The stock of Wynn Resorts Limited (NASDAQ:WYNN) last traded at $104.22, up 2.63% from the previous session.
Data from the available sources indicates that Wynn Resorts Limited (NASDAQ:WYNN) is covered by 16 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $99.00, we find $132.50. Given the previous closing price of $101.55, this indicates a potential upside of 30.48 percent. WYNN stock price is now -0.70% away from the 50-day moving average and 5.61% away from the 200-day moving average. The market capitalization of the company currently stands at $12.02B.
In total, 8 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $128.68 as their price target over the next twelve months.
With the price target enhanced from $134 to $138, Wells Fargo maintained Overweight rating for Wynn Resorts Limited (NASDAQ: WYNN).
In other news, Mulroy Patricia, Director sold 1,000 shares of the company’s stock on Jun 20. The stock was sold for $104,960 at an average price of $104.96. Upon completion of the transaction, the Director now directly owns 8,067 shares in the company, valued at $0.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director Mulroy Patricia sold 1,100 shares of the business’s stock. A total of $111,815 was realized by selling the stock at an average price of $101.65. This leaves the insider owning 1,982 shares of the company worth $0.21 million. Insiders disposed of 102,474 shares of company stock worth roughly $10.68 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WYNN stock. A new stake in Wynn Resorts Limited shares was purchased by SCOPUS ASSET MANAGEMENT, L.P. during the first quarter worth $57,321,000. BAMCO INC /NY/ invested $43,711,000 in shares of WYNN during the first quarter. In the first quarter, SENATOR INVESTMENT GROUP LP acquired a new stake in Wynn Resorts Limited valued at approximately $34,914,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in WYNN for approximately $33,247,000. CANADA PENSION PLAN INVESTMENT BOARD purchased a new stake in WYNN valued at around $27,073,000 in the second quarter. In total, there are 778 active investors with 66.40% ownership of the company’s stock.
With an opening price of $103.07 on Thursday morning, Wynn Resorts Limited (NASDAQ: WYNN) set off the trading day. During the past 12 months, Wynn Resorts Limited has had a low of $53.81 and a high of $117.86. The fifty day moving average price for WYNN is $105.05 and a two-hundred day moving average price translates $98.92 for the stock.
The latest earnings results from Wynn Resorts Limited (NASDAQ: WYNN) was released for Mar, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.59 by 0.32. This compares to -$1.86 EPS in the same period last year. The net profit margin was -5.40% and return on equity was 32.10% for WYNN. The company reported revenue of $1.6 billion for the quarter, compared to $908.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.59 percent. For the current quarter, analysts expect WYNN to generate $1.57B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/23/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.96% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend.
Wynn Resorts Limited(WYNN) 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. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.
