Wynn Resorts, Limited (NASDAQ:WYNN) has been assigned an average recommendation of “Hold” from the twenty-six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $134.65.

A number of research firms recently issued reports on WYNN. Telsey Advisory Group downgraded shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, July 26th. Union Gaming Research restated a “hold” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. UBS AG downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $134.00 target price (up previously from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. Finally, Instinet reiterated a “neutral” rating and issued a $137.00 target price (up previously from $130.00) on shares of Wynn Resorts, Limited in a research note on Monday, June 19th.

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In other news, President Matt Maddox sold 44,309 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the completion of the sale, the president now directly owns 344,895 shares in the company, valued at approximately $46,336,643.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of Wynn Resorts, Limited by 0.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock worth $275,000 after acquiring an additional 8 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Wynn Resorts, Limited by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock worth $796,000 after acquiring an additional 35 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Wynn Resorts, Limited by 0.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after acquiring an additional 39 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in shares of Wynn Resorts, Limited by 1.3% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 3,230 shares of the casino operator’s stock worth $433,000 after acquiring an additional 40 shares during the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of Wynn Resorts, Limited by 2.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock worth $285,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 70.79% of the company’s stock.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.91% during mid-day trading on Friday, hitting $144.43. 1,081,061 shares of the company traded hands. The firm has a 50-day moving average of $133.96 and a 200-day moving average of $124.14. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 54.05 and a beta of 1.69. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $147.50.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities analysts predict that Wynn Resorts, Limited will post $4.90 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.38%. Wynn Resorts, Limited’s payout ratio is presently 74.91%.

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.

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

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