Today it was reported that the President & CEO of Boyd Gaming (BYD), Keith Smith, exercised options to sell 100,000 BYD shares at $8.34 a share, for a total transaction value of $2.94M.
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Based on Boyd Gaming’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $792 million and quarterly net profit of $22.87 million. In comparison, last year the company earned revenue of $591 million and had a net profit of $82.15 million. BYD’s market cap is $3.22B and the company has a P/E ratio of 29.15. Currently, Boyd Gaming has an average volume of 1.08M.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $37.33, reflecting a 28.5% upside.
The insider sentiment on Boyd Gaming has been positive according to 64 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Keith Smith’s trades have generated a -12.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. The Las Vegas Locals segment consists of casinons that serve the resident population of the Las Vegas metropolitan area.
