Brian A. Larson Sells 32,638 Shares of Boyd Gaming Co. (NYSE:BYD) Stock

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.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.28 annualized dividend and a dividend yield of 0.96%. Boyd Gaming’s dividend payout ratio (DPR) is presently 21.05%.

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.

Featured Story: How does a dividend reinvestment plan work?

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.