Insider Selling: Boyd Gaming Corporation (BYD) VP Sells $186,970.00 in Stock

Boyd Gaming Corporation (NYSE:BYD) VP William R. Boyd sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.71, for a total value of $186,970.00. Following the completion of the transaction, the vice president now owns 1,251 shares in the company, valued at $33,414.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Boyd Gaming Corporation (NYSE:BYD) opened at 26.09 on Friday. The stock has a 50 day moving average of $26.17 and a 200-day moving average of $24.16. The firm has a market capitalization of $2.94 billion, a P/E ratio of 6.89 and a beta of 1.92. Boyd Gaming Corporation has a 52-week low of $16.77 and a 52-week high of $27.00.

Boyd Gaming Corporation (NYSE:BYD) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The business had revenue of $599.87 million during the quarter, compared to the consensus estimate of $602.39 million. Boyd Gaming Corporation had a return on equity of 13.31% and a net margin of 19.15%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. Equities analysts expect that Boyd Gaming Corporation will post $1.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, September 15th. Boyd Gaming Corporation’s payout ratio is 5.25%.

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Several brokerages recently commented on BYD. BidaskClub downgraded Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised Boyd Gaming Corporation from a “sell” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, July 14th. Deutsche Bank AG restated a “buy” rating and issued a $29.00 price objective (down previously from $30.00) on shares of Boyd Gaming Corporation in a report on Sunday, July 30th. Instinet restated a “buy” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Boyd Gaming Corporation in a report on Monday, June 19th. Finally, ValuEngine upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.87.

Institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. raised its position in shares of Boyd Gaming Corporation by 441.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 230,849 shares of the company’s stock valued at $5,771,000 after buying an additional 188,208 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Boyd Gaming Corporation by 15.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 441,350 shares of the company’s stock worth $9,715,000 after purchasing an additional 58,537 shares during the period. DSAM Partners London Ltd purchased a new position in Boyd Gaming Corporation in the 2nd quarter worth $2,059,000. Quantitative Investment Management LLC purchased a new position in Boyd Gaming Corporation in the 1st quarter worth $2,986,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Boyd Gaming Corporation in the 2nd quarter worth $4,385,000. Hedge funds and other 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.

Insider Buying and Selling by Quarter for Boyd Gaming Corporation (NYSE:BYD)

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