Stephen Thompson Sells 19,530 Shares of Boyd Gaming (NYSE:BYD) Stock

Boyd Gaming Corporation (NYSE:BYD) insider Stephen Thompson sold 19,530 shares of Boyd Gaming stock in a transaction on Friday, February 27th. The stock was sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the sale, the insider owned 22,009 shares in the company, valued at $1,839,732.31. This represents a 47.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Boyd Gaming Price Performance

Shares of Boyd Gaming stock traded down $0.70 during midday trading on Monday, hitting $82.53. 1,011,507 shares of the company were exchanged, compared to its average volume of 985,192. The firm has a 50 day simple moving average of $85.23 and a 200-day simple moving average of $83.86. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.54 and a quick ratio of 0.52. The firm has a market cap of $6.23 billion, a P/E ratio of 3.63, a PEG ratio of 1.75 and a beta of 1.20. Boyd Gaming Corporation has a 52 week low of $58.94 and a 52 week high of $89.96.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.33. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Research analysts forecast that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

Boyd Gaming Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be given a dividend of $0.20 per share. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, March 16th. This represents a $0.80 annualized dividend and a yield of 1.0%. Boyd Gaming’s dividend payout ratio is currently 3.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in shares of Boyd Gaming during the fourth quarter worth $25,000. Los Angeles Capital Management LLC acquired a new stake in Boyd Gaming in the 4th quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Boyd Gaming by 219.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock worth $29,000 after acquiring an additional 255 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Boyd Gaming by 56.8% during the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 196 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Boyd Gaming in the second quarter valued at approximately $39,000. Institutional investors own 76.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BYD shares. Mizuho set a $100.00 price target on shares of Boyd Gaming in a research note on Monday, February 2nd. UBS Group set a $110.00 price objective on Boyd Gaming in a research report on Wednesday, December 24th. Morgan Stanley set a $86.00 target price on Boyd Gaming in a research note on Wednesday, February 11th. Stifel Nicolaus upped their price target on Boyd Gaming from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Truist Financial set a $110.00 price target on Boyd Gaming in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.58.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.