Boyd Gaming Co. (NYSE:BYD) Director William R. Boyd Sells 25,155 Shares

Boyd Gaming Co. (NYSE:BYD) Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the transaction, the director now directly owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $68.66 on Friday. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 9.19 and a beta of 1.57. The firm’s 50-day moving average is $63.55 and its 200 day moving average is $58.64. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $72.22. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s payout ratio is 12.98%.

Analysts Set New Price Targets

A number of research analysts have issued reports on BYD shares. Macquarie reduced their price objective on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Mizuho reissued an “outperform” rating and set a $79.00 price objective (up from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Barclays boosted their target price on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Hedge Funds Weigh In On Boyd Gaming

A number of hedge funds have recently bought and sold shares of BYD. Allspring Global Investments Holdings LLC boosted its stake in Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 189 shares in the last quarter. State of Michigan Retirement System lifted its stake in Boyd Gaming by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 17,024 shares of the company’s stock valued at $1,146,000 after acquiring an additional 400 shares during the period. BNP Paribas Financial Markets lifted its stake in Boyd Gaming by 115.0% during the 1st quarter. BNP Paribas Financial Markets now owns 67,755 shares of the company’s stock valued at $4,561,000 after acquiring an additional 36,237 shares during the period. Fortem Financial Group LLC lifted its stake in Boyd Gaming by 10.3% during the 1st quarter. Fortem Financial Group LLC now owns 17,289 shares of the company’s stock valued at $1,164,000 after acquiring an additional 1,615 shares during the period. Finally, Texas Permanent School Fund Corp lifted its stake in Boyd Gaming by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 60,810 shares of the company’s stock valued at $4,094,000 after acquiring an additional 786 shares during the period. Institutional investors own 76.81% of the company’s stock.

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.