Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued on Monday. They currently have a $157.00 target price on the casino operator’s stock, up from their previous target price of $150.00. Telsey Advisory Group’s target price points to a potential upside of 5.43% from the company’s previous close.

Several other brokerages have also recently commented on WYNN. UBS AG reissued a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price for the company in a research note on Friday, July 14th. BidaskClub upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their target price for the stock from $138.00 to $150.00 in a research report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts, Limited 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $134.28.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 1.93% on Monday, hitting $146.04. The company had a trading volume of 1,599,001 shares. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 54.66 and a beta of 1.67. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $150.15. The company has a 50 day moving average of $136.42 and a 200-day moving average of $126.96.

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

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In related news, President Matt Maddox sold 42,900 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Partners Fund LP grew its stake in shares of Wynn Resorts, Limited by 5,400.0% in the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after purchasing an additional 1,080 shares during the period. Reilly Financial Advisors LLC lifted its position in shares of Wynn Resorts, Limited by 1,000.0% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares during the period. Financial Architects Inc lifted its position in shares of Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the period. IFP Advisors Inc lifted its position in shares of Wynn Resorts, Limited by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares during the period. Finally, Hanseatic Management Services Inc. lifted its position in shares of Wynn Resorts, Limited 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 period. 70.81% of the stock is currently owned by institutional investors.

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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