Wynn Resorts (NASDAQ:WYNN) Receives Outperform Rating from Macquarie

Wynn Resorts (NASDAQ:WYNN - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Macquarie in a report released on Tuesday, Benzinga reports. They presently have a $120.00 price objective on the casino operator's stock. Macquarie's price objective would indicate a potential upside of 38.38% from the company's previous close.

A number of other equities research analysts also recently commented on WYNN. Susquehanna lifted their target price on Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a report on Friday, October 11th. Wells Fargo & Company dropped their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Tuesday. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley boosted their price objective on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.71.

Wynn Resorts Stock Performance

WYNN stock traded down $8.93 on Tuesday, hitting $86.72. 10,676,997 shares of the company's stock were exchanged, compared to its average volume of 2,155,284. The firm has a 50 day moving average price of $90.19 and a two-hundred day moving average price of $88.75. Wynn Resorts has a 12-month low of $71.63 and a 12-month high of $110.38. The stock has a market cap of $9.63 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.73 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Sell-side analysts expect that Wynn Resorts will post 5.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the sale, the director now directly owns 5,689 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Institutional Trading of Wynn Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYNN. Empirical Finance LLC lifted its holdings in Wynn Resorts by 3.7% during the 1st quarter. Empirical Finance LLC now owns 3,220 shares of the casino operator's stock worth $329,000 after buying an additional 114 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of Wynn Resorts by 7.2% in the first quarter. EntryPoint Capital LLC now owns 1,738 shares of the casino operator's stock valued at $178,000 after acquiring an additional 117 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Wynn Resorts by 8.5% in the second quarter. Fifth Third Bancorp now owns 1,536 shares of the casino operator's stock valued at $137,000 after purchasing an additional 120 shares during the period. Allworth Financial LP grew its stake in Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock worth $86,000 after purchasing an additional 133 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Wynn Resorts by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator's stock worth $496,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 68.87% of the company's stock.

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.