Wynn Resorts (NASDAQ:WYNN) had its price target decreased by Barclays from $157.00 to $150.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the casino operator’s stock.

Several other research analysts have also recently commented on the stock. Morgan Stanley decreased their target price on shares of Wynn Resorts from $135.00 to $130.00 and set an equal weight rating for the company in a report on Thursday, June 6th. JPMorgan Chase & Co. decreased their target price on shares of Wynn Resorts from $137.00 to $136.00 and set an overweight rating for the company in a report on Friday, September 6th. BidaskClub upgraded shares of Wynn Resorts from a sell rating to a hold rating in a report on Thursday. Deutsche Bank set a $150.00 target price on shares of Wynn Resorts and gave the stock a buy rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group raised their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a buy rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $136.93.

Shares of WYNN traded up $0.25 during midday trading on Thursday, hitting $117.33. The stock had a trading volume of 102,159 shares, compared to its average volume of 2,263,807. Wynn Resorts has a fifty-two week low of $90.06 and a fifty-two week high of $151.50. The business has a 50-day simple moving average of $114.70 and a two-hundred day simple moving average of $124.16. The firm has a market cap of $12.58 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.07 and a beta of 2.05. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 5.00.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 6th. The casino operator reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Wynn Resorts had a net margin of 12.41% and a return on equity of 34.98%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the company posted $1.53 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Wynn Resorts will post 5.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Friday, August 16th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, August 15th. Wynn Resorts’s dividend payout ratio is currently 61.16%.

Several hedge funds have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Wynn Resorts by 3.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,325 shares of the casino operator’s stock valued at $2,644,000 after acquiring an additional 637 shares in the last quarter. Boston Partners bought a new position in Wynn Resorts during the second quarter valued at approximately $1,501,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Wynn Resorts by 42.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 72,181 shares of the casino operator’s stock valued at $8,950,000 after acquiring an additional 21,521 shares in the last quarter. HM Payson & Co. bought a new position in Wynn Resorts during the second quarter valued at approximately $81,000. Finally, Eaton Vance Management bought a new position in Wynn Resorts during the second quarter valued at approximately $12,809,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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