Keith Smith Sells 30,000 Shares of Boyd Gaming Co. (NYSE:BYD) Stock

Boyd Gaming Co. (NYSE:BYD) CEO Keith Smith sold 30,000 shares of Boyd Gaming stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,101,202 shares in the company, valued at approximately $79,451,724.30. This trade represents a 2.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $73.49, for a total value of $2,939,600.00.

Boyd Gaming Trading Up 0.9 %

Shares of BYD traded up $0.65 during midday trading on Monday, hitting $72.98. The stock had a trading volume of 811,200 shares, compared to its average volume of 921,402. The business has a 50-day simple moving average of $67.18 and a two-hundred day simple moving average of $60.09. The firm has a market cap of $6.45 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 9.49 and a beta of 1.55. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $74.78.

Hedge Funds Weigh In On Boyd Gaming

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ariel Investments LLC grew its holdings in shares of Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after buying an additional 335,984 shares in the last quarter. Boston Partners boosted its position in Boyd Gaming by 10.0% during the 1st 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 during the period. State Street Corp grew its stake in Boyd Gaming by 0.8% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased its holdings 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 during the period. Finally, American Century Companies Inc. lifted its position in shares of Boyd Gaming by 19.7% in the second 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 in the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analyst Ratings Changes

BYD has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America raised their price objective on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Truist Financial upped their target price on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho reaffirmed an “outperform” rating and set a $79.00 price target (up from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Finally, StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.