Boyd Gaming Co. (NYSE:BYD) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Boyd Gaming Co. (NYSE:BYD) by 11,891.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 62,117 shares of the company’s stock after acquiring an additional 61,599 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Boyd Gaming were worth $4,016,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in Boyd Gaming by 0.6% in the 3rd quarter. Raymond James & Associates now owns 67,439 shares of the company’s stock valued at $4,360,000 after buying an additional 403 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of Boyd Gaming in the third quarter worth approximately $201,000. AlphaMark Advisors LLC grew its holdings in Boyd Gaming by 5.8% in the third quarter. AlphaMark Advisors LLC now owns 8,529 shares of the company’s stock valued at $551,000 after purchasing an additional 466 shares during the period. Creative Planning grew its holdings in Boyd Gaming by 10.5% in the third quarter. Creative Planning now owns 8,797 shares of the company’s stock valued at $569,000 after purchasing an additional 838 shares during the period. Finally, CX Institutional increased its position in Boyd Gaming by 10.7% during the third quarter. CX Institutional now owns 16,175 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,568 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

Boyd Gaming stock opened at $71.65 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79. The firm’s fifty day moving average price is $62.68 and its 200 day moving average price is $58.40. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.86 and a beta of 1.57. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $72.18.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, September 13th. Boyd Gaming’s dividend payout ratio (DPR) is 12.21%.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the completion of the sale, the chairman now owns 1,423,498 shares in the company, valued at $85,737,284.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the sale, the director now directly owns 1,096 shares in the company, valued at $66,154.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BYD. Mizuho reiterated an “outperform” rating and issued a $79.00 price target (up previously from $78.00) on shares of Boyd Gaming in a report on Friday. Bank of America lifted their target price on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Wells Fargo & Company upped their price target on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley lifted their price objective on Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.38.

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.