Boyd Gaming Co. (NYSE:BYD) CEO Sells $2,164,500.00 in Stock

Boyd Gaming Co. (NYSE:BYD) CEO Keith Smith sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $72.15, for a total value of $2,164,500.00. Following the sale, the chief executive officer now directly owns 1,101,202 shares of the company’s stock, valued at $79,451,724.30. This trade represents a 2.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, November 19th, Keith Smith sold 30,000 shares of Boyd Gaming stock. The stock was sold at an average price of $71.77, for a total transaction of $2,153,100.00.
• 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 Boyd Gaming stock traded up $0.65 during trading on Monday, hitting $72.98. 811,200 shares of the company’s stock traded hands, compared to its average volume of 921,402. The company has a market cap of $6.45 billion, a PE ratio of 14.15, a PEG ratio of 9.49 and a beta of 1.55. The firm’s fifty day moving average price is $67.18 and its 200 day moving average price is $60.09. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $74.78. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Mizuho reiterated an “outperform” rating and issued a $79.00 price objective (up from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Truist Financial boosted their price objective on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ariel Investments LLC lifted its position in shares of Boyd Gaming by 12.5% during the 2nd quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock worth $167,046,000 after buying an additional 335,984 shares during the period. Boston Partners raised its stake in Boyd Gaming by 10.0% during the first quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after acquiring an additional 274,876 shares in the last quarter. State Street Corp lifted its holdings in shares of Boyd Gaming by 0.8% during the third quarter. State Street Corp now owns 2,108,672 shares of the company’s stock valued at $136,680,000 after acquiring an additional 17,591 shares during the period. Geode Capital Management LLC boosted its stake in shares of Boyd Gaming by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,153,768 shares of the company’s stock valued at $74,611,000 after purchasing an additional 33,379 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Boyd Gaming by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock worth $63,349,000 after purchasing an additional 189,226 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

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.