Analysts Set Wynn Resorts, Limited (NASDAQ:WYNN) PT at $116.21

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $116.21.

Several equities research analysts have recently commented on WYNN shares. Jefferies Financial Group lowered their price target on shares of Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Susquehanna lifted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, UBS Group raised Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Wynn Resorts

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Wynn Resorts during the 2nd quarter valued at about $25,000. Register Financial Advisors LLC acquired a new stake in shares of Wynn Resorts during the first quarter worth about $37,000. Blue Trust Inc. boosted its position in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the last quarter. Versant Capital Management Inc acquired a new position in Wynn Resorts in the 2nd quarter worth approximately $51,000. Finally, Covestor Ltd raised its position in Wynn Resorts by 421.7% during the 1st quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock worth $64,000 after buying an additional 506 shares during the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Up 0.1 %

Shares of NASDAQ WYNN opened at $97.99 on Wednesday. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a market cap of $10.98 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.81. The business has a fifty day simple moving average of $87.75 and a two-hundred day simple moving average of $89.08.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts expect that Wynn Resorts will post 5.42 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, August 19th. Wynn Resorts’s dividend payout ratio is presently 13.70%.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.