William R. Boyd Sells 25,155 Shares of Boyd Gaming Co. (NYSE:BYD) Stock

Boyd Gaming Co. (NYSE:BYD) Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction dated 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 sale, the director now directly owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Boyd Gaming Stock Down 0.9 %

Boyd Gaming stock opened at $68.66 on Friday. The stock has a market capitalization of $6.30 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 9.19 and a beta of 1.57. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $72.22. The business has a 50 day simple moving average of $63.55 and a 200-day simple moving average of $58.64. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79.

Boyd Gaming Dividend Announcement

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

Institutional Trading of Boyd Gaming

Several large investors have recently made changes to their positions in the company. Cetera Trust Company N.A increased its position in shares of Boyd Gaming by 5.4% during the third quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock worth $215,000 after purchasing an additional 170 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Boyd Gaming by 57.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 189 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Boyd Gaming by 2.6% during the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock worth $444,000 after purchasing an additional 205 shares in the last quarter. Covestor Ltd increased its position in shares of Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after purchasing an additional 208 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Boyd Gaming by 4.9% during the first quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock worth $360,000 after purchasing an additional 249 shares in the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley lifted their target price on Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Barclays boosted 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. Bank of America boosted their price target on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. boosted 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. Finally, Stifel Nicolaus boosted their price target on Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company 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.