Deutsche Bank AG reissued their buy rating on shares of Wynn Resorts, Limited (NASDAQ:WYNN) in a research note released on Tuesday morning. They currently have a $167.00 price objective on the casino operator’s stock.

Several other equities analysts also recently commented on the stock. UBS AG reissued a buy rating and issued a $174.00 target price (up previously from $149.00) on shares of Wynn Resorts, Limited in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a hold rating to a buy rating and set a $162.00 price target on the stock in a research report on Tuesday, September 26th. Citigroup Inc. boosted their price target on shares of Wynn Resorts, Limited to $161.00 and gave the stock a buy rating in a research report on Monday, October 16th. Roth Capital started coverage on shares of Wynn Resorts, Limited in a research report on Thursday, October 26th. They issued a buy rating and a $163.00 price target on the stock. Finally, TheStreet cut shares of Wynn Resorts, Limited from a b- rating to a c+ rating in a research report on Friday, October 13th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Wynn Resorts, Limited has an average rating of Buy and an average target price of $148.49.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at $158.57 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a 1-year low of $85.57 and a 1-year high of $158.73. The firm has a market cap of $16,132.74, a P/E ratio of 35.35 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. equities research analysts forecast that Wynn Resorts, Limited will post 5.34 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.26%. Wynn Resorts, Limited’s payout ratio is 55.25%.

In other news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The disclosure for this sale can be found here. Insiders have sold a total of 159,406 shares of company stock worth $23,864,344 in the last ninety days. Corporate insiders own 13.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Monetta Financial Services Inc. purchased a new position in shares of Wynn Resorts, Limited during the 2nd quarter worth $1,542,000. Public Employees Retirement System of Ohio increased its position in shares of Wynn Resorts, Limited by 28.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock worth $6,240,000 after purchasing an additional 10,335 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Wynn Resorts, Limited by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock worth $3,629,000 after purchasing an additional 5,593 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Wynn Resorts, Limited during the 2nd quarter worth about $528,000. Finally, Maverick Capital Ltd. increased its position in shares of Wynn Resorts, Limited by 36.9% during the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after purchasing an additional 339,550 shares during the last quarter. Institutional investors own 71.45% 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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