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 dated Friday, November 22nd. The shares were sold at an average price of $72.15, for a total value of $2,164,500.00. Following the completion of the transaction, the chief executive officer now owns 1,101,202 shares of the company’s stock, valued at approximately $79,451,724.30. This represents a 2.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 19th, Keith Smith sold 30,000 shares of Boyd Gaming stock. The shares were sold at an average price of $71.77, for a total value of $2,153,100.00.
• On Wednesday, November 13th, Keith Smith sold 40,000 shares of Boyd Gaming stock. The stock was sold at an average price of $73.49, for a total value of $2,939,600.00.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $72.98 on Tuesday. 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 $6.45 billion, a P/E ratio of 13.93, a PEG ratio of 9.49 and a beta of 1.55. The company has a 50-day moving average price of $67.41 and a 200 day moving average price of $60.22. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $74.78.

Institutional Trading of Boyd Gaming

A number of hedge funds and other institutional investors have recently made changes to their positions in BYD. Altshuler Shaham Ltd purchased a new position in Boyd Gaming in the second quarter worth approximately $29,000. Covestor Ltd lifted its stake in shares of Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after purchasing an additional 208 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Boyd Gaming by 58.2% during the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after purchasing an additional 288 shares during the period. Quarry LP increased its position in shares of Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock worth $56,000 after purchasing an additional 524 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Boyd Gaming by 921.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock valued at $57,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Mizuho reissued an “outperform” rating and set a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Barclays raised their price target on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their price objective on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.