5,407 Shares in Boyd Gaming Co. (NYSE:BYD) Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new stake in Boyd Gaming Co. (NYSE:BYD) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,407 shares of the company’s stock, valued at approximately $392,000.

Several other institutional investors and hedge funds have also bought and sold shares of BYD. UMB Bank n.a. grew its stake in 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 acquiring an additional 175 shares during the period. GAMMA Investing LLC grew its position in Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. Covestor Ltd grew its position in Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after purchasing an additional 208 shares during the period. Quarry LP increased its stake in Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock valued at $56,000 after purchasing an additional 524 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after buying an additional 802 shares during the last quarter. 76.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BYD has been the subject of several recent research reports. Susquehanna boosted their target price on shares of Boyd Gaming from $69.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. JMP Securities reissued a “market perform” rating on shares of Boyd Gaming in a report on Friday. Stifel Nicolaus raised their target price on Boyd Gaming from $74.00 to $82.00 and gave the company a “hold” rating in a report on Friday. Argus upgraded Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Tuesday, December 17th. Finally, Barclays raised their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boyd Gaming has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Insider Activity at Boyd Gaming

In other news, CEO Keith Smith sold 40,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.49, for a total value of $2,939,600.00. Following the transaction, the chief executive officer now owns 1,161,202 shares of the company’s stock, valued at $85,336,734.98. This represents a 3.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine J. Spadafor sold 660 shares of Boyd Gaming stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $75.68, for a total transaction of $49,948.80. Following the sale, the director now directly owns 5,977 shares of the company’s stock, valued at $452,339.36. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,660 shares of company stock valued at $7,307,149 over the last three months. 27.94% of the stock is owned by corporate insiders.

Boyd Gaming Stock Performance

NYSE BYD opened at $77.09 on Monday. The firm has a market cap of $6.81 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 4.38 and a beta of 1.54. The company’s 50 day moving average is $74.10 and its 200-day moving average is $67.61. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $80.50. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85.

Boyd Gaming (NYSE:BYD) last announced 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%. Sell-side analysts predict that Boyd Gaming Co. will post 6.57 earnings per share for the current year.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Monday, December 16th. Boyd Gaming’s payout ratio is 10.93%.

Boyd Gaming declared that its Board of Directors has authorized a share buyback plan on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.