Boyd Gaming Co. (NYSE:BYD) VP Brian A. Larson sold 99,077 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $35.71, for a total value of $3,538,039.67. Following the transaction, the vice president now directly owns 104,216 shares of the company’s stock, valued at $3,721,553.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Boyd Gaming Co. (NYSE BYD) opened at $35.40 on Friday. Boyd Gaming Co. has a 12-month low of $19.66 and a 12-month high of $40.44. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.87 and a quick ratio of 0.82. The firm has a market capitalization of $3,980.00, a PE ratio of 38.06 and a beta of 1.92.
Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). Boyd Gaming had a return on equity of 11.47% and a net margin of 7.94%. The business had revenue of $590.83 million during the quarter, compared to the consensus estimate of $595.28 million. During the same period last year, the business posted $0.38 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. research analysts predict that Boyd Gaming Co. will post 1.23 earnings per share for the current year.
Several research analysts recently issued reports on BYD shares. Zacks Investment Research lowered Boyd Gaming from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. SunTrust Banks lowered their target price on Boyd Gaming to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $34.00 target price (down from $35.00) on shares of Boyd Gaming in a research report on Wednesday, February 21st. ValuEngine lowered Boyd Gaming from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group started coverage on Boyd Gaming in a research report on Thursday, January 18th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $35.50.
Several hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Boyd Gaming by 33.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock worth $195,000 after acquiring an additional 1,392 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Boyd Gaming by 4.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 36,320 shares of the company’s stock worth $1,273,000 after acquiring an additional 1,560 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Boyd Gaming by 5.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $1,237,000 after acquiring an additional 1,900 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Boyd Gaming by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 66,690 shares of the company’s stock worth $1,737,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Boyd Gaming by 177.8% in the 4th quarter. Strs Ohio now owns 5,000 shares of the company’s stock worth $175,000 after acquiring an additional 3,200 shares in the last quarter. 73.99% of the stock is owned by hedge funds and other institutional investors.
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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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