Boyd Gaming Corporation in the 2nd quarter valued at about $26,973,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Shares of Boyd Gaming Corporation (NYSE:BYD) opened at 27.95 on Wednesday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 7.38 and a beta of 1.87. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $28.29. The company’s 50 day moving average price is $26.34 and its 200 day moving average price is $25.09.

Boyd Gaming Corporation (NYSE:BYD) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The firm had revenue of $599.87 million for the quarter, compared to the consensus estimate of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts expect that Boyd Gaming Corporation will post $1.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Monday, September 18th were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.72%. Boyd Gaming Corporation’s payout ratio is 5.25%.

In other Boyd Gaming Corporation news, insider William S. Boyd sold 76,531 shares of Boyd Gaming Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $25.18, for a total transaction of $1,927,050.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Robert Bailey acquired 10,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $25.33 per share, for a total transaction of $253,300.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 133,531 shares of company stock worth $3,447,521. Insiders own 29.16% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/18/vanguard-group-inc-has-190-20-million-holdings-in-boyd-gaming-corporation-byd.html.

A number of equities research analysts have commented on BYD shares. Barclays PLC upped their price target on Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Telsey Advisory Group upped their price target on Boyd Gaming Corporation from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $29.00 price target (down previously from $30.00) on shares of Boyd Gaming Corporation in a research report on Sunday, July 30th. Finally, BidaskClub lowered Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Boyd Gaming Corporation by 105,482.6% in the 1st quarter. BlackRock Inc. now owns 10,413,612 shares of the company’s stock valued at $229,205,000 after buying an additional 10,403,749 shares during the last quarter. State Street Corp grew its position in shares of Boyd Gaming Corporation by 2.0% in the 1st quarter. State Street Corp now owns 1,876,564 shares of the company’s stock valued at $41,304,000 after buying an additional 37,594 shares during the last quarter. Bank of America Corp DE grew its position in shares of Boyd Gaming Corporation by 373.3% in the 1st quarter. Bank of America Corp DE now owns 1,482,567 shares of the company’s stock valued at $32,631,000 after buying an additional 1,169,330 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Boyd Gaming Corporation by 1,386.9% in the 1st quarter. Point72 Asset Management L.P. now owns 1,238,594 shares of the company’s stock valued at $27,261,000 after buying an additional 1,155,294 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Boyd Gaming Corporation in the 2nd quarter valued at about $26,973,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Shares of Boyd Gaming Corporation (NYSE:BYD) opened at 27.95 on Wednesday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 7.38 and a beta of 1.87. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $28.29. The company’s 50 day moving average price is $26.34 and its 200 day moving average price is $25.09.

Boyd Gaming Corporation (NYSE:BYD) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The firm had revenue of $599.87 million for the quarter, compared to the consensus estimate of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts expect that Boyd Gaming Corporation will post $1.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Monday, September 18th were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.72%. Boyd Gaming Corporation’s payout ratio is 5.25%.

In other Boyd Gaming Corporation news, insider William S. Boyd sold 76,531 shares of Boyd Gaming Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $25.18, for a total transaction of $1,927,050.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Robert Bailey acquired 10,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $25.33 per share, for a total transaction of $253,300.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 133,531 shares of company stock worth $3,447,521. Insiders own 29.16% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/18/vanguard-group-inc-has-190-20-million-holdings-in-boyd-gaming-corporation-byd.html.

A number of equities research analysts have commented on BYD shares. Barclays PLC upped their price target on Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Telsey Advisory Group upped their price target on Boyd Gaming Corporation from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $29.00 price target (down previously from $30.00) on shares of Boyd Gaming Corporation in a research report on Sunday, July 30th. Finally, BidaskClub lowered Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Boyd Gaming Corporation presently has an average rating of “Buy” and a consensus target price of $26.93.

About Boyd Gaming Corporation

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

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