Boyd Gaming Corporation (BYD) VP William R. Boyd Sells 7,000 Shares
Boyd Gaming Corporation (NYSE:BYD) VP William R. Boyd sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.71, for a total transaction of $186,970.00. Following the sale, the vice president now directly owns 1,251 shares of the company’s stock, valued at $33,414.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Boyd Gaming Corporation (BYD) traded down 0.64% during mid-day trading on Thursday, hitting $26.20. The company had a trading volume of 1,022,545 shares. Boyd Gaming Corporation has a 52-week low of $16.77 and a 52-week high of $27.00. The company has a 50-day moving average price of $26.16 and a 200 day moving average price of $24.12. The company has a market capitalization of $2.96 billion, a P/E ratio of 6.92 and a beta of 1.92.
Boyd Gaming Corporation (NYSE:BYD) last announced its earnings results on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The firm had revenue of $599.87 million for the quarter, compared to analysts’ expectations of $602.39 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. On average, analysts forecast that Boyd Gaming Corporation will post $1.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, September 15th. Boyd Gaming Corporation’s dividend payout ratio (DPR) is 5.25%.
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A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. BidaskClub raised shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Barclays PLC boosted their target price on shares of Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $29.00 target price (down from $30.00) on shares of Boyd Gaming Corporation in a research note on Sunday, July 30th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.87.
Institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new position in Boyd Gaming Corporation during the 2nd quarter valued at about $154,000. Ameritas Investment Partners Inc. purchased a new position in Boyd Gaming Corporation during the 1st quarter valued at about $157,000. Oppenheimer Asset Management Inc. purchased a new position in Boyd Gaming Corporation during the 1st quarter valued at about $161,000. Victory Capital Management Inc. purchased a new position in Boyd Gaming Corporation during the 1st quarter valued at about $175,000. Finally, Zacks Investment Management purchased a new position in Boyd Gaming Corporation during the 2nd quarter valued at about $202,000. Institutional investors own 74.66% of the company’s stock.
Boyd Gaming Corporation Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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