Wynn Resorts (WYNN) Now Covered by Jefferies Group

Equities researchers at Jefferies Group started coverage on shares of Wynn Resorts (NASDAQ:WYNN) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the casino operator’s stock.

Other research analysts have also issued reports about the stock. TheStreet raised shares of Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. UBS Group reaffirmed a “buy” rating and issued a $174.00 price target (up from $149.00) on shares of Wynn Resorts in a research note on Friday, September 29th. Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Tuesday, September 26th. Roth Capital started coverage on shares of Wynn Resorts in a research note on Thursday, October 26th. They issued a “buy” rating and a $163.00 price target on the stock. Finally, Deutsche Bank set a $161.00 price target on shares of Wynn Resorts and gave the company a “buy” rating in a research note on Monday, October 16th. Eleven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts has a consensus rating of “Buy” and an average price target of $151.67.

Wynn Resorts (WYNN) traded up $4.86 during trading hours on Thursday, hitting $173.59. The stock had a trading volume of 2,367,200 shares, compared to its average volume of 2,572,173. Wynn Resorts has a 52-week low of $90.51 and a 52-week high of $174.81. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The firm has a market cap of $18,040.00, a PE ratio of 48.09 and a beta of 1.73.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. equities research analysts expect that Wynn Resorts will post 5.38 earnings per share for the current year.

In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total value of $3,161,463.85. Following the transaction, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Matt Maddox sold 59,260 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock worth $14,629,975 over the last three months. Corporate insiders own 13.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Personal Financial Services increased its holdings in shares of Wynn Resorts by 102.9% during the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after buying an additional 360 shares during the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Wynn Resorts by 808.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Wynn Resorts during the 3rd quarter worth approximately $222,000. Meridian Investment Counsel Inc. acquired a new stake in shares of Wynn Resorts during the 2nd quarter worth approximately $201,000. Finally, Sun Life Financial INC increased its holdings in shares of Wynn Resorts by 30,080.0% during the 2nd quarter. Sun Life Financial INC now owns 1,509 shares of the casino operator’s stock worth $203,000 after buying an additional 1,504 shares during the last quarter. Institutional investors and hedge funds own 71.96% of the company’s stock.

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Wynn Resorts Company Profile

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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