Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “neutral” rating reissued by equities research analysts at Instinet in a research report issued on Monday. They presently have a $137.00 price objective on the casino operator’s stock, up from their previous price objective of $130.00. Instinet’s target price would indicate a potential downside of 0.05% from the stock’s current price.

A number of other research firms have also recently commented on WYNN. Barclays PLC upgraded shares of Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $144.00 in a research report on Friday, May 12th. Zacks Investment Research cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $116.86 price objective for the company in a research report on Wednesday, March 22nd. Susquehanna Bancshares Inc restated a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Thursday, April 20th. Finally, Union Gaming Research upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Wynn Resorts, Limited currently has an average rating of “Buy” and a consensus target price of $121.83.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN) traded up 2.89% during mid-day trading on Monday, reaching $138.34. 1,167,744 shares of the company’s stock traded hands. The stock has a 50 day moving average of $127.35 and a 200 day moving average of $107.87. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $138.36. The company has a market cap of $14.08 billion, a P/E ratio of 52.58 and a beta of 1.70.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, April 25th. The casino operator reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.28. Wynn Resorts, Limited had a net margin of 5.41% and a return on equity of 264.58%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. On average, equities research analysts predict that Wynn Resorts, Limited will post $4.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Thursday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 9th. This represents a $2.00 annualized dividend and a yield of 1.46%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 76.05%.

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In other Wynn Resorts, Limited news, Director John J. Hagenbuch sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total transaction of $147,660.00. Following the completion of the sale, the director now directly owns 11,662 shares in the company, valued at $1,497,400.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matt Maddox sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $124.25, for a total transaction of $7,455,000.00. Following the sale, the president now owns 354,895 shares of the company’s stock, valued at $44,095,703.75. The disclosure for this sale can be found here. Insiders have sold 86,000 shares of company stock valued at $10,808,977 over the last 90 days. Company insiders own 13.20% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake 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 stake 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 stake in shares of Wynn Resorts, Limited during the first quarter valued at about $143,000. Gulf International Bank UK Ltd increased its stake in shares of Wynn Resorts, Limited by 13.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,639 shares of the casino operator’s stock valued at $187,000 after buying an additional 200 shares during the period. Finally, Newman Dignan & Sheerar Inc. bought a new stake in shares of Wynn Resorts, Limited during the first quarter valued at about $210,000. Hedge funds and other institutional investors own 75.21% 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.

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