Wynn Resorts (WYNN) Now Covered by Jefferies Group

Investment analysts at Jefferies Group began coverage on shares of Wynn Resorts (NASDAQ:WYNN) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the casino operator’s stock.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research note on Tuesday, September 26th. UBS Group reaffirmed a “buy” rating and issued a $174.00 price objective (up previously from $149.00) on shares of Wynn Resorts in a research note on Friday, September 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $157.00 price objective (up previously from $150.00) on shares of Wynn Resorts in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $134.00 price objective on shares of Wynn Resorts in a research note on Thursday, October 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $151.00 price objective (down previously from $158.00) on shares of Wynn Resorts in a research note on Thursday, October 12th. Eleven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $151.67.

Wynn Resorts (NASDAQ:WYNN) traded up $4.86 during midday trading on Thursday, reaching $173.59. The company had a trading volume of 2,367,200 shares, compared to its average volume of 2,572,173. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts has a one year low of $90.51 and a one year high of $174.81. The stock has a market cap of $18,040.00, a PE ratio of 48.09 and a beta of 1.73.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s revenue was up 45.3% compared to the same quarter last year. sell-side analysts predict that Wynn Resorts will post 5.38 earnings per share for the current fiscal year.

In other news, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the transaction, the director now directly owns 19,162 shares in the company, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,055 shares of company stock worth $14,629,975. Corporate insiders own 13.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Oakbrook Investments LLC grew its position in Wynn Resorts by 78.3% in the 4th quarter. Oakbrook Investments LLC now owns 6,845 shares of the casino operator’s stock valued at $1,154,000 after acquiring an additional 3,005 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Wynn Resorts by 2.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,394 shares of the casino operator’s stock valued at $50,644,000 after acquiring an additional 7,131 shares during the last quarter. Coastline Trust Co grew its position in Wynn Resorts by 49.2% in the 4th quarter. Coastline Trust Co now owns 3,760 shares of the casino operator’s stock valued at $634,000 after acquiring an additional 1,240 shares during the last quarter. National Pension Service bought a new position in Wynn Resorts in the 4th quarter valued at $17,036,000. Finally, Bank of Montreal Can grew its position in Wynn Resorts by 10.4% in the 4th quarter. Bank of Montreal Can now owns 95,950 shares of the casino operator’s stock valued at $16,177,000 after acquiring an additional 9,077 shares during the last quarter. 71.96% of the stock is currently owned by institutional investors.

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About Wynn Resorts

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.

The Fly

Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)

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