Boyd Gaming (NYSE:BYD) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Boyd Gaming Corporation (NYSE:BYD)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.63 and traded as high as $86.65. Boyd Gaming shares last traded at $86.0660, with a volume of 496,312 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BYD shares. Zacks Research lowered shares of Boyd Gaming from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating on shares of Boyd Gaming in a research note on Monday, September 8th. JPMorgan Chase & Co. raised their price target on Boyd Gaming from $87.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Boyd Gaming in a research note on Monday, December 15th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boyd Gaming in a research note on Wednesday, December 24th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Hold” and an average target price of $91.08.

Boyd Gaming Trading Down 0.6%

The company has a market capitalization of $6.72 billion, a P/E ratio of 3.76, a PEG ratio of 2.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49. The business’s 50-day moving average price is $81.95 and its two-hundred day moving average price is $82.63.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 EPS for the quarter. The business had revenue of $707.32 million during the quarter. Boyd Gaming had a net margin of 46.02% and a return on equity of 34.63%. As a group, analysts forecast that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.15%.

Insider Buying and Selling at Boyd Gaming

In related news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $80.36, for a total value of $1,607,200.00. Following the completion of the transaction, the director directly owned 1,960,447 shares in the company, valued at approximately $157,541,520.92. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in shares of Boyd Gaming by 24.5% in the second quarter. Parallel Advisors LLC now owns 685 shares of the company’s stock valued at $54,000 after buying an additional 135 shares during the period. Alps Advisors Inc. lifted its position in Boyd Gaming by 2.7% in the 3rd quarter. Alps Advisors Inc. now owns 5,384 shares of the company’s stock valued at $465,000 after acquiring an additional 141 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Boyd Gaming by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,434 shares of the company’s stock valued at $371,000 after acquiring an additional 170 shares in the last quarter. GAMMA Investing LLC boosted its stake in Boyd Gaming by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 960 shares of the company’s stock worth $75,000 after purchasing an additional 187 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Boyd Gaming by 56.8% during the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.