Barclays PLC Sells 59,061 Shares of Boyd Gaming Co. (NYSE:BYD)

Barclays PLC cut its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 35.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 108,481 shares of the company's stock after selling 59,061 shares during the period. Barclays PLC owned approximately 0.12% of Boyd Gaming worth $7,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners increased its position in shares of Boyd Gaming by 36.9% during the fourth quarter. Boston Partners now owns 3,955,544 shares of the company's stock worth $287,185,000 after acquiring an additional 1,065,887 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Boyd Gaming by 51.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock worth $94,074,000 after purchasing an additional 441,963 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Boyd Gaming by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,973 shares of the company's stock valued at $70,725,000 after purchasing an additional 3,052 shares during the period. Franklin Resources Inc. raised its holdings in shares of Boyd Gaming by 37.2% in the 4th quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock worth $69,932,000 after purchasing an additional 261,443 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Boyd Gaming by 1.9% during the fourth quarter. Victory Capital Management Inc. now owns 925,884 shares of the company's stock valued at $67,164,000 after purchasing an additional 16,979 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna upped their target price on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research report on Friday. StockNews.com lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of Boyd Gaming in a report on Friday, February 7th. Mizuho lowered their price objective on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $95.07.

Boyd Gaming Price Performance

NYSE BYD traded up $2.98 during trading hours on Friday, reaching $69.02. 2,173,239 shares of the company's stock were exchanged, compared to its average volume of 966,156. The firm has a fifty day moving average of $68.38 and a 200-day moving average of $71.15. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $80.50. The stock has a market cap of $5.70 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The business had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. On average, equities research analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Boyd Gaming's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, March 17th. Boyd Gaming's dividend payout ratio (DPR) is currently 11.75%.

Insider Activity

In related news, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the sale, the chairman now owns 1,346,628 shares of the company's stock, valued at approximately $104,606,063.04. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the transaction, the director now directly owns 4,852 shares of the company's stock, valued at $365,258.56. This represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock valued at $5,158,490 in the last quarter. Company insiders own 27.94% of the company's stock.

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.