Boyd Gaming Co. (NYSE:BYD) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in Boyd Gaming Co. (NYSE:BYD) by 15.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 68,683 shares of the company’s stock after buying an additional 9,266 shares during the period. Aptus Capital Advisors LLC’s holdings in Boyd Gaming were worth $4,440,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Cetera Trust Company N.A lifted its stake in shares of Boyd Gaming by 5.4% in the 3rd quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock valued at $215,000 after purchasing an additional 170 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 189 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Boyd Gaming by 2.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock valued at $444,000 after purchasing an additional 205 shares during the last quarter. Covestor Ltd lifted its stake in shares of Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after purchasing an additional 208 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Boyd Gaming by 4.9% in the 1st quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock valued at $360,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BYD. Mizuho reissued an “outperform” rating and set a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Barclays increased their target price on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Morgan Stanley increased their target price on Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their target price on Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boyd Gaming currently has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Boyd Gaming Trading Down 0.4 %

BYD opened at $73.88 on Wednesday. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $74.78. The company has a market cap of $6.53 billion, a P/E ratio of 14.10, a PEG ratio of 9.61 and a beta of 1.55. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The business’s 50-day simple moving average is $65.24 and its 200-day simple moving average is $59.06.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were issued a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.92%. Boyd Gaming’s payout ratio is currently 12.98%.

Insider Activity

In other news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the transaction, the director now owns 1,096 shares in the company, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Josh Hirsberg sold 21,549 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the completion of the sale, the chief financial officer now directly owns 438,615 shares of the company’s stock, valued at $31,330,269.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.36, for a total value of $74,967.12. Following the completion of the sale, the director now directly owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,076 shares of company stock worth $7,763,331. 28.40% of the stock is currently owned by insiders.

About Boyd Gaming

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.