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

Boyd Gaming Stock Performance

Shares of BYD traded down $1.25 during trading hours on Thursday, hitting $64.75. The company had a trading volume of 889,747 shares, compared to its average volume of 860,318. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.50 and a beta of 1.76. The business has a fifty day moving average of $68.84 and a 200-day moving average of $66.41. Boyd Gaming Co. has a 12 month low of $46.10 and a 12 month high of $73.00. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 1.66.

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Boyd Gaming (NYSE:BYD – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.02. The company had revenue of $916.95 million for 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 company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. Equities analysts anticipate that Boyd Gaming Co. will post 6.32 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

Hedge Funds Weigh In On Boyd Gaming

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

Several large investors have recently modified their holdings of BYD. Sunbelt Securities Inc. grew its stake in shares of Boyd Gaming by 15.0% in the second quarter. Sunbelt Securities Inc. now owns 1,575 shares of the company’s stock valued at $109,000 after acquiring an additional 205 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Boyd Gaming by 25.1% in the second quarter. Wells Fargo & Company MN now owns 78,433 shares of the company’s stock valued at $5,441,000 after acquiring an additional 15,745 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of Boyd Gaming by 4.5% in the second quarter. State of Tennessee Treasury Department now owns 54,970 shares of the company’s stock valued at $3,813,000 after acquiring an additional 2,378 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Boyd Gaming in the second quarter valued at about $612,000. Finally, HWG Holdings LP acquired a new position in shares of Boyd Gaming in the second quarter valued at about $951,000. 68.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BYD. Wells Fargo & Company boosted their price objective on shares of Boyd Gaming from $82.00 to $83.00 in a research report on Thursday, July 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boyd Gaming from $76.00 to $78.00 in a research report on Wednesday, April 26th. Argus upped their price target on shares of Boyd Gaming from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Susquehanna upped their price target on shares of Boyd Gaming from $80.00 to $84.00 in a research report on Wednesday, April 26th. Finally, Barclays upped their price target on shares of Boyd Gaming from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, April 21st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Check Out Our Latest Analysis 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.

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