Stifel Nicolaus Reiterates Hold Rating for Wynn Resorts, Limited (WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a report issued on Thursday. They presently have a $134.00 target price on the casino operator’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 6.47% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Instinet restated a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 17th. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price objective on the stock in a research report on Friday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. BidaskClub upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Deutsche Bank AG upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $150.00 in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $134.28.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 143.27 on Thursday. The company’s 50-day moving average price is $142.98 and its 200-day moving average price is $131.32. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $150.40. The stock has a market cap of $14.61 billion, a PE ratio of 53.62 and a beta of 1.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The business’s revenue was up 44.5% on a year-over-year basis. Equities research analysts anticipate that Wynn Resorts, Limited will post $5.05 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 that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total value of $6,153,576.00. Following the transaction, the president now owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, 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 three months, insiders sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in WYNN. FNY Partners Fund LP grew its stake in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after purchasing an additional 1,080 shares in the last quarter. Reilly Financial Advisors LLC grew its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after purchasing an additional 1,000 shares in the last quarter. Financial Architects Inc grew its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after purchasing an additional 50 shares in the last quarter. IFP Advisors Inc grew its stake in Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after purchasing an additional 365 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after purchasing an additional 1,301 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wynn Resorts, Limited Company Profile

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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