Recent Analysts’ Ratings Updates for Wynn Resorts (WYNN)

Several analysts have recently updated their ratings and price targets for Wynn Resorts (NASDAQ: WYNN):

• 10/22/2024 – Wynn Resorts had its price target raised by analysts at Morgan Stanley from $112.00 to $115.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Wynn Resorts had its price target raised by analysts at Wells Fargo & Company from $115.00 to $125.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Wynn Resorts had its price target raised by analysts at Barclays PLC from $108.00 to $125.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – Wynn Resorts had its price target raised by analysts at Susquehanna from $92.00 to $122.00. They now have a “positive” rating on the stock.
• 10/11/2024 – Wynn Resorts had its price target raised by analysts at Morgan Stanley from $104.00 to $112.00. They now have an “overweight” rating on the stock.
• 9/27/2024 – Wynn Resorts was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $104.00 price target on the stock, up previously from $97.00.
• 9/17/2024 – Wynn Resorts was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/13/2024 – Wynn Resorts had its price target lowered by analysts at Stifel Nicolaus from $121.00 to $103.00. They now have a “buy” rating on the stock.
• 9/4/2024 – Wynn Resorts had its price target lowered by analysts at Morgan Stanley from $107.00 to $97.00. They now have an “equal weight” rating on the stock.
• 9/4/2024 – Wynn Resorts was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Wynn Resorts Stock Down 1.7 %

Shares of Wynn Resorts stock opened at $97.68 on Thursday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 2.57 and a beta of 1.81. The company’s fifty day moving average is $86.41 and its 200 day moving average is $89.02.

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

Wynn Resorts Announces Dividend

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

Insiders Place Their Bets

In related news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction 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 transaction, the director now owns 5,689 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WYNN. Empirical Finance LLC grew its position in Wynn Resorts by 3.7% during the first quarter. Empirical Finance LLC now owns 3,220 shares of the casino operator’s stock valued at $329,000 after buying an additional 114 shares during the period. EntryPoint Capital LLC boosted its position in shares of Wynn Resorts by 7.2% during the first quarter. EntryPoint Capital LLC now owns 1,738 shares of the casino operator’s stock worth $178,000 after acquiring an additional 117 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Wynn Resorts by 8.5% during the second quarter. Fifth Third Bancorp now owns 1,536 shares of the casino operator’s stock worth $137,000 after acquiring an additional 120 shares during the last quarter. Allworth Financial LP raised its stake in Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after purchasing an additional 133 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Wynn Resorts by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock valued at $496,000 after purchasing an additional 149 shares in the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

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.