In yesterday’s Wall Street session, Boyd Gaming Corp. (NYSE:BYD) shares traded at $53.18, down -15.44% from the previous session.
BYD stock price is now -17.12% away from the 50-day moving average and -15.85% away from the 200-day moving average. The market capitalization of the company currently stands at $5.11B.
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With the price target reduced from $80 to $67, JP Morgan Downgraded its rating from Overweight to Neutral for Boyd Gaming Corp. (NYSE: BYD). On April 26, 2024, Deutsche Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $78 to quote $71, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, BOYD WILLIAM S, 10% Owner sold 32,703 shares of the company’s stock on Mar 14 ’24. The stock was sold for $2,030,856 at an average price of $62.10. Upon completion of the transaction, the 10% Owner now directly owns 8,762,746 shares in the company, valued at $466.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, 10% Owner BOYD WILLIAM S sold 63,464 shares of the business’s stock. A total of $4,005,848 was realized by selling the stock at an average price of $63.12. This leaves the insider owning 8,795,449 shares of the company worth $467.74 million. A total of 22.87% of the company’s stock is owned by insiders.
During the past 12 months, Boyd Gaming Corp. has had a low of $52.42 and a high of $73.00. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 0.89, and a quick ratio of 0.85.
The net profit margin was 14.91% and return on equity was 37.19% for BYD. The company reported revenue of $954.41 million for the quarter, compared to $922.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.41 percent.
