Boyd Gaming Co. (NYSE:BYD) Insider Sells $835,596.30 in Stock

Boyd Gaming Co. (NYSE:BYD) insider Stephen S. Thompson sold 24,906 shares of Boyd Gaming stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $33.55, for a total value of $835,596.30. Following the transaction, the insider now owns 53,354 shares in the company, valued at approximately $1,790,026.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BYD stock opened at $32.00 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 2.77. The company has a market cap of $3,600.26, a P/E ratio of 31.37 and a beta of 1.87. Boyd Gaming Co. has a 1-year low of $21.36 and a 1-year high of $40.44.

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Boyd Gaming (NYSE:BYD) last posted its earnings results on Tuesday, February 20th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). The business had revenue of $590.83 million for the quarter, compared to analyst estimates of $595.28 million. Boyd Gaming had a return on equity of 11.47% and a net margin of 7.94%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. equities analysts forecast that Boyd Gaming Co. will post 1.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 16th will be issued 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 is currently 19.42%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio grew its holdings in Boyd Gaming by 177.8% in the 4th quarter. Strs Ohio now owns 5,000 shares of the company’s stock valued at $175,000 after buying an additional 3,200 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Boyd Gaming during the 4th quarter valued at $183,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Boyd Gaming by 33.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock valued at $195,000 after acquiring an additional 1,392 shares during the period. Creative Planning bought a new stake in shares of Boyd Gaming during the 4th quarter valued at $206,000. Finally, Miles Capital Inc. bought a new stake in shares of Boyd Gaming during the 4th quarter worth $213,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Boyd Gaming from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Telsey Advisory Group assumed coverage on Boyd Gaming in a research note on Tuesday, March 13th. They issued a “market perform” rating and a $36.00 target price on the stock. ValuEngine upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays restated an “equal weight” rating and issued a $33.00 target price (down previously from $35.00) on shares of Boyd Gaming in a research note on Wednesday, February 21st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $34.00 target price (down previously from $35.00) on shares of Boyd Gaming in a research note on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.81.

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About Boyd Gaming

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.

Insider Buying and Selling by Quarter for Boyd Gaming (NYSE:BYD)

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