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

Key Points

• Consensus "Moderate Buy": Seventeen brokerages cover WYNN (13 buy, 3 hold, 1 strong buy), with a mean 1‑year target price of $137.93.
• Recent results missed EPS expectations ($1.17 vs. $1.33) while revenue slightly topped estimates at $1.87B; the stock trades at a PE of ~35.2, market cap ~$11.0B and a 52‑week range of $78.78–$134.72.
• High institutional ownership: About 88.64% of WYNN is held by hedge funds and institutions, with large new stakes recently reported from Egerton Capital (~$249M), Norges Bank (~$123M) and others.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) have received a consensus rating of "Moderate Buy" from the seventeen ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $137.9333.

WYNN has been the subject of several research reports. Wells Fargo & Company cut their price objective on Wynn Resorts from $147.00 to $144.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. Morgan Stanley decreased their target price on Wynn Resorts from $139.00 to $136.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 25th. Texas Capital raised Wynn Resorts to a "strong-buy" rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Wynn Resorts in a research report on Monday, December 29th. Finally, Susquehanna reduced their price objective on Wynn Resorts from $133.00 to $127.00 and set a "positive" rating for the company in a research note on Thursday, April 16th.

Hedge Funds Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently modified their holdings of WYNN. Egerton Capital UK LLP purchased a new stake in Wynn Resorts during the 4th quarter valued at about $249,053,000. Palidye Holdings Caymans Ltd purchased a new position in Wynn Resorts in the 2nd quarter worth approximately $104,629,000. Norges Bank acquired a new position in shares of Wynn Resorts during the 4th quarter worth approximately $122,696,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Wynn Resorts during the 3rd quarter worth approximately $110,213,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Wynn Resorts in the third quarter valued at approximately $73,588,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $105.67 on Friday. The stock has a market capitalization of $10.99 billion, a PE ratio of 35.22, a P/E/G ratio of 5.86 and a beta of 1.04. Wynn Resorts has a fifty-two week low of $78.78 and a fifty-two week high of $134.72. The company has a fifty day moving average of $104.70 and a two-hundred day moving average of $115.00.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.16). The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.42 EPS. Research analysts forecast that Wynn Resorts will post 4.93 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Wynn Resorts's dividend payout ratio is presently 33.33%.

Wynn Resorts Company Profile

Wynn Resorts, Limited NASDAQ: WYNN is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.

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