Vetr upgraded shares of Wynn Resorts, Limited (NASDAQ:WYNN) from a hold rating to a buy rating in a research report report published on Friday, July 14th. The firm currently has $146.26 price objective on the casino operator’s stock.

WYNN has been the topic of a number of other research reports. Telsey Advisory Group reissued an outperform rating and issued a $145.00 target price (up previously from $110.00) on shares of Wynn Resorts, Limited in a report on Wednesday, April 26th. TheStreet raised shares of Wynn Resorts, Limited from a c rating to a b- rating in a report on Thursday, March 30th. Aegis reaffirmed a buy rating and set a $132.00 price target (up previously from $121.00) on shares of Wynn Resorts, Limited in a report on Saturday, April 29th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut Wynn Resorts, Limited from a buy rating to a hold rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $125.62.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up 0.26% during midday trading on Friday, hitting $130.07. The company had a trading volume of 1,791,528 shares. The company has a 50-day moving average of $133.18 and a 200 day moving average of $117.50. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $139.67. The firm has a market capitalization of $13.26 billion, a PE ratio of 48.68 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 205.76%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, analysts expect that Wynn Resorts, Limited will post $4.92 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.54%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 74.91%.

In other news, President Matt Maddox sold 44,309 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the transaction, the president now owns 344,895 shares in the company, valued at approximately $46,336,643.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were 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 directly owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,309 shares of company stock worth $9,693,891. Insiders own 13.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WYNN. Russell Investments Group Ltd. acquired a new stake in Wynn Resorts, Limited during the fourth quarter worth $2,755,000. Dimensional Fund Advisors LP raised its position in Wynn Resorts, Limited by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,152 shares of the casino operator’s stock worth $15,587,000 after buying an additional 1,516 shares during the period. Federated Investors Inc. PA raised its position in Wynn Resorts, Limited by 179.3% in the fourth quarter. Federated Investors Inc. PA now owns 4,304 shares of the casino operator’s stock worth $372,000 after buying an additional 2,763 shares during the period. FMR LLC raised its position in Wynn Resorts, Limited by 98.7% in the fourth quarter. FMR LLC now owns 372,804 shares of the casino operator’s stock worth $32,251,000 after buying an additional 185,217 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Wynn Resorts, Limited during the fourth quarter worth approximately $422,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.

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

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