Boyd sells Boyd Gaming (BYD) stock worth $1m+

Published 13/08/2025, 18:32
Boyd sells Boyd Gaming (BYD) stock worth $1m+

Director William Boyd sold shares of Boyd Gaming Corp NASDAQ:BYD in two transactions on August 11 and August 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales come as the stock trades near its 52-week high of $87.76, with the current share price at $84.

The sales totaled $1,060,800. On August 11, Boyd sold 3,226 shares at a weighted average price of $81.57, in a range of $81.50 to $81.60. Following this transaction, Boyd directly owns 24,962 shares. On August 12, Boyd sold 9,774 shares at a weighted average price of $81.61, in a range of $81.50 to $81.80. Following this transaction, Boyd directly owns 15,188 shares. According to InvestingPro, the company maintains impressive gross profit margins of 61% and trades at a P/E ratio of 13.

Boyd also indirectly owns 1,680,447 shares by the William R. Boyd Gaming Properties Trust, of which he is the trustee, settlor and beneficiary and 41,552 shares by the Sean W. Johnson Separate Property Trust, dated 5/9/2019, of which he is the trustee. InvestingPro analysis reveals that management has been actively buying back shares, with 8 analysts recently revising their earnings expectations upward. Get the full analysis with InvestingPro’s comprehensive research report, available for over 1,400 US stocks.

In other recent news, Boyd Gaming Corporation reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $1.87, exceeding the projected $1.65 by 13.33%. Additionally, Boyd Gaming’s revenue reached $1.03 billion, outperforming the anticipated $979.42 million. In another significant development, Boyd Gaming completed the sale of its 5% equity interest in FanDuel Group to Flutter Entertainment for $1.758 billion in cash. The casino operator plans to use the proceeds from the sale for debt reduction and to support its growth strategy. These recent developments highlight Boyd Gaming’s focus on maintaining a strong balance sheet and investing in future opportunities.

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