Boyd Gaming Co. (NYSE:BYD) Shares Bought by Boston Partners

Boston Partners increased its stake in Boyd Gaming Co. (NYSE:BYD - Free Report) by 36.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,955,544 shares of the company's stock after acquiring an additional 1,065,887 shares during the period. Boston Partners owned approximately 4.48% of Boyd Gaming worth $287,185,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Boyd Gaming by 47.4% in the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after acquiring an additional 175 shares during the last quarter. Cetera Trust Company N.A lifted its position in Boyd Gaming by 6.2% during the fourth quarter. Cetera Trust Company N.A now owns 3,535 shares of the company's stock valued at $256,000 after buying an additional 205 shares in the last quarter. KBC Group NV lifted its position in Boyd Gaming by 0.9% during the third quarter. KBC Group NV now owns 25,407 shares of the company's stock valued at $1,643,000 after buying an additional 232 shares in the last quarter. Finally, US Bancorp DE lifted its position in Boyd Gaming by 13.6% during the fourth quarter. US Bancorp DE now owns 2,943 shares of the company's stock valued at $213,000 after buying an additional 353 shares in the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boyd Gaming news, Director William R. Boyd sold 15,000 shares of Boyd Gaming stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the completion of the transaction, the director now owns 1,472,970 shares of the company's stock, valued at $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the completion of the transaction, the chairman now directly owns 1,346,628 shares of the company's stock, valued at approximately $104,606,063.04. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,125 shares of company stock valued at $5,158,490 over the last 90 days. 27.94% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley cut shares of Boyd Gaming from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $82.00 to $81.00 in a research report on Monday, February 24th. JMP Securities reaffirmed a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. Jefferies Financial Group raised shares of Boyd Gaming from a "hold" rating to a "buy" rating and lifted their price target for the company from $73.00 to $92.00 in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, StockNews.com cut shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.20.

Boyd Gaming Stock Up 0.5 %

Shares of NYSE:BYD traded up $0.35 during midday trading on Friday, reaching $68.09. The company had a trading volume of 1,488,545 shares, compared to its average volume of 935,432. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The stock's fifty day moving average price is $74.27 and its 200-day moving average price is $70.62. The stock has a market capitalization of $5.70 billion, a P/E ratio of 10.95, a PEG ratio of 4.46 and a beta of 1.55. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. Equities research analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming declared that its board has approved a share repurchase program on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Boyd Gaming Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, March 17th. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. Boyd Gaming's payout ratio is currently 11.58%.

Boyd Gaming Company 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.