Wynn Resorts, Limited $WYNN Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 72.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,867 shares of the casino operator’s stock after selling 30,600 shares during the period. Zweig DiMenna Associates LLC’s holdings in Wynn Resorts were worth $1,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of Wynn Resorts by 19.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 891,661 shares of the casino operator’s stock valued at $114,374,000 after acquiring an additional 142,892 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Wynn Resorts by 433,217.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock worth $8,864,000 after buying an additional 73,647 shares during the last quarter. Westend Capital Management LLC bought a new position in Wynn Resorts during the 4th quarter worth $12,084,000. OPTIMAS CAPITAL Ltd bought a new position in Wynn Resorts during the 3rd quarter worth $7,888,000. Finally, SG Americas Securities LLC grew its stake in Wynn Resorts by 224.1% during the 4th quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock worth $9,970,000 after buying an additional 57,293 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Susquehanna lowered their price objective on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, April 16th. UBS Group restated a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Morgan Stanley lowered their price objective on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group lowered their price objective on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Bank of America lowered their price objective on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.00.

Wynn Resorts News Summary

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn Resorts was mentioned on CNBC’s “Final Trades,” where Jim Lebenthal said the stock looks like a buy-the-dip opportunity, which could support investor sentiment. Wynn Resorts, Okta, ServiceTitan And More On CNBC’s ‘Final Trades’
• Neutral Sentiment: Analysts continue to see solid longer-term earnings growth, with Zacks Research still forecasting Wynn Resorts will earn $4.92 per share in FY2027 and $5.75 in FY2028, suggesting the company’s profit outlook remains positive over time.
• Negative Sentiment: Zacks Research cut near- and medium-term EPS estimates across multiple periods, including Q3 2026, Q2 2027, Q3 2027, Q4 2027, FY2026, FY2027 and FY2028, signaling weaker expected profitability that may be weighing on the shares.
• Negative Sentiment: The estimates were reduced even though Wynn is already trading below its 200-day moving average, so the repeated analyst downgrades may reinforce concerns that the stock’s recent rally has lost momentum.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $101.22 on Friday. Wynn Resorts, Limited has a 1 year low of $82.63 and a 1 year high of $134.72. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 0.93 and a beta of 1.01. The business has a fifty day moving average of $102.12 and a 200-day moving average of $111.69.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts predict that Wynn Resorts, Limited will post 4.68 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio is presently 29.85%.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.