Credit Suisse AG boosted its position in Boyd Gaming Co. (NYSE:BYD) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,538 shares of the company’s stock after buying an additional 4,370 shares during the quarter. Credit Suisse AG’s holdings in Boyd Gaming were worth $5,284,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BYD. Berman Capital Advisors LLC grew its position in Boyd Gaming by 34.7% in the 3rd quarter. Berman Capital Advisors LLC now owns 636 shares of the company’s stock worth $40,000 after purchasing an additional 164 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Boyd Gaming by 0.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,065 shares of the company’s stock worth $1,712,000 after purchasing an additional 181 shares during the last quarter. NEXT Financial Group Inc grew its position in Boyd Gaming by 5.4% in the 3rd quarter. NEXT Financial Group Inc now owns 3,783 shares of the company’s stock worth $239,000 after purchasing an additional 194 shares during the last quarter. State of Michigan Retirement System grew its position in Boyd Gaming by 1.0% in the 3rd quarter. State of Michigan Retirement System now owns 20,518 shares of the company’s stock worth $1,298,000 after purchasing an additional 200 shares during the last quarter. Finally, Sigma Planning Corp grew its position in Boyd Gaming by 6.1% in the 2nd quarter. Sigma Planning Corp now owns 3,676 shares of the company’s stock worth $226,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 66.73% of the company’s stock.
Several analysts have issued reports on BYD shares. Wells Fargo & Company restated an “overweight” rating and issued a $92.00 price target on shares of Boyd Gaming in a research report on Thursday, October 21st. Stifel Nicolaus raised their price target on shares of Boyd Gaming from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Morgan Stanley reduced their price objective on shares of Boyd Gaming from $83.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, February 4th. Raymond James raised shares of Boyd Gaming to a “strong-buy” rating in a report on Thursday, December 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boyd Gaming from $81.00 to $78.00 and set a “buy” rating for the company in a report on Monday, November 29th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $82.00.
Shares of BYD stock opened at $70.72 on Friday. Boyd Gaming Co. has a 12-month low of $50.38 and a 12-month high of $72.72. The company has a market capitalization of $7.95 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.28 and a beta of 2.05. The firm has a 50-day moving average price of $62.19 and a 200 day moving average price of $62.01. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.18.
Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, February 3rd. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.10. Boyd Gaming had a net margin of 13.77% and a return on equity of 42.78%. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, research analysts expect that Boyd Gaming Co. will post 5.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Tuesday, March 15th will be issued a dividend of $0.15 per share. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.07. This represents a $0.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, March 14th.
Boyd Gaming Profile
Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas and Midwest & South. The Las Vegas Locals segment consists of casinos that serve the resident population of the Las Vegas metropolitan area.
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