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.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.28 annualized dividend and a dividend yield of 0.97%. Boyd Gaming’s dividend payout ratio (DPR) is presently 21.05%.

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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