Wynn Resorts, Limited (NASDAQ:WYNN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $120.79.

A number of brokerages have commented on WYNN. Wells Fargo & Company boosted their price objective on shares of Wynn Resorts from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Citigroup boosted their target price on shares of Wynn Resorts from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Mizuho began coverage on shares of Wynn Resorts in a research report on Thursday, April 4th. They issued a “buy” rating and a $131.00 target price for the company. Macquarie boosted their target price on shares of Wynn Resorts from $122.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Susquehanna boosted their target price on shares of Wynn Resorts from $105.00 to $115.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $94.62 on Friday. Wynn Resorts has a 12 month low of $81.65 and a 12 month high of $112.25. The firm has a market capitalization of $10.60 billion, a P/E ratio of 12.96 and a beta of 1.91. The company’s fifty day moving average price is $99.13 and its two-hundred day moving average price is $95.95.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.29 EPS. The firm’s revenue was up 30.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Wynn Resorts will post 5.58 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, May 17th. Wynn Resorts’s dividend payout ratio is presently 13.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in Wynn Resorts by 3,000.0% in the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Wynn Resorts in the 4th quarter worth about $27,000. Sunbelt Securities Inc. grew its position in Wynn Resorts by 4,285.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Wynn Resorts in the 1st quarter worth approximately $37,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Wynn Resorts in the 4th quarter worth approximately $38,000. Institutional investors own 68.87% of the company’s stock.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.