Wynn Resorts, Limited (NASDAQ:WYNN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $115.12, but opened at $112.41. Wynn Resorts shares last traded at $113.23, with a volume of 743,721 shares traded.

Several equities research analysts have recently weighed in on WYNN shares. Jefferies Financial Group upped their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Bank of America raised shares of Wynn Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $165.00 in a report on Thursday, April 25th. Morgan Stanley decreased their price target on shares of Wynn Resorts from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. UBS Group decreased their price target on shares of Wynn Resorts from $119.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, BidaskClub raised shares of Wynn Resorts from a “sell” rating to a “hold” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $136.93.

The company’s 50-day moving average price is $125.09 and its 200-day moving average price is $125.97. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.95. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 5.00.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Wynn Resorts had a net margin of 12.41% and a return on equity of 34.98%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.53 earnings per share. Analysts predict that Wynn Resorts, Limited will post 5.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Friday, August 16th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, August 15th. This represents a $4.00 annualized dividend and a dividend yield of 3.60%. Wynn Resorts’s dividend payout ratio is presently 61.16%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Wynn Resorts by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,853,472 shares of the casino operator’s stock worth $1,221,733,000 after purchasing an additional 91,299 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Wynn Resorts by 9.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,857,209 shares of the casino operator’s stock valued at $1,098,205,000 after purchasing an additional 801,270 shares in the last quarter. Egerton Capital UK LLP lifted its holdings in shares of Wynn Resorts by 51.4% during the 2nd quarter. Egerton Capital UK LLP now owns 3,487,638 shares of the casino operator’s stock worth $432,432,000 after acquiring an additional 1,184,251 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Wynn Resorts by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 1,286,319 shares of the casino operator’s stock worth $127,010,000 after acquiring an additional 91,738 shares during the period. Finally, FMR LLC lifted its holdings in shares of Wynn Resorts by 75.3% during the 1st quarter. FMR LLC now owns 1,235,412 shares of the casino operator’s stock worth $147,409,000 after acquiring an additional 530,731 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.

Wynn Resorts Company Profile (NASDAQ:WYNN)

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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