Choreo LLC Buys 3,915 Shares of Boyd Gaming Corporation $BYD

Choreo LLC boosted its stake in Boyd Gaming Corporation (NYSE:BYD - Free Report) by 13.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,079 shares of the company's stock after buying an additional 3,915 shares during the quarter. Choreo LLC's holdings in Boyd Gaming were worth $2,672,000 as of its most recent SEC filing.

• Could This Entertainment Stock be the Belle of the Gaming Ball?

Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Boyd Gaming by 24.5% in the second quarter. Parallel Advisors LLC now owns 685 shares of the company's stock valued at $54,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC grew its position in Boyd Gaming by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 960 shares of the company's stock worth $75,000 after purchasing an additional 187 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company's stock valued at $36,000 after buying an additional 196 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Boyd Gaming by 219.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company's stock worth $29,000 after buying an additional 255 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Boyd Gaming by 28.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,210 shares of the company's stock worth $80,000 after buying an additional 265 shares during the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boyd Gaming

In related news, Chairman Marianne Boyd Johnson sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $86.62, for a total transaction of $8,662,000.00. Following the sale, the chairman owned 1,704,379 shares of the company's stock, valued at approximately $147,633,308.98. This represents a 5.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William R. Boyd sold 20,000 shares of the firm's stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the completion of the transaction, the director directly owned 1,960,447 shares of the company's stock, valued at approximately $157,541,520.92. The trade was a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 27.94% of the stock is currently owned by insiders.

Boyd Gaming Stock Performance

• Boyd Gaming stock: All signs point to a significant break higher

Shares of BYD opened at $83.40 on Friday. Boyd Gaming Corporation has a 52-week low of $58.94 and a 52-week high of $88.49. The stock's 50-day simple moving average is $82.11 and its 200 day simple moving average is $81.08. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 3.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.31.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its earnings results on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. Boyd Gaming had a return on equity of 41.97% and a net margin of 46.02%.The business had revenue of $707.32 million during the quarter. Research analysts forecast that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Analysts Set New Price Targets

• Can casino stocks win big if economy slows?

A number of analysts recently commented on the company. Wells Fargo & Company initiated coverage on Boyd Gaming in a research report on Tuesday, November 18th. They set an "equal weight" rating and a $85.00 price target for the company. Morgan Stanley increased their price target on shares of Boyd Gaming from $84.00 to $85.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 28th. Raymond James Financial reissued an "outperform" rating on shares of Boyd Gaming in a report on Monday, September 8th. Citigroup initiated coverage on Boyd Gaming in a research note on Thursday, November 20th. They issued a "neutral" rating and a $86.00 target price on the stock. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Boyd Gaming in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $89.54.

Read Our Latest Stock Report on Boyd Gaming

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.

Featured Stories

• Five stocks we like better than Boyd Gaming
• Quiet Period Expirations Explained
• Keysight Technologies' Surge: The Market Wakes Up to This AI Play
• How to Calculate Inflation Rate
• Is American Express the Credit Stock For a K-Shaped Economy?
• How Can Investors Benefit From After-Hours Trading
• Powering Up: How a Credit Upgrade Fuels Vistra’s AI Ambitions

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Boyd Gaming Right Now?

Before you consider Boyd Gaming, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boyd Gaming wasn't on the list.

While Boyd Gaming currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here