Insider Selling: Boyd Gaming Co. (NYSE:BYD) CEO Sells $2,153,100.00 in Stock

Boyd Gaming Co. (NYSE:BYD) CEO Keith Smith sold 30,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,131,202 shares in the company, valued at approximately $81,186,367.54. This represents a 2.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $2,939,600.00.

Boyd Gaming Trading Up 1.1 %

Shares of BYD opened at $72.33 on Friday. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $74.78. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 9.38 and a beta of 1.55. The firm’s 50-day moving average price is $67.18 and its 200-day moving average price is $60.04. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America lifted their price objective on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Mizuho reiterated an “outperform” rating and issued a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their target price 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. Finally, Wells Fargo & Company increased 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. Seven investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Boyd Gaming in the 2nd quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC raised its holdings in Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 189 shares in the last quarter. Covestor Ltd lifted its position in Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after buying an additional 208 shares during the period. Blue Trust Inc. boosted 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 valued at $43,000 after buying an additional 288 shares in the last quarter. Finally, Quarry LP grew its position in shares of Boyd Gaming by 150.1% in the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock worth $56,000 after buying an additional 524 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

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.