Boyd Gaming Corp. (NYSE: BYD) is -8.02% lower on its value in year-to-date trading and has touched a low of $49.34 and a high of $68.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BYD stock was last observed hovering at around $56.30 in the last trading session, with the day’s gains setting it 1.29%.
Currently trading at $57.59, the stock is -0.33% and 3.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 2.29% at the moment leaves the stock -3.36% off its SMA200. BYD registered -13.66% loss for a year compared to 6-month loss of -11.09%.
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The stock witnessed a -2.16% gain in the last 1 month and extending the period to 3 months gives it a 3.95%, and is 1.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 2.61% over the month.
Boyd Gaming Corp. (BYD) has around 16129 employees, a market worth around $5.28B and $3.79B in sales. Current P/E ratio is 11.19 and Fwd P/E is 8.70. Profit margin for the company is 13.32%. Distance from 52-week low is 16.72% and -15.88% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).
Boyd Gaming Corp. quarterly earnings per share for the current quarter are estimated at 1.36 with sales reaching $910.71M over the same period.The EPS is expected to shrink by -3.25% this year, but quarterly earnings will post 1.60% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.
423.0 institutions hold shares in Boyd Gaming Corp. (BYD), with institutional investors hold 99.39% of the company’s shares. The shares outstanding are 98.83M, and float is at 70.37M with Short Float at 4.64%. Institutions hold 70.10% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.29 million shares valued at $$625.15 million. The investor’s holdings represent 9.5308 of the BYD Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 6.99 million shares valued at $$470.77 million to account for 7.1772 of the shares outstanding. The other top investors are COHEN & STEERS, INC. which holds 5.14 million shares representing 5.2747 and valued at over $$345.92 million, while BOSTON PARTNERS holds 3.1109 of the shares totaling 3.03 million with a market value of $$203.28 million.
Boyd Gaming Corp. (BYD) Insider Activity
The most recent transaction is an insider sale by SPADAFOR CHRISTINE J., the company’s Director. SEC filings show that SPADAFOR CHRISTINE J. sold 1,874 shares of the company’s common stock on May 22 ’24 at a price of $53.38 per share for a total of $0.1 million. Following the sale, the insider now owns 2338.0 shares.
Boyd Gaming Corp. disclosed in a document filed with the SEC on Mar 13 ’24 that BOYD WILLIAM S (10% Owner) sold a total of 63,464 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $63.12 per share for $4.01 million. Following the transaction, the insider now directly holds 8.8 million shares of the BYD stock.
Still, SEC filings show that on Mar 14 ’24, BOYD WILLIAM S (10% Owner) disposed off 32,703 shares at an average price of $62.10 for $2.03 million. The insider now directly holds 8,762,746 shares of Boyd Gaming Corp. (BYD).
