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 business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boyd Gaming Stock Performance

BYD stock 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. The firm has a 50 day moving average of $63.38 and a two-hundred day moving average of $58.61. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $72.22. The stock has a market cap 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 current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 1.70.

Boyd Gaming Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on BYD. Macquarie lowered their price target on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, July 26th. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company upped their target price on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays upped 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.38.

Hedge Funds Weigh In On Boyd Gaming

Large investors have recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Boyd Gaming during the 2nd quarter worth $29,000. Allspring Global Investments Holdings LLC raised its position in Boyd Gaming by 57.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 189 shares during the last quarter. Blue Trust Inc. raised its position in Boyd Gaming by 58.2% during the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after buying an additional 288 shares during the last quarter. Farther Finance Advisors LLC raised its position in Boyd Gaming by 921.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after buying an additional 802 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Boyd Gaming during the 1st quarter worth $90,000. Hedge funds and other 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.