Boyd Gaming Co. (NYSE:BYD) Insider Marianne Boyd Johnson Sells 64,690 Shares


Boyd Gaming Co. (NYSE: BYDGet a rating) insider Marianne Boyd Johnson sold 64,690 shares of the company in a transaction that took place on Wednesday, May 25. The stock was sold at an average price of $54.95, for a total transaction of $3,554,715.50. Following the transaction, the insider now directly owns 77,623 shares of the company, valued at $4,265,383.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website.

Action Boyd Gaming traded down $0.19 during Friday’s midday session, hitting $59.33. The company had a trading volume of 910,299 shares, compared to an average volume of 1,166,899. Boyd Gaming Co. has a fifty-two week low of $50.38 and a fifty-two week high of 72, $72. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt ratio of 1.93. The company has a market capitalization of $6.50 billion, a P/E ratio of 12.84 and a beta of 1.90. The company has a fifty-day simple moving average of $61.47 and a 200-day simple moving average of $62.71.

Boyd Gaming (NYSE: BYDGet a rating) last released its quarterly results on Tuesday, April 26. The company reported earnings per share (EPS) of $1.40 for the quarter, beating the consensus estimate of $1.24 by $0.16. The company posted revenue of $860.74 million in the quarter, versus a consensus estimate of $836.15 million. Boyd Gaming had a net margin of 15.09% and a return on equity of 42.72%. In the same quarter last year, the company earned $0.93 per share. Research analysts expect Boyd Gaming Co. to post EPS of 5.47 for the current year.

The company also recently declared a variable dividend, which was paid on Wednesday, April 27. Shareholders of record on Thursday, March 31 received a dividend of $0.144 per share. The ex-dividend date was Wednesday, March 30. Boyd Gaming’s current payout rate is 6.28%.

Hedge funds have recently increased or reduced their stakes in the company. Whittier Trust Co. bought a new position in shares of Boyd Gaming during the first quarter worth $27,000. Prospera Financial Services Inc bought a new position in shares of Boyd Gaming during the first quarter worth $33,000. Byrne Asset Management LLC bought a new position in shares of Boyd Gaming during the fourth quarter worth $34,000. Global Wealth Management Investment Advisory Inc. bought a new position in shares of Boyd Gaming during the third quarter worth $40,000. Finally, Quent Capital LLC bought a new position in Boyd Gaming during the fourth quarter worth $45,000. 70.27% of the shares are held by hedge funds and other institutional investors.

Several analysts have recently released reports on BYD shares. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong buy” rating in a Friday, April 29 research report. Berenberg Bank began covering Boyd Gaming shares in a research report on Thursday, May 12. They have set a “buy” rating and a price target of $78.00 on the stock. Susquehanna raised its price target on shares of Boyd Gaming from $74.00 to $79.00 in a Wednesday, April 27 research report. Morgan Stanley downgraded shares of Boyd Gaming from an “overweight” rating to an “equal weight” rating and lowered its price target for the stock from $82.00 to $76.00 in a research report from the Monday, April 25. Finally, Susquehanna Bancshares upgraded shares of Boyd Gaming from a “neutral” rating to a “positive” rating and raised its price target for the stock from $73.00 to $74.00 in a report of search of Tuesday, April 26. One analyst rated the stock with a hold rating, seven gave a buy rating and two gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, Boyd Gaming has an average rating of “Buy” and a consensus price target of $81.75.

Boyd Gaming Company Profile (Get a rating)

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.

See also

Insider buying and selling by quarter for Boyd Gaming (NYSE:BYD)



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