Wynn Resorts, Limited (NASDAQ:WYNN) Given Average Rating of "Moderate Buy" by Analysts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $120.43.

WYNN has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Wynn Resorts from $118.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. UBS Group decreased their price objective on Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating for the company in a report on Tuesday, February 6th. Bank Of America (Bofa) increased their price objective on Wynn Resorts from $95.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 17th. StockNews.com raised Wynn Resorts from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company increased their price objective on Wynn Resorts from $122.00 to $124.00 and gave the company an "overweight" rating in a report on Thursday, February 8th.

Wynn Resorts Stock Up 1.3 %

Wynn Resorts stock traded up $1.34 during mid-day trading on Friday, hitting $107.46. The company had a trading volume of 1,436,681 shares, compared to its average volume of 1,541,210. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 17.97 and a beta of 1.93. Wynn Resorts has a 1 year low of $81.65 and a 1 year high of $117.86. The business has a fifty day moving average of $101.88 and a 200 day moving average of $94.23.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating the consensus estimate of $1.15 by $0.76. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm's revenue was up 83.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.23) earnings per share. Equities analysts anticipate that Wynn Resorts will post 5.28 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts's dividend payout ratio (DPR) is currently 16.72%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the sale, the chief executive officer now owns 307,904 shares of the company's stock, valued at $33,253,632. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Julie Cameron-Doe sold 6,383 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the transaction, the chief financial officer now owns 78,150 shares in the company, valued at $8,226,850.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Craig Scott Billings sold 19,235 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now owns 307,904 shares of the company's stock, valued at approximately $33,253,632. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,828 shares of company stock valued at $7,345,942. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its position in Wynn Resorts by 3,000.0% during the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator's stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Point72 Europe London LLP purchased a new stake in Wynn Resorts during the 4th quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new stake in Wynn Resorts during the 4th quarter worth about $27,000. Sunbelt Securities Inc. increased its position in Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator's stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Wynn Resorts during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 68.87% of the company's stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.