Boyd Gaming Co. (NYSE:BYD) Director Sells $1,744,499.25 in Stock

Boyd Gaming Co. (NYSE:BYD) Director William R. Boyd sold 25,155 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Boyd Gaming Price Performance

Shares of NYSE BYD traded down $0.63 on Friday, hitting $68.66. The company’s stock had a trading volume of 742,226 shares, compared to its average volume of 926,991. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $72.22. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 9.19 and a beta of 1.57. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79. The stock has a 50 day moving average of $63.38 and a 200-day moving average of $58.61.

Boyd Gaming Announces Dividend

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

Hedge Funds Weigh In On Boyd Gaming

Several institutional investors and hedge funds have recently modified their holdings of BYD. Altshuler Shaham Ltd purchased a new position in shares of Boyd Gaming during the second quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Boyd Gaming by 57.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 189 shares during the period. Blue Trust Inc. increased its position in Boyd Gaming by 58.2% during the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after purchasing an additional 288 shares during the last quarter. Farther Finance Advisors LLC increased its position in Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after purchasing an additional 802 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Boyd Gaming during the first quarter worth approximately $90,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Analysts Set New Price Targets

BYD has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial boosted their price objective on shares of Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Mizuho reissued an “outperform” rating and set a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

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.