Wynn Resorts (NASDAQ:WYNN) Stock Price Down 7.3% – Here’s What Happened

Wynn Resorts, Limited (NASDAQ:WYNN) shares fell 7.3% on Monday . The stock traded as low as $109.20 and last traded at $106.4970. 126,952 shares traded hands during trading, a decline of 91% from the average session volume of 1,429,228 shares. The stock had previously closed at $114.87.

More Wynn Resorts News

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

• Positive Sentiment: Morgan Stanley cut its price target slightly to $136 but kept an Overweight rating, which implies material upside from current levels and signals continued analyst confidence. Benzinga TickerReport
• Positive Sentiment: UBS trimmed its price target modestly to $146 (from $148) but reiterated a Buy, noting WYNN’s shift toward stronger free-cash-flow generation as new assets (like Al Marjan) come online. Yahoo Finance
• Positive Sentiment: Wynn Al Marjan Island was added to the Preferred Hotels & Resorts Legend Collection, supporting the company’s international growth and future diversified cash flow. (Opening 2027.) GlobeNewswire HotelierMiddleEast
• Neutral Sentiment: Wynn says there’s no sign that employee data outside the U.S. was compromised, which may limit regulatory exposure offshore but doesn’t eliminate U.S. legal risk. GGRAsia
• Negative Sentiment: Wynn confirmed hackers obtained employee data and multiple outlets report an extortion demand (reported at ~$1.5M). Data-exposure and ransom/extortion headlines raise potential remediation, notification and reputational costs. Reuters Yogonet Yahoo
• Negative Sentiment: Hackers removed the stolen data from a leak site and claim it was deleted; reports say Wynn accepted the attacker’s claim. That raises governance and disclosure questions for investors about incident handling and transparency. SecurityWeek MSN
• Negative Sentiment: Legal fallout is already appearing: multiple lawsuits and at least one class action have been filed related to the breach, which could increase near-term legal and settlement costs. Wynn has issued responses but litigation risk remains. MSN ReadWrite BleepingComputer
• Negative Sentiment: Reporting notes Wynn had previously warned investors about cyber vulnerabilities; the current incident highlights that disclosed risk and may pressure sentiment until the investigation and remediation progress. ReviewJournal

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley cut their price objective on Wynn Resorts from $139.00 to $136.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Research lowered Wynn Resorts from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft set a $144.00 price objective on Wynn Resorts in a research note on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Finally, Susquehanna reaffirmed a “positive” rating and set a $133.00 target price on shares of Wynn Resorts in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and an average target price of $138.87.

Wynn Resorts Stock Performance

The firm’s 50 day moving average price is $116.70 and its two-hundred day moving average price is $120.54. The firm has a market cap of $11.17 billion, a PE ratio of 35.82, a PEG ratio of 12.68 and a beta of 1.06.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a negative return on equity of 38.04% and a net margin of 4.59%.The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $2.42 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 23rd. Wynn Resorts’s dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On Wynn Resorts

Several large investors have recently made changes to their positions in WYNN. Capital World Investors raised its position in Wynn Resorts by 0.6% in the fourth quarter. Capital World Investors now owns 9,542,392 shares of the casino operator’s stock valued at $1,148,236,000 after purchasing an additional 61,209 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Wynn Resorts by 9.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock valued at $442,890,000 after buying an additional 320,502 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in shares of Wynn Resorts in the 4th quarter valued at $249,053,000. Invesco Ltd. lifted its stake in Wynn Resorts by 14.2% during the 4th quarter. Invesco Ltd. now owns 2,011,462 shares of the casino operator’s stock worth $242,039,000 after acquiring an additional 249,704 shares in the last quarter. Finally, Bamco Inc. NY boosted its holdings in Wynn Resorts by 56.5% during the 2nd quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator’s stock valued at $125,259,000 after acquiring an additional 482,570 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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.