The EVP, CFO & Treas of Boyd Gaming (BYD) is Buying Shares


Today, the EVP, CFO & Treas of Boyd Gaming (BYD), Josh Hirsberg, bought shares of BYD for $151K.

This recent transaction increases Josh Hirsberg’s holding in the company by 6.2% to a total of $8.2 million. In addition to Josh Hirsberg, 2 other BYD executives reported Buy trades in the last month.

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Based on Boyd Gaming’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $612 million and quarterly net profit of $11.84 million. In comparison, last year the company earned revenue of $588 million and had a net profit of $22.98 million. BYD’s market cap is $2.69B and the company has a P/E ratio of 15.86. Currently, Boyd Gaming has an average volume of 1.38M.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.13, reflecting a 55.2% upside. Five different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $2.42M worth of BYD shares and purchased $689.2K worth of BYD shares.

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Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following business segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. The Las Vegas Locals segment consists of casinons that serve the resident population of the Las Vegas metropolitan area.

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