Boyd Gaming Co. (NYSE:BYD) Director Robert L. Boughner sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $33.81, for a total value of $1,014,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of BYD traded down $1.12 during trading hours on Friday, reaching $32.00. 1,085,360 shares of the company traded hands, compared to its average volume of 1,512,669. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 2.77. Boyd Gaming Co. has a fifty-two week low of $21.36 and a fifty-two week high of $40.44. The firm has a market cap of $3,726.26, a P/E ratio of 31.07 and a beta of 1.87.
Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Boyd Gaming had a return on equity of 11.47% and a net margin of 7.94%. The business had revenue of $590.83 million during the quarter, compared to analyst estimates of $595.28 million. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. equities analysts expect that Boyd Gaming Co. will post 1.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.63%. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 15th. Boyd Gaming’s dividend payout ratio (DPR) is presently 19.42%.
A number of large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Boyd Gaming by 33.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock worth $195,000 after buying an additional 1,392 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Boyd Gaming by 4.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 36,320 shares of the company’s stock worth $1,273,000 after buying an additional 1,560 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Boyd Gaming by 5.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $1,237,000 after buying an additional 1,900 shares during the last quarter. California Public Employees Retirement System boosted its stake in Boyd Gaming by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 66,690 shares of the company’s stock worth $1,737,000 after buying an additional 2,390 shares during the last quarter. Finally, Strs Ohio boosted its stake in Boyd Gaming by 177.8% in the 4th quarter. Strs Ohio now owns 5,000 shares of the company’s stock worth $175,000 after buying an additional 3,200 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
BYD has been the subject of several analyst reports. Zacks Investment Research cut Boyd Gaming from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Stifel Nicolaus restated a “hold” rating on shares of Boyd Gaming in a research report on Thursday, December 21st. Nomura raised their price target on Boyd Gaming to $42.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Barclays restated an “equal weight” rating and issued a $33.00 price target (down previously from $35.00) on shares of Boyd Gaming in a research report on Wednesday, February 21st. Finally, ValuEngine upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Boyd Gaming currently has a consensus rating of “Buy” and an average price target of $35.81.
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Boyd Gaming Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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