Wynn Resorts, Limited (NASDAQ:WYNN) Receives Average Rating of "Moderate Buy" from Analysts

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $115.71.

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of Wynn Resorts to a "hold" rating in a research report on Friday, August 23rd. Macquarie reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th.

Insider Activity

In other news, Director Patricia Mulroy sold 2,650 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the transaction, the director now owns 5,689 shares of the company's stock, valued at approximately $447,894.97. The trade was a 31.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of WYNN. International Assets Investment Management LLC acquired a new stake in shares of Wynn Resorts during the 2nd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wynn Resorts in the third quarter valued at $31,000. Blue Trust Inc. grew its stake in shares of 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 in the last quarter. Allworth Financial LP raised its holdings in shares of Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock valued at $86,000 after buying an additional 133 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator's stock worth $99,000 after acquiring an additional 900 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

NASDAQ:WYNN traded down $1.74 during trading hours on Thursday, reaching $93.47. The company had a trading volume of 1,574,744 shares, compared to its average volume of 2,205,064. Wynn Resorts has a 1-year low of $71.63 and a 1-year high of $110.38. The business's 50 day moving average price is $95.21 and its 200-day moving average price is $87.88. The firm has a market cap of $10.26 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 3.47 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The firm had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the firm earned $0.99 earnings per share. Wynn Resorts's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts expect that Wynn Resorts will post 4.79 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Wynn Resorts's dividend payout ratio is currently 12.33%.

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.