Brian A. Larson Sells 32,638 Shares of Boyd Gaming Co. (NYSE:BYD) Stock
Boyd Gaming Co. (NYSE:BYD) VP Brian A. Larson sold 32,638 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.37, for a total value of $925,940.06. Following the transaction, the vice president now owns 36,783 shares of the company’s stock, valued at $1,043,533.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE:BYD opened at $28.90 on Wednesday. Boyd Gaming Co. has a 1-year low of $18.98 and a 1-year high of $31.80. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.71 and a quick ratio of 0.67. The business has a fifty day moving average price of $26.11 and a 200-day moving average price of $25.97. The company has a market capitalization of $3.18 billion, a PE ratio of 21.73, a PEG ratio of 1.29 and a beta of 2.16.
Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Boyd Gaming had a return on equity of 15.34% and a net margin of 4.76%. The company had revenue of $819.57 million for the quarter, compared to analysts’ expectations of $829.22 million. During the same period last year, the firm posted $0.23 earnings per share. Boyd Gaming’s revenue was up 33.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Boyd Gaming Co. will post 1.72 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in BYD. Resources Investment Advisors LLC. purchased a new stake in shares of Boyd Gaming during the second quarter valued at $48,000. NEXT Financial Group Inc purchased a new stake in shares of Boyd Gaming during the second quarter valued at $67,000. Public Employees Retirement System of Ohio boosted its position in shares of Boyd Gaming by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 3,613 shares of the company’s stock valued at $97,000 after buying an additional 564 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Boyd Gaming by 27.8% during the second quarter. Advisor Group Inc. now owns 4,532 shares of the company’s stock valued at $122,000 after buying an additional 986 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Boyd Gaming during the third quarter valued at $235,000. 67.84% of the stock is currently owned by institutional investors.
BYD has been the subject of several analyst reports. Telsey Advisory Group upgraded Boyd Gaming from a “market perform” rating to an “outperform” rating and raised their price target for the company from $31.00 to $36.00 in a report on Wednesday, July 31st. ValuEngine downgraded Boyd Gaming from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Zacks Investment Research downgraded Boyd Gaming from a “hold” rating to a “sell” rating and set a $28.00 price target for the company. in a report on Friday, October 18th. Barclays initiated coverage on Boyd Gaming in a report on Tuesday, September 3rd. They set an “equal weight” rating and a $8.00 price target for the company. Finally, Stifel Nicolaus set a $36.00 price target on Boyd Gaming and gave the company a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.25.
About Boyd Gaming
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 March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
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