Insider Buying: Boyd Group Services Inc. (TSE:BYD) Senior Officer Acquires 456 Shares of Stock

Boyd Group Services Inc. (TSE:BYD) Senior Officer Jeff Murray bought 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of C$223.12 per share, with a total value of C$101,742.72.

Boyd Group Services Stock Performance

Boyd Group Services stock traded up C$4.80 during mid-day trading on Monday, reaching C$224.80. 78,563 shares of the company were exchanged, compared to its average volume of 53,580. Boyd Group Services Inc. has a twelve month low of C$211.22 and a twelve month high of C$324.75. The firm’s 50-day simple moving average is C$246.88 and its two-hundred day simple moving average is C$269.36. The company has a debt-to-equity ratio of 142.10, a quick ratio of 0.30 and a current ratio of 0.59. The firm has a market cap of C$4.83 billion, a PE ratio of 46.41, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. The firm had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Equities analysts predict that Boyd Group Services Inc. will post 4.8300559 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Sunday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, June 28th. Boyd Group Services’s dividend payout ratio is currently 12.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BYD shares. Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$305.00 to C$295.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Royal Bank of Canada lowered their price target on Boyd Group Services from C$308.00 to C$306.00 in a research report on Friday. Jefferies Financial Group reduced their target price on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday. BMO Capital Markets cut their price target on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Finally, National Bank Financial upgraded Boyd Group Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boyd Group Services currently has an average rating of “Moderate Buy” and a consensus price target of C$286.85.

Boyd Group Services Company Profile

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.