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 that occurred on Tuesday, November 19th. The stock was 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 of the company’s stock, valued at $81,186,367.54. The trade was a 2.58 % decrease in their position. The transaction was disclosed in a document filed 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 value of $2,939,600.00.

Boyd Gaming Trading Up 1.1 %

NYSE:BYD opened at $72.33 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $74.78. The stock has a market cap of $6.39 billion, a P/E ratio of 13.80, a P/E/G ratio of 9.33 and a beta of 1.55. The stock has a 50-day simple moving average of $67.18 and a 200-day simple moving average of $60.00.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BYD shares. Barclays boosted their price objective on Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price target on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial lifted their price objective on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Macquarie decreased their price target on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boyd Gaming currently has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Hedge Funds Weigh In On Boyd Gaming

Several hedge funds have recently added to or reduced their stakes in BYD. Allspring Global Investments Holdings LLC grew its position in shares of Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 189 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Boyd Gaming during the first quarter worth about $90,000. Lazard Asset Management LLC increased its position in shares of Boyd Gaming by 4.9% during the first quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock worth $360,000 after purchasing an additional 249 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Boyd Gaming by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company’s stock valued at $67,485,000 after purchasing an additional 3,087 shares during the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of Boyd Gaming in the 1st quarter valued at about $256,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

About Boyd Gaming

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.