Boyd Gaming Co. (NYSE:BYD) Shares Sold by Nitorum Capital L.P.

Nitorum Capital L.P. trimmed its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 492,448 shares of the company's stock after selling 44,284 shares during the period. Boyd Gaming comprises 4.1% of Nitorum Capital L.P.'s investment portfolio, making the stock its 7th largest position. Nitorum Capital L.P. owned 0.56% of Boyd Gaming worth $35,722,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Hancock Whitney Corp acquired a new position in shares of Boyd Gaming during the fourth quarter worth $475,000. Orvieto Partners L.P. acquired a new position in shares of Boyd Gaming during the fourth quarter worth $2,902,000. Quantessence Capital LLC acquired a new position in shares of Boyd Gaming during the fourth quarter worth $410,000. Stifel Financial Corp lifted its position in shares of Boyd Gaming by 58.2% during the fourth quarter. Stifel Financial Corp now owns 31,169 shares of the company's stock worth $2,261,000 after purchasing an additional 11,470 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of Boyd Gaming by 4.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 33,277 shares of the company's stock worth $2,414,000 after purchasing an additional 1,318 shares in the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded down $0.05 during trading on Tuesday, hitting $69.23. 831,936 shares of the stock were exchanged, compared to its average volume of 962,387. The stock's fifty day moving average is $68.17 and its 200 day moving average is $71.25. The stock has a market cap of $5.71 billion, a PE ratio of 11.13, a P/E/G ratio of 4.46 and a beta of 1.31. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS 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 for the quarter, compared to analyst estimates of $976.38 million. During the same quarter last year, the business earned $1.51 earnings per share. The business's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a $0.18 dividend. This is a positive change from Boyd Gaming's previous quarterly dividend of $0.17. The ex-dividend date was Monday, March 17th. This represents a $0.72 annualized dividend and a yield of 1.04%. Boyd Gaming's payout ratio is 11.75%.

Insiders Place Their Bets

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of Boyd Gaming stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, valued at approximately $365,258.56. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the transaction, the chairman now owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,125 shares of company stock worth $5,158,490. 27.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BYD has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their price target on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Truist Financial dropped their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, Susquehanna lifted their price target on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Boyd Gaming currently has an average rating of "Moderate Buy" and a consensus price target of $95.07.

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.