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

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

Boyd Group Services Price Performance

TSE BYD traded up C$0.61 on Thursday, reaching C$233.76. 25,133 shares of the company’s stock traded hands, compared to its average volume of 43,227. Boyd Group Services Inc. has a 12 month low of C$228.56 and a 12 month high of C$324.75. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30. The stock has a 50-day simple moving average of C$271.62 and a 200 day simple moving average of C$278.11. The stock has a market cap of C$5.02 billion, a PE ratio of 42.24, a P/E/G ratio of -56.72 and a beta of 1.08.

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

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Boyd Group Services’s payout ratio is currently 10.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BYD shares. National Bank Financial upgraded Boyd Group Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 15th. Raymond James decreased their price target on Boyd Group Services from C$375.00 to C$350.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Stifel Nicolaus decreased their price target on Boyd Group Services from C$335.00 to C$305.00 in a research report on Friday, May 17th. Desjardins upgraded Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, May 15th. Finally, Scotiabank decreased their price target on Boyd Group Services from C$325.00 to C$275.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. One equities research 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 stock. Based on data from MarketBeat.com, Boyd Group Services currently has a consensus rating of “Buy” and an average 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.