Boyd Gaming Co. (NYSE:BYD) VP William R. Boyd sold 7,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $34.73, for a total transaction of $243,110.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Boyd Gaming Co. (BYD) traded up $0.49 on Wednesday, reaching $33.86. 1,760,000 shares of the company’s stock traded hands, compared to its average volume of 2,230,000. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $3,810.00, a P/E ratio of 36.41 and a beta of 1.92. Boyd Gaming Co. has a fifty-two week low of $19.66 and a fifty-two week high of $40.44.
Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). The company had revenue of $590.83 million for the quarter, compared to analysts’ expectations of $595.28 million. Boyd Gaming had a net margin of 7.94% and a return on equity of 11.47%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. sell-side analysts expect that Boyd Gaming Co. will post 1.23 earnings per share for the current fiscal year.
A number of analysts recently issued reports on BYD shares. Zacks Investment Research downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. SunTrust Banks lowered their price target on shares of Boyd Gaming to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Morgan Stanley reissued an “equal weight” rating and set a $34.00 price target (down from $35.00) on shares of Boyd Gaming in a report on Wednesday, February 21st. ValuEngine downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group started coverage on shares of Boyd Gaming in a report on Thursday, January 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $35.81.
Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio raised its position in shares of Boyd Gaming by 177.8% in the fourth quarter. Strs Ohio now owns 5,000 shares of the company’s stock valued at $175,000 after buying an additional 3,200 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Boyd Gaming in the fourth quarter valued at about $183,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Boyd Gaming by 33.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock valued at $195,000 after buying an additional 1,392 shares during the last quarter. Creative Planning acquired a new stake in shares of Boyd Gaming in the fourth quarter valued at about $206,000. Finally, Miles Capital Inc. acquired a new stake in shares of Boyd Gaming in the fourth quarter valued at about $213,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.
Boyd Gaming 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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