Insider Selling: Boyd Gaming Co. (NYSE:BYD) CEO Sells $2,164,500.00 in 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 $79,451,724.30. The trade was a 2.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 Stock Performance

BYD stock opened at $73.10 on Thursday. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $74.78. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The firm has a market cap of $6.46 billion, a PE ratio of 13.95, a P/E/G ratio of 9.58 and a beta of 1.55. The business’s 50-day moving average price is $67.62 and its two-hundred day moving average price is $60.36.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BYD shares. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Bank of America boosted their target price on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Wells Fargo & Company raised their price target on Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Barclays boosted their price objective on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.38.

Institutional Trading of Boyd Gaming

Several hedge funds have recently bought and sold shares of the stock. Ariel Investments LLC boosted its holdings in shares of Boyd Gaming by 12.5% in 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 during the period. Boston Partners boosted its stake in Boyd Gaming by 10.0% in the 1st quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after purchasing an additional 274,876 shares during the period. State Street Corp increased its holdings in Boyd Gaming by 0.8% during the 3rd quarter. State Street Corp now owns 2,108,672 shares of the company’s stock worth $136,680,000 after purchasing an additional 17,591 shares in the last quarter. Geode Capital Management LLC raised its stake 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 holdings 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 valued at $63,349,000 after purchasing an additional 189,226 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

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.