Wynn Resorts, Limited (NASDAQ:WYNN) CEO Matt Maddox sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $117.30, for a total value of $2,932,500.00. Following the completion of the transaction, the chief executive officer now owns 459,185 shares in the company, valued at $53,862,400.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Wynn Resorts stock traded up $0.38 during trading hours on Friday, reaching $117.46. 1,134,865 shares of the company were exchanged, compared to its average volume of 2,127,161. Wynn Resorts, Limited has a 1 year low of $90.06 and a 1 year high of $151.50. The stock’s fifty day moving average is $114.70 and its 200 day moving average is $124.16. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.95 and a current ratio of 1.00. The firm has a market cap of $12.58 billion, a PE ratio of 17.96, a PEG ratio of 2.07 and a beta of 2.05.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Wynn Resorts had a return on equity of 34.98% and a net margin of 12.41%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Research analysts expect that Wynn Resorts, Limited will post 5.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Friday, August 16th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Thursday, August 15th. Wynn Resorts’s dividend payout ratio (DPR) is presently 61.16%.

A number of large investors have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Wynn Resorts by 3.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,325 shares of the casino operator’s stock worth $2,644,000 after purchasing an additional 637 shares during the last quarter. Boston Partners acquired a new stake in shares of Wynn Resorts during the second quarter worth about $1,501,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Wynn Resorts by 42.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 72,181 shares of the casino operator’s stock worth $8,950,000 after buying an additional 21,521 shares during the period. HM Payson & Co. acquired a new stake in shares of Wynn Resorts during the second quarter worth about $81,000. Finally, Eaton Vance Management acquired a new stake in shares of Wynn Resorts during the second quarter worth about $12,809,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on WYNN. Jefferies Financial Group upped their price target on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley decreased their price target on Wynn Resorts from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. Nomura decreased their price target on Wynn Resorts from $142.00 to $126.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank set a $150.00 price target on Wynn Resorts and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine cut Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $136.93.

Wynn Resorts Company Profile

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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