Insider Buying: Boyd Group Services Inc. (TSE:BYD) Senior Officer Buys 600 Shares of Stock

Boyd Group Services Inc. (TSE:BYD) Senior Officer Brian Kaner acquired 600 shares of Boyd Group Services stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of C$170.70 per share, for a total transaction of C$102,420.00. Following the completion of the transaction, the insider now directly owns 600 shares in the company, valued at C$102,420.

Boyd Group Services Price Performance

TSE BYD opened at C$234.42 on Friday. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63. The firm’s 50 day moving average price is C$268.39 and its 200-day moving average price is C$277.92. Boyd Group Services Inc. has a 52-week low of C$228.56 and a 52-week high of C$324.75. The company has a market cap of C$5.03 billion, a PE ratio of 42.47, a P/E/G ratio of -56.72 and a beta of 1.08.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The business had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1.01 billion. Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. Sell-side analysts forecast that Boyd Group Services Inc. will post 6.4962738 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.26%. Boyd Group Services’s dividend payout ratio (DPR) is 10.87%.

Analyst Ratings Changes

A number of analysts recently weighed in on BYD shares. Desjardins raised shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, May 15th. National Bank Financial raised shares of Boyd Group Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. TD Securities dropped their target price on shares of Boyd Group Services from C$310.00 to C$296.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Finally, CIBC dropped their target price on shares of Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Boyd Group Services has a consensus rating of “Buy” and a consensus price target of C$301.85.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.