Stifel Nicolaus reissued their hold rating on shares of Wynn Resorts, Limited (NASDAQ:WYNN) in a research note published on Wednesday morning. They currently have a $134.00 price objective on the casino operator’s stock, up from their previous price objective of $128.00.

A number of other analysts have also commented on WYNN. Vetr lowered shares of Wynn Resorts, Limited from a buy rating to a hold rating and set a $116.86 price objective for the company. in a research note on Tuesday, March 28th. Wolfe Research reaffirmed a market perform rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 28th. TheStreet raised shares of Wynn Resorts, Limited from a c rating to a b- rating in a research note on Thursday, March 30th. Finally, Instinet reduced their price objective on shares of Wynn Resorts, Limited from $103.00 to $99.00 and set a neutral rating for the company in a research note on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The stock 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 stock has a 50 day moving average of $133.87 and a 200-day moving average of $116.42. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 48.13 and a beta of 1.73.

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

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

In other Wynn Resorts, Limited news, Director Patricia Mulroy sold 2,226 shares of the 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 owns 8,011 shares in the company, valued at $1,026,048.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John J. Hagenbuch sold 1,150 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total value of $147,660.00. Following the transaction, the director now owns 11,662 shares in the company, valued at approximately $1,497,400.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,309 shares of company stock worth $9,306,891. Corporate insiders own 13.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WYNN. Northwestern Mutual Wealth Management Co. increased its position in shares of Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock valued at $117,000 after buying an additional 462 shares during the period. FNY Partners Fund LP increased its position in shares of Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the period. Mercer Capital Advisers Inc. bought a new position in shares of Wynn Resorts, Limited during the first quarter valued at approximately $143,000. Reilly Financial Advisors LLC increased its position in shares of Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after buying an additional 1,000 shares during the period. Finally, Financial Architects Inc increased its position in shares of 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 period. Institutional investors own 75.31% of the company’s stock.

About Wynn Resorts, Limited

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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