Insider Selling: Wynn Resorts EVP Unloads 5,000 Shares of Stock (WYNN)
Wynn Resorts (NASDAQ:WYNN) EVP John Strzemp unloaded 5,000 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $211.57, for a total transaction of $1,057,850.00. Following the transaction, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $5,289,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WYNN shares. Analysts at Morgan Stanley raised their price target on shares of Wynn Resorts from $212.00 to $227.00 in a research note to investors on Monday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Wynn Resorts from $238.00 to $250.00 in a research note to investors on Monday. Finally, analysts at FBR Capital Markets reiterated a “hold” rating on shares of Wynn Resorts in a research note to investors on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Wynn Resorts has a consensus rating of “Buy” and an average price target of $196.18.
Wynn Resorts (NASDAQ:WYNN) traded down 1.87% on Wednesday, hitting $209.55. 3,298,088 shares of the company’s stock traded hands. Wynn Resorts has a 52 week low of $113.39 and a 52 week high of $219.91. The stock’s 50-day moving average is $199.4 and its 200-day moving average is $166.1. The company has a market cap of $21.112 billion and a price-to-earnings ratio of 29.78.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.52. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. On average, analysts predict that Wynn Resorts will post $8.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a dividend of 1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Tuesday, February 11th. This is a boost from Wynn Resorts’s previous quarterly dividend of $1.00.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts.
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