Boyd Gaming Co. (NYSE:BYD – Get Free Report) VP William R. Boyd sold 10,000 shares of Boyd Gaming stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $67.83, for a total value of $678,300.00. Following the transaction, the vice president now owns 1,684,610 shares of the company’s stock, valued at approximately $114,267,096.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boyd Gaming Stock Performance

BYD opened at $64.75 on Friday. Boyd Gaming Co. has a 12-month low of $46.10 and a 12-month high of $73.00. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.49 and a beta of 1.76. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $68.75 and its 200 day moving average is $66.39.

Get Boyd Gaming alerts:

Boyd Gaming (NYSE:BYD – Get Free Report) last released its earnings results on Thursday, July 27th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.02. The company had revenue of $916.95 million during the quarter, compared to analyst estimates of $910.59 million. Boyd Gaming had a net margin of 19.61% and a return on equity of 41.56%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. On average, equities research analysts predict that Boyd Gaming Co. will post 6.32 EPS for the current year.

Boyd Gaming Dividend Announcement

Institutional Investors Weigh In On Boyd Gaming

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 14th. Boyd Gaming’s payout ratio is presently 9.26%.

A number of hedge funds have recently bought and sold shares of BYD. Boston Partners bought a new stake in shares of Boyd Gaming in the 1st quarter valued at approximately $82,706,000. Ariel Investments LLC raised its stake in shares of Boyd Gaming by 63.4% in the first quarter. Ariel Investments LLC now owns 2,629,438 shares of the company’s stock valued at $172,965,000 after acquiring an additional 1,020,515 shares during the period. Millennium Management LLC lifted its holdings in shares of Boyd Gaming by 98.1% in the 4th quarter. Millennium Management LLC now owns 1,711,767 shares of the company’s stock worth $93,343,000 after acquiring an additional 847,797 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Boyd Gaming by 451.4% during the 1st quarter. Frontier Capital Management Co. LLC now owns 967,780 shares of the company’s stock worth $62,054,000 after purchasing an additional 792,277 shares during the period. Finally, Norges Bank bought a new position in Boyd Gaming during the 4th quarter valued at about $41,625,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BYD shares. Morgan Stanley raised Boyd Gaming from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $69.00 to $75.00 in a research report on Thursday, July 13th. Truist Financial increased their price target on shares of Boyd Gaming from $83.00 to $85.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boyd Gaming from $76.00 to $78.00 in a report on Wednesday, April 26th. Wells Fargo & Company increased their target price on Boyd Gaming from $82.00 to $83.00 in a research note on Thursday, July 13th. Finally, Argus boosted their price target on Boyd Gaming from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Check Out Our Latest Report on BYD

About Boyd Gaming

(Get Free Report)

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. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.

See Also

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.