California Public Employees Retirement System boosted its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,690 shares of the company’s stock after buying an additional 2,390 shares during the quarter. California Public Employees Retirement System owned approximately 0.06% of Boyd Gaming worth $1,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bamco Inc. NY lifted its holdings in Boyd Gaming by 10.4% during the 3rd quarter. Bamco Inc. NY now owns 1,528,617 shares of the company’s stock valued at $39,820,000 after buying an additional 143,680 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Boyd Gaming by 15,392.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 57,168 shares of the company’s stock valued at $1,489,000 after buying an additional 56,799 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Boyd Gaming by 34.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,566,570 shares of the company’s stock valued at $118,959,000 after buying an additional 1,181,986 shares in the last quarter. Caxton Associates LP lifted its holdings in Boyd Gaming by 12.9% during the 3rd quarter. Caxton Associates LP now owns 481,385 shares of the company’s stock valued at $12,540,000 after buying an additional 55,137 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its holdings in Boyd Gaming by 8.7% during the 3rd quarter. Boothbay Fund Management LLC now owns 47,346 shares of the company’s stock valued at $1,233,000 after buying an additional 3,799 shares in the last quarter. Institutional investors own 76.22% of the company’s stock.

Boyd Gaming Co. (NYSE:BYD) opened at $37.74 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.68 and a current ratio of 0.73. The company has a market cap of $4,260.00, a P/E ratio of 45.47 and a beta of 1.82. Boyd Gaming Co. has a 52 week low of $19.20 and a 52 week high of $37.75.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $587.70 million for the quarter, compared to the consensus estimate of $592.29 million. Boyd Gaming had a return on equity of 13.82% and a net margin of 5.08%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. analysts forecast that Boyd Gaming Co. will post 1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Boyd Gaming’s dividend payout ratio (DPR) is presently 24.10%.

Several equities research analysts have recently commented on the stock. Jefferies Group assumed coverage on shares of Boyd Gaming in a report on Thursday. They issued a “hold” rating for the company. Argus assumed coverage on shares of Boyd Gaming in a report on Wednesday. They issued a “buy” rating and a $44.00 price target for the company. Zacks Investment Research upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, January 9th. Bank of America upgraded shares of Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 price target for the company in a report on Friday, January 5th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Boyd Gaming in a report on Thursday, December 21st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.69.

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About Boyd Gaming

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

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Institutional Ownership by Quarter for Boyd Gaming (NYSE:BYD)

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