Capital Fund Management S.A. Has $1.17 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Capital Fund Management S.A. reduced its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 81.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,130 shares of the company's stock after selling 68,743 shares during the quarter. Capital Fund Management S.A.'s holdings in Boyd Gaming were worth $1,170,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. grew its holdings in Boyd Gaming by 80.3% during the 4th 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 period. GAMMA Investing LLC boosted its holdings in Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after buying an additional 148 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Boyd Gaming in the 3rd quarter valued at about $64,000. Golden State Wealth Management LLC acquired a new stake in shares of Boyd Gaming in the 4th quarter valued at approximately $67,000. Finally, Allworth Financial LP boosted its stake in Boyd Gaming by 2,735.1% during the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock worth $79,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 76.81% of the company's stock.

Analysts Set New Price Targets

BYD has been the topic of a number of research analyst reports. Mizuho increased their price target on Boyd Gaming from $79.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JMP Securities reiterated a "market perform" rating on shares of Boyd Gaming in a research note on Friday, February 7th. Susquehanna dropped their price objective on Boyd Gaming from $77.00 to $75.00 and set a "positive" rating for the company in a research report on Wednesday. Morgan Stanley reduced their price target on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Truist Financial reduced their price objective on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Boyd Gaming currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.27.

Insiders Place Their Bets

In other news, Chairman Marianne Boyd Johnson sold 50,000 shares of the company's 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 sale, the chairman now directly owns 1,346,628 shares of the company's stock, valued at $104,606,063.04. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William R. Boyd sold 15,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the sale, 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 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.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded down $0.17 on Friday, hitting $64.65. The stock had a trading volume of 661,029 shares, compared to its average volume of 978,639. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 4.46 and a beta of 1.31. The company's 50 day moving average price is $69.58 and its 200 day moving average price is $71.02.

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

Boyd Gaming Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. Boyd Gaming's dividend payout ratio (DPR) is currently 11.58%.

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.