Josh Hirsberg Sells 21,549 Shares of Boyd Gaming Co. (NYSE:BYD) Stock

Boyd Gaming Co. (NYSE:BYD) CFO Josh Hirsberg sold 21,549 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the transaction, the chief financial officer now directly owns 438,615 shares in the company, valued at $31,330,269.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boyd Gaming Trading Up 1.1 %

BYD stock traded up $0.79 during midday trading on Thursday, reaching $72.40. 898,468 shares of the company traded hands, compared to its average volume of 926,465. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 8.92 and a beta of 1.55. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The business has a 50 day moving average of $64.14 and a 200-day moving average of $58.73. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $73.35.

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, September 13th. Boyd Gaming’s dividend payout ratio (DPR) is currently 12.98%.

Wall Street Analysts Forecast Growth

BYD has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Barclays lifted their price target on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Macquarie reduced their price target on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial lifted their price objective on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boyd Gaming has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in shares of Boyd Gaming by 6,158.8% during the 3rd quarter. Victory Capital Management Inc. now owns 908,905 shares of the company’s stock worth $58,761,000 after acquiring an additional 894,383 shares during the last quarter. Long Pond Capital LP purchased a new stake in Boyd Gaming in the second quarter worth $20,440,000. Ariel Investments LLC lifted its position in shares of Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock worth $167,046,000 after purchasing an additional 335,984 shares during the last quarter. Boston Partners boosted its stake in shares of Boyd Gaming by 10.0% during the first quarter. Boston Partners now owns 3,031,091 shares of the company’s stock valued at $203,276,000 after purchasing an additional 274,876 shares during the period. Finally, Beck Bode LLC bought a new position in shares of Boyd Gaming in the first quarter worth about $15,985,000. 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.