A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group upped their price objective on Wynn Resorts from $160.00 to $165.00 and gave the stock a buy rating in a research note on Thursday, July 11th. UBS Group dropped their price objective on Wynn Resorts from $119.00 to $114.00 and set a neutral rating on the stock in a research note on Wednesday, August 21st. Standpoint Research initiated coverage on Wynn Resorts in a research note on Wednesday, September 4th. They set a buy rating on the stock. JPMorgan Chase & Co. dropped their price objective on Wynn Resorts from $137.00 to $136.00 and set an overweight rating on the stock in a research note on Friday, September 6th. Finally, Deutsche Bank set a $150.00 price objective on Wynn Resorts and gave the stock a buy rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $136.93.
Shares of Wynn Resorts stock traded up $0.25 on Thursday, reaching $117.33. 102,159 shares of the company were exchanged, compared to its average volume of 2,263,807. Wynn Resorts has a one year low of $90.06 and a one year high of $151.50. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 17.95, a PEG 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. The company has a 50-day moving average of $114.70 and a 200 day moving average of $124.16.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Friday, August 16th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Thursday, August 15th. Wynn Resorts’s dividend payout ratio (DPR) is presently 61.16%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Wynn Resorts by 3.1% in the 2nd 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 during the period. Boston Partners bought a new stake in Wynn Resorts in the 2nd quarter valued at $1,501,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Wynn Resorts by 42.5% in the 2nd 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 during the period. HM Payson & Co. bought a new stake in Wynn Resorts in the 2nd quarter valued at $81,000. Finally, Eaton Vance Management bought a new stake in Wynn Resorts in the 2nd quarter valued at $12,809,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
About Wynn Resorts
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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