Union Gaming Research reaffirmed their hold rating on shares of Wynn Resorts, Limited (NASDAQ:WYNN) in a report published on Wednesday.

A number of other analysts have also recently issued reports on WYNN. Vetr cut Wynn Resorts, Limited from a buy rating to a hold rating and set a $116.86 price objective on the stock. in a report on Tuesday, March 28th. Wolfe Research reissued a market perform rating on shares of Wynn Resorts, Limited in a report on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) reissued a neutral rating on shares of Wynn Resorts, Limited in a report on Tuesday, March 28th. TheStreet raised Wynn Resorts, Limited from a c rating to a b- rating in a report on Thursday, March 30th. Finally, Instinet dropped their price objective on Wynn Resorts, Limited from $103.00 to $99.00 and set a neutral rating on the stock in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $125.62.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 128.60 on Wednesday. The company has a 50 day moving average price of $133.87 and a 200-day moving average price of $116.42. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $139.67. The company has a market cap of $13.11 billion, a PE ratio of 48.13 and a beta of 1.73.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The firm’s quarterly revenue was up 44.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities analysts predict that Wynn Resorts, Limited will post $4.80 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.56%. Wynn Resorts, Limited’s payout ratio is 74.91%.

In related news, Director Patricia Mulroy sold 2,226 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.08, for a total transaction of $285,106.08. Following the transaction, the director now directly owns 8,011 shares in the company, valued at approximately $1,026,048.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Matt Maddox sold 44,309 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $134.35, for a total value of $5,952,914.15. Following the transaction, the president now owns 344,895 shares in the company, valued at $46,336,643.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,309 shares of company stock worth $9,306,891. 13.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. raised its position in Wynn Resorts, Limited by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 2,042 shares of the casino operator’s stock valued at $234,000 after buying an additional 11 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Wynn Resorts, Limited by 0.6% in the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock valued at $854,000 after buying an additional 39 shares during the last quarter. M&T Bank Corp raised its position in Wynn Resorts, Limited by 1.3% in the first quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock valued at $445,000 after buying an additional 48 shares during the last quarter. Financial Architects Inc raised its position in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after buying an additional 50 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Wynn Resorts, Limited by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 8,901 shares of the casino operator’s stock valued at $1,194,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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