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

Boyd Gaming Co. (NYSE:BYD) CEO Keith Smith sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $71.77, for a total value of $2,153,100.00. Following the completion of the transaction, the chief executive officer now owns 1,131,202 shares in the company, valued at $81,186,367.54. This trade represents a 2.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Boyd Gaming Price Performance

Shares of NYSE:BYD traded down $0.24 during midday trading on Thursday, hitting $71.52. 792,691 shares of the stock were exchanged, compared to its average volume of 921,601. The stock has a market cap of $6.32 billion, a P/E ratio of 13.69, a PEG ratio of 9.33 and a beta of 1.55. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $74.78. The company has a 50 day moving average price of $66.73 and a 200-day moving average price of $59.80. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

Hedge Funds Weigh In On Boyd Gaming

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank increased its position in Boyd Gaming by 103.1% during the 1st quarter. Comerica Bank now owns 42,898 shares of the company’s stock worth $2,888,000 after purchasing an additional 21,772 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Boyd Gaming by 24.7% during the 2nd quarter. Sei Investments Co. now owns 497,331 shares of the company’s stock worth $27,403,000 after purchasing an additional 98,508 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Boyd Gaming by 11,891.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company’s stock worth $4,016,000 after buying an additional 61,599 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Boyd Gaming in the second quarter valued at approximately $730,000. Finally, Ariel Investments LLC lifted its stake in shares of Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after buying an additional 335,984 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Barclays increased their target price on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price target on Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.