Janus Henderson Group PLC Cuts Holdings in Boyd Gaming Co. (NYSE:BYD)

Janus Henderson Group PLC lowered its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,087 shares of the company’s stock after selling 2,000 shares during the period. Janus Henderson Group PLC’s holdings in Boyd Gaming were worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. lifted its position in Boyd Gaming by 80.3% during 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 last quarter. CoreCap Advisors LLC lifted its holdings in shares of Boyd Gaming by 91.0% during the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock valued at $42,000 after purchasing an additional 273 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Boyd Gaming in the 4th quarter worth $67,000. Investment Counsel Co. of Nevada purchased a new position in Boyd Gaming during the 4th quarter worth $73,000. Finally, Allworth Financial LP increased its position in 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 buying an additional 1,012 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Insiders Place Their Bets

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the business’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 transaction of $84,690.00. Following the transaction, the director now 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 the SEC website. 27.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BYD has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of Boyd Gaming from $82.00 to $71.00 and set a “hold” rating for the company in a research note on Friday, April 25th. Barclays lowered their price objective on shares of Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. StockNews.com downgraded Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Truist Financial lowered their price target on Boyd Gaming from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, Mizuho cut their price objective on Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.69.

Boyd Gaming Trading Down 0.8%

NYSE BYD opened at $74.05 on Wednesday. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $80.50. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The firm’s fifty day moving average price is $68.09 and its 200 day moving average price is $71.84.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping 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 period last year, the firm posted $1.51 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 0.97%. Boyd Gaming’s dividend payout ratio is currently 11.75%.

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.