William S. Boyd Sells 76,531 Shares of Boyd Gaming Corporation (BYD) Stock

Boyd Gaming Corporation (NYSE:BYD) insider William S. Boyd sold 76,531 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $25.18, for a total transaction of $1,927,050.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Boyd Gaming Corporation (NYSE BYD) traded down 1.02% during trading on Friday, reaching $26.20. 959,349 shares of the company were exchanged. The stock has a market capitalization of $2.96 billion, a PE ratio of 6.92 and a beta of 1.93. Boyd Gaming Corporation has a one year low of $16.77 and a one year high of $26.87. The stock has a 50-day moving average price of $25.53 and a 200-day moving average price of $23.17.

Boyd Gaming Corporation (NYSE:BYD) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.26 earnings per share (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 revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Analysts forecast that Boyd Gaming Corporation will post $1.10 EPS for the current year.

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Several research firms recently issued reports on BYD. BidaskClub upgraded shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Telsey Advisory Group increased their price target on shares of Boyd Gaming Corporation from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Morgan Stanley lowered shares of Boyd Gaming Corporation from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a research report on Tuesday, June 20th. They noted that the move was a valuation call. Wells Fargo & Company restated a “market perform” rating and issued a $25.00 target price (up previously from $22.00) on shares of Boyd Gaming Corporation in a research report on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of Boyd Gaming Corporation from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, July 14th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.87.

Several hedge funds and other institutional investors have recently modified their holdings of BYD. Quantitative Investment Management LLC acquired a new position in shares of Boyd Gaming Corporation during the first quarter valued at about $2,986,000. Schwab Charles Investment Management Inc. raised its position in shares of Boyd Gaming Corporation by 15.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 441,350 shares of the company’s stock valued at $9,715,000 after buying an additional 58,537 shares during the last quarter. Cullinan Associates Inc. acquired a new position in shares of Boyd Gaming Corporation during the second quarter valued at about $4,838,000. Point72 Asset Management L.P. raised its position in shares of Boyd Gaming Corporation by 1,386.9% in the first quarter. Point72 Asset Management L.P. now owns 1,238,594 shares of the company’s stock valued at $27,261,000 after buying an additional 1,155,294 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Boyd Gaming Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock valued at $740,000 after buying an additional 600 shares during the last quarter. Institutional investors own 71.00% of the company’s stock.

About Boyd Gaming Corporation

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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