<div id="readability-page-1"><p>M&amp;T Bank Corp purchased a new stake in  Boyd Gaming Corporation (NYSE:BYD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The firm purchased 13,830 shares of the company's stock, valued at approximately $1,179,000.</p><ul><li>Could This Entertainment Stock be the Belle of the Gaming Ball?</li></ul><p>A number of other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. increased its position in shares of  Boyd Gaming by 94.8% during the third quarter. Citigroup Inc. now owns 229,823 shares of the company's stock valued at $19,868,000 after acquiring an additional 111,815 shares during the last quarter.  Asset Management One Co. Ltd. purchased a new stake in shares of  Boyd Gaming during the third quarter valued at approximately $1,531,000.  Envestnet Asset Management Inc. increased its position in shares of  Boyd Gaming by 78.3% during the third quarter. Envestnet Asset Management Inc. now owns 127,303 shares of the company's stock valued at $11,005,000 after acquiring an additional 55,923 shares during the last quarter.  Allianz Asset Management GmbH increased its position in shares of  Boyd Gaming by 174.3% during the third quarter. Allianz Asset Management GmbH now owns 274,154 shares of the company's stock valued at $23,701,000 after acquiring an additional 174,214 shares during the last quarter.  Finally, Caprock Group LLC purchased a new stake in shares of  Boyd Gaming during the third quarter valued at approximately $2,073,000. 76.81% of the stock is owned by institutional investors and hedge funds. </p><h2>Analysts Set New Price Targets</h2><p>A number of analysts have issued reports on the company. Wells Fargo &amp; Company decreased their target price on Boyd Gaming from $84.00 to $83.00 and set an &#34;equal weight&#34; rating for the company in a research report on Thursday, April 16th. Stifel Nicolaus decreased their target price on Boyd Gaming from $95.00 to $91.00 and set a &#34;hold&#34; rating for the company in a research report on Friday, April 24th. Citigroup raised their target price on Boyd Gaming from $86.00 to $90.00 and gave the stock a &#34;neutral&#34; rating in a research report on Thursday, April 16th. Barclays decreased their target price on Boyd Gaming from $87.00 to $86.00 and set an &#34;equal weight&#34; rating for the company in a research report on Friday, April 24th. Finally, Susquehanna decreased their target price on Boyd Gaming from $89.00 to $87.00 and set a &#34;neutral&#34; rating for the company in a research report on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating and nine have assigned  a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34; and a consensus price target of $92.08.</p><ul><li>Boyd Gaming stock: All signs point to a significant break higher</li></ul><p><b>Read Our Latest Analysis on Boyd Gaming</b></p><h2>Insider Activity</h2><p>In other news, CFO Josh Hirsberg sold 23,924 shares of Boyd Gaming stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $85.86, for a total value of $2,054,114.64. Following the completion of the transaction, the chief financial officer directly owned 435,746 shares in the company, valued at approximately $37,413,151.56. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Boyd sold 30,000 shares of Boyd Gaming stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $84.84, for a total value of $2,545,200.00. Following the completion of the transaction, the director owned 1,930,447 shares of the company's stock, valued at approximately $163,779,123.48. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 73,454 shares of company stock worth $6,231,827. 22.82% of the stock is owned by corporate insiders. </p><h2>Boyd Gaming Stock Performance</h2><ul><li>Can casino stocks win big if economy slows?</li></ul><p>NYSE:BYD opened at $86.89 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.54 and a quick ratio of 0.52. The business has a fifty day simple moving average of $84.08 and a two-hundred day simple moving average of $83.58. Boyd Gaming Corporation has a 1 year low of $68.98 and a 1 year high of $89.96. The company has a market capitalization of $6.54 billion, a P/E ratio of 3.81, a P/E/G ratio of 1.97 and a beta of 1.19. </p><p>Boyd Gaming (NYSE:BYD - Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.76 by ($0.16). Boyd Gaming had a return on equity of 26.53% and a net margin of 44.84%.The firm had revenue of $997.36 million during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the business earned $1.62 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year.  On average, analysts expect that  Boyd Gaming Corporation will post 7.41 earnings per share for the current year. </p><h2>Boyd Gaming Increases Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. This is a boost from Boyd Gaming's previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 16th. Boyd Gaming's dividend payout ratio (DPR) is presently 3.51%. </p><p>Boyd Gaming declared that its Board of Directors has authorized a stock buyback plan on Thursday, April 23rd that authorizes the company to repurchase $500.00 million in    shares. This repurchase authorization authorizes the company to repurchase up to 7.7% of its stock  through open market purchases. Stock  repurchase plans are typically an indication that the company's board believes its shares are undervalued. </p><h2>Boyd Gaming Profile</h2> (Free Report)<p>Boyd Gaming Corporation <span>NYSE: BYD<span></span></span> is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming's offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.  </p><p>Founded in 1975 by its namesake, William S.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Boyd Gaming</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJZRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJZRA"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Boyd Gaming Right Now?</h2><p>Before you consider Boyd Gaming, you'll want to hear this.</p><p>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.</p><p>While Boyd Gaming currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>M&T Bank Corp acquired a new stake in Boyd Gaming Corporation (NYSE:BYD) during Q4, purchasing 13,830 shares valued at approximately $1.18 million. Other institutional investors have also adjusted their stakes, with Citigroup increasing its position by 94.8%. Analysts have set new price targets, with Wells Fargo lowering its target from $84 to $83, while Citigroup raised its target from $86 to $90. Insider trading activity includes CFO Josh Hirsberg selling 23,924 shares. Boyd Gaming's stock opened at $86.89, with a market cap of $6.54 billion.</p>

Market Beat

M&T Bank

BOYD Gaming

VanEck Gaming ETF

Citigroup

Allianz SE

Wells Fargo

Stifel Financial

Barclays

M & T BANK CORP DEP SHS REPSTG 1/400TH INT PERP SER K

M & T BANK CORP PERP NON CUM PFD FIXED FLTG RATE SER H

M & T BANK CORP DEP SHS EA REP 1/400TH SHS SERIES J

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Allianz

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

M&T Bank Corp Takes Position in Boyd Gaming Corporation $BYD