Boyd Gaming Co. (NYSE:BYD) VP Brian A. Larson sold 32,638 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $28.37, for a total transaction of $925,940.06. Following the completion of the transaction, the vice president now directly owns 36,783 shares in the company, valued at $1,043,533.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BYD stock opened at $29.06 on Thursday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.67 and a current ratio of 0.71. The company’s 50-day simple moving average is $26.17 and its 200 day simple moving average is $25.96. Boyd Gaming Co. has a 52 week low of $18.98 and a 52 week high of $31.80. The company has a market capitalization of $3.20 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.29 and a beta of 2.16.
Boyd Gaming (NYSE:BYD) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Boyd Gaming had a net margin of 4.76% and a return on equity of 15.34%. The business had revenue of $819.57 million for the quarter, compared to the consensus estimate of $829.22 million. During the same period in the prior year, the company posted $0.23 earnings per share. Boyd Gaming’s revenue was up 33.9% compared to the same quarter last year. On average, analysts forecast that Boyd Gaming Co. will post 1.72 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus set a $36.00 price objective on shares of Boyd Gaming and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays assumed coverage on shares of Boyd Gaming in a research report on Tuesday, September 3rd. They issued an “equal weight” rating and a $8.00 price objective on the stock. Deutsche Bank dropped their price objective on shares of Boyd Gaming from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna Bancshares assumed coverage on shares of Boyd Gaming in a research report on Wednesday, July 24th. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Desjardins raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Boyd Gaming presently has a consensus rating of “Hold” and a consensus target price of $30.25.
Several hedge funds have recently added to or reduced their stakes in BYD. Zweig DiMenna Associates LLC bought a new position in shares of Boyd Gaming during the 2nd quarter valued at $5,241,000. Nisa Investment Advisors LLC raised its holdings in shares of Boyd Gaming by 17.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 27,095 shares of the company’s stock valued at $730,000 after purchasing an additional 4,000 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of Boyd Gaming during the 2nd quarter valued at $67,000. Fox Run Management L.L.C. bought a new position in shares of Boyd Gaming during the 2nd quarter valued at $359,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in shares of Boyd Gaming by 30.3% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 43,000 shares of the company’s stock valued at $1,158,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 67.84% of the company’s stock.
About Boyd Gaming
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
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