Insider Selling: Boyd Gaming Co. (NYSE:BYD) Director Sells 25,155 Shares of Stock

Boyd Gaming Co. (NYSE:BYD) Director William R. Boyd sold 25,155 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Boyd Gaming Trading Down 0.9 %

Shares of Boyd Gaming stock opened at $68.66 on Monday. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $72.22. The stock has a market cap of $6.30 billion, a P/E ratio of 13.10, a P/E/G 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 business’s 50 day moving average is $63.55 and its 200-day moving average is $58.60.

Boyd Gaming Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BYD. Allspring Global Investments Holdings LLC grew its holdings in Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 189 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Boyd Gaming by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 17,024 shares of the company’s stock worth $1,146,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Boyd Gaming by 115.0% during the 1st quarter. BNP Paribas Financial Markets now owns 67,755 shares of the company’s stock worth $4,561,000 after purchasing an additional 36,237 shares in the last quarter. Fortem Financial Group LLC grew its holdings in shares of Boyd Gaming by 10.3% during the 1st quarter. Fortem Financial Group LLC now owns 17,289 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,615 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Boyd Gaming by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 60,810 shares of the company’s stock worth $4,094,000 after purchasing an additional 786 shares in the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BYD has been the subject of a number of research reports. StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Wells Fargo & Company raised their price target on 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. raised their price target on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays raised their price target on Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Bank of America raised their target price on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. 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 stock. According to MarketBeat.com, Boyd Gaming presently has an average rating of “Moderate Buy” and an average target price of $91.38.

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.