Insider Selling: 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Boyd Gaming Stock Down 0.9 %

Shares of Boyd Gaming stock opened at $68.66 on Monday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 13.10, a PEG ratio of 9.04 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 1.70. The stock has a 50 day moving average price of $63.55 and a two-hundred day moving average price of $58.60. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $72.22.

Boyd Gaming Announces Dividend

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

Wall Street Analysts Forecast Growth

BYD has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Mizuho reiterated an “outperform” rating and set a $79.00 price target (up previously from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Bank of America increased their price target on shares of Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Seven 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.38.

Institutional Investors Weigh In On Boyd Gaming

Several hedge funds have recently modified their holdings of BYD. Long Pond Capital LP bought a new stake in shares of Boyd Gaming in the second quarter valued at approximately $20,440,000. Ariel Investments LLC raised its stake in shares of Boyd Gaming by 12.5% in the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after purchasing an additional 335,984 shares in the last quarter. Boston Partners raised its stake in shares of Boyd Gaming by 10.0% in 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 in the last quarter. Beck Bode LLC acquired a new position in shares of Boyd Gaming in the first quarter valued at $15,985,000. Finally, Scout Investments Inc. raised its stake in shares of Boyd Gaming by 68.7% in the first quarter. Scout Investments Inc. now owns 487,441 shares of the company’s stock valued at $32,985,000 after purchasing an additional 198,490 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

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.