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 Boyd Gaming stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $71.77, for a total transaction of $2,153,100.00. Following the sale, the chief executive officer now directly owns 1,131,202 shares in the company, valued at approximately $81,186,367.54. The trade was a 2.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Stock Down 0.3 %

Shares of NYSE BYD traded down $0.24 during mid-day trading on Thursday, reaching $71.52. The company had a trading volume of 792,691 shares, compared to its average volume of 921,601. The firm has a 50 day simple moving average of $66.73 and a two-hundred day simple moving average of $59.80. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $74.78. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. 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.

Institutional Trading of Boyd Gaming

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Trust Company N.A boosted its position in shares of Boyd Gaming by 5.4% in the 3rd quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock valued at $215,000 after purchasing an additional 170 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 189 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Boyd Gaming by 2.6% in the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock valued at $444,000 after acquiring an additional 205 shares during the period. Covestor Ltd grew its position in shares of Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after acquiring an additional 208 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Boyd Gaming by 0.9% in the 3rd quarter. KBC Group NV now owns 25,407 shares of the company’s stock valued at $1,643,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Bank of America increased their target price on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Truist Financial raised their target price on Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Boyd Gaming Company Profile

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.