Teton Advisors Inc. Sells 12,000 Shares of Boyd Gaming Co. (NYSE:BYD)

Teton Advisors Inc. cut its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 75.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,000 shares of the company’s stock after selling 12,000 shares during the quarter. Teton Advisors Inc.’s holdings in Boyd Gaming were worth $250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG increased its holdings in shares of Boyd Gaming by 23.3% in the third quarter. Deutsche Bank AG now owns 230,397 shares of the company’s stock worth $14,015,000 after purchasing an additional 43,578 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Boyd Gaming in the fourth quarter worth about $117,720,000. Choreo LLC bought a new stake in shares of Boyd Gaming in the fourth quarter worth about $1,037,000. Sei Investments Co. increased its holdings in shares of Boyd Gaming by 8.6% in the third quarter. Sei Investments Co. now owns 243,365 shares of the company’s stock worth $14,804,000 after purchasing an additional 19,256 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Boyd Gaming by 4.9% in the third quarter. UBS Group AG now owns 274,235 shares of the company’s stock worth $16,682,000 after purchasing an additional 12,798 shares during the last quarter. 76.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BYD has been the topic of several research reports. Susquehanna reaffirmed a “neutral” rating and issued a $75.00 target price (down from $84.00) on shares of Boyd Gaming in a report on Monday, February 12th. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Argus cut Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday. Mizuho reduced their price objective on Boyd Gaming from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. cut Boyd Gaming from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $67.00 in a research note on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $72.20.

Insider Activity at Boyd Gaming

In related news, Director A. Randall Thoman sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.75, for a total value of $159,375.00. Following the completion of the sale, the director now owns 4,017 shares in the company, valued at $256,083.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director A. Randall Thoman sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total value of $159,375.00. Following the completion of the transaction, the director now owns 4,017 shares of the company’s stock, valued at $256,083.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William S. Boyd sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.77, for a total transaction of $7,971,250.00. Following the completion of the transaction, the insider now directly owns 9,358,913 shares of the company’s stock, valued at approximately $596,817,882.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 582,910 shares of company stock worth $37,299,461. Company insiders own 27.94% of the company’s stock.

Boyd Gaming Trading Up 1.5 %

Shares of NYSE:BYD traded up $0.80 during trading hours on Thursday, hitting $54.15. 1,330,591 shares of the company’s stock traded hands, compared to its average volume of 849,362. Boyd Gaming Co. has a 1 year low of $52.42 and a 1 year high of $73.00. The business has a fifty day moving average price of $63.44 and a 200-day moving average price of $61.89. The firm has a market capitalization of $5.18 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 2.54 and a beta of 1.64. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.89 and a quick ratio of 0.85.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, February 8th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. Boyd Gaming had a return on equity of 34.77% and a net margin of 14.91%. The business had revenue of $954.41 million during the quarter, compared to analyst estimates of $928.04 million. During the same quarter in the previous year, the business earned $1.72 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts expect that Boyd Gaming Co. will post 6.11 earnings per share for the current year.

Boyd Gaming Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.17 dividend. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. Boyd Gaming’s payout ratio is presently 12.21%.

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.