Fmr LLC Sells 21,763 Shares of Boyd Gaming Co. (NYSE:BYD)

FMR LLC decreased its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,492,400 shares of the company's stock after selling 21,763 shares during the quarter. FMR LLC owned approximately 1.69% of Boyd Gaming worth $108,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its stake 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 valued at $29,000 after buying an additional 175 shares during the period. GAMMA Investing LLC raised its holdings in Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Boyd Gaming in the 4th quarter worth approximately $67,000. Wilmington Savings Fund Society FSB acquired a new position in Boyd Gaming in the third quarter valued at $64,000. Finally, Allworth Financial LP boosted its position in shares of Boyd Gaming by 2,735.1% during the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock valued at $79,000 after purchasing an additional 1,012 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the company'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 value of $84,690.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,884,000.00. Following the transaction, the chairman now directly owns 1,346,628 shares in the company, valued at $104,606,063.04. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,125 shares of company stock worth $5,158,490. Corporate insiders own 27.94% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BYD. Barclays upped their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Susquehanna lowered their price objective on shares of Boyd Gaming from $77.00 to $75.00 and set a "positive" rating on the stock in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Mizuho upped their target price on shares of Boyd Gaming from $79.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Truist Financial cut their price target on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.27.

Boyd Gaming Price Performance

NYSE BYD traded down $0.17 during trading on Friday, reaching $64.65. The company's stock had a trading volume of 661,029 shares, compared to its average volume of 977,664. The firm has a fifty day moving average of $69.84 and a 200 day moving average of $71.02. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $80.50. The stock has a market capitalization of $5.33 billion, a PE ratio of 10.39, 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 current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 earnings per share 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%. Analysts expect that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a dividend of $0.18 per share. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, March 17th. 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.