Wynn Resorts, Limited (NASDAQ:WYNN) Receives $115.71 Consensus PT from Analysts

Wynn Resorts, Limited (NASDAQ:WYNN) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $115.71.

Several equities research analysts have recently weighed in on WYNN shares. UBS Group raised shares of Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Susquehanna boosted their price objective on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,650 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at approximately $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Wynn Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of WYNN. IHT Wealth Management LLC raised its position in shares of Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after buying an additional 112 shares in the last quarter. Fifth Third Bancorp raised its holdings in 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 purchasing an additional 120 shares in the last quarter. Allworth Financial LP lifted its position in Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after purchasing an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Wynn Resorts by 2.8% in the second 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. Finally, Prospera Financial Services Inc boosted its stake in Wynn Resorts by 4.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Up 1.1 %

Shares of NASDAQ WYNN opened at $94.53 on Thursday. Wynn Resorts has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The business has a 50 day moving average price of $94.99 and a two-hundred day moving average price of $87.84. The firm has a market cap of $10.38 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 3.46 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. On average, analysts anticipate that Wynn Resorts will post 4.79 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s payout ratio is 12.33%.

About Wynn Resorts

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.