Keith Smith Sells 30,000 Shares of Boyd Gaming Co. (NYSE:BYD) Stock

Boyd Gaming Co. (NYSE:BYD) CEO Keith Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $72.15, for a total value of $2,164,500.00. Following the sale, the chief executive officer now directly owns 1,101,202 shares in the company, valued at approximately $79,451,724.30. This trade represents a 2.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Keith Smith also recently made the following trade(s):

• On Tuesday, November 19th, Keith Smith sold 30,000 shares of Boyd Gaming stock. The shares were sold at an average price of $71.77, for a total value of $2,153,100.00.
• On Wednesday, November 13th, Keith Smith sold 40,000 shares of Boyd Gaming stock. The stock was sold at an average price of $73.49, for a total value of $2,939,600.00.

Boyd Gaming Stock Performance

NYSE:BYD opened at $73.04 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $74.78. The company has a fifty day moving average of $67.41 and a 200-day moving average of $60.22. The firm has a market capitalization of $6.46 billion, a P/E ratio of 13.94, a P/E/G ratio of 9.49 and a beta of 1.55.

Institutional Investors Weigh In On Boyd Gaming

Several hedge funds and other institutional investors have recently bought and sold shares of BYD. Comerica Bank grew its stake in shares of Boyd Gaming by 103.1% in the 1st quarter. Comerica Bank now owns 42,898 shares of the company’s stock valued at $2,888,000 after buying an additional 21,772 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Boyd Gaming by 11,891.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company’s stock valued at $4,016,000 after acquiring an additional 61,599 shares during the period. Sei Investments Co. increased its holdings in shares of Boyd Gaming by 24.7% during the second quarter. Sei Investments Co. now owns 497,331 shares of the company’s stock valued at $27,403,000 after acquiring an additional 98,508 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Boyd Gaming during the second quarter worth approximately $730,000. Finally, Ariel Investments LLC lifted its holdings in shares of Boyd Gaming by 12.5% in the 2nd 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 in the last quarter. 76.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BYD has been the topic of several recent research reports. Bank of America lifted their target price 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. Truist Financial boosted their price objective on shares of Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their target price on Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays raised their price objective on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Seven equities research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

About Boyd Gaming

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.