Boyd Gaming Co. (NYSE:BYD) Shares Bought by Quest Partners LLC

Quest Partners LLC grew its position in Boyd Gaming Co. (NYSE:BYD) by 86.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,815 shares of the company’s stock after buying an additional 1,308 shares during the quarter. Quest Partners LLC’s holdings in Boyd Gaming were worth $182,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BYD. Lazard Asset Management LLC increased its position in shares of Boyd Gaming by 4.9% in the first quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock valued at $360,000 after buying an additional 249 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Boyd Gaming by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company’s stock valued at $67,485,000 after buying an additional 3,087 shares in the last quarter. Tidal Investments LLC increased its position in shares of Boyd Gaming by 5.7% in the first quarter. Tidal Investments LLC now owns 11,578 shares of the company’s stock valued at $779,000 after buying an additional 627 shares in the last quarter. Comerica Bank increased its position in shares of Boyd Gaming by 103.1% in the first quarter. Comerica Bank now owns 42,898 shares of the company’s stock valued at $2,888,000 after buying an additional 21,772 shares in the last quarter. Finally, Beck Bode LLC purchased a new position in shares of Boyd Gaming in the first quarter valued at $15,985,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays raised their price target on Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Bank of America lifted their price objective on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Mizuho reiterated an “outperform” rating and set a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

Insiders Place Their Bets

In other news, CFO Josh Hirsberg sold 21,549 shares of Boyd Gaming stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the transaction, the chief financial officer now directly owns 438,615 shares of the company’s stock, valued at $31,330,269.45. The trade was a 4.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Keith Smith sold 30,000 shares of Boyd Gaming stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $72.15, for a total value of $2,164,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,101,202 shares in the company, valued at $79,451,724.30. This represents a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,704 shares of company stock valued at $10,540,944. Insiders own 28.40% of the company’s stock.

Boyd Gaming Stock Up 0.1 %

Shares of NYSE:BYD opened at $73.10 on Thursday. The stock’s 50-day moving average price is $67.62 and its two-hundred day moving average price is $60.36. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $74.78. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 9.58 and a beta of 1.55.

About Boyd Gaming

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.