<div id="readability-page-1"><p>Shares of Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) have been given an average rating of &#34;Moderate Buy&#34; by the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $116.73.</p><ul><li>Wynn Resorts: 6 Reasons to Ante Up for the Stock </li></ul><p>A number of research firms have weighed in on WYNN. Jefferies Financial Group lowered their target price on Wynn Resorts from $111.00 to $96.00 and set a &#34;hold&#34; rating for the company in a report on Thursday, July 11th. Stifel Nicolaus upped their price objective on Wynn Resorts from $135.00 to $138.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on Wynn Resorts from $131.00 to $122.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday. Barclays increased their price target on shares of Wynn Resorts from $124.00 to $128.00 and gave the company an &#34;overweight&#34; rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase &amp; Co. cut their price objective on shares of Wynn Resorts from $110.00 to $101.00 and set an &#34;overweight&#34; rating on the stock in a research report on Wednesday.</p><p><b>View Our Latest Analysis on WYNN</b></p><h2>Insiders Place Their Bets</h2><ul><li>MGM Resorts Stock: Poised for Hospitality Industry Rebound</li></ul><p>In other news, Director Betsy S. Atkins sold 2,446 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total value of $230,877.94. Following the transaction, the director now directly owns 9,226 shares of the company's stock, valued at $870,842.14. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders. </p><h2>Institutional Trading of Wynn Resorts</h2><p>Large investors have recently made changes to their positions in the business. Arizona State Retirement System raised its stake in shares of Wynn Resorts by 0.9% during the 4th quarter. Arizona State Retirement System now owns 28,182 shares of the casino operator's stock valued at $2,568,000 after buying an additional 241 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Wynn Resorts by 4,067.4% during the fourth quarter. International Assets Investment Management LLC now owns 7,668 shares of the casino operator's stock worth $699,000 after acquiring an additional 7,484 shares during the period. Nisa Investment Advisors LLC grew its holdings in Wynn Resorts by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator's stock worth $2,542,000 after acquiring an additional 109 shares during the period. Cerity Partners LLC raised its position in Wynn Resorts by 996.0% during the fourth quarter. Cerity Partners LLC now owns 27,445 shares of the casino operator's stock valued at $2,500,000 after acquiring an additional 24,941 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Wynn Resorts in the fourth quarter valued at approximately $46,000. 68.87% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wynn Resorts Price Performance</h2><ul><li>How to Invest in Casino Stocks: Pros and Cons and More</li></ul><p>WYNN stock opened at $76.65 on Friday. Wynn Resorts has a 1-year low of $71.63 and a 1-year high of $110.38. The business has a 50-day moving average price of $86.08 and a 200 day moving average price of $94.88. The company has a market capitalization of $8.59 billion, a P/E ratio of 10.50 and a beta of 1.82. </p><p>Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 50.07%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Wynn Resorts will post 5.62 earnings per share for the current fiscal year. </p><h2>Wynn Resorts Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Wynn Resorts's dividend payout ratio (DPR) is 13.70%. </p><h2>About Wynn Resorts</h2> (Get Free Report<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Wynn Resorts</li><li>Using the MarketBeat Stock Split Calculator</li><li>Owens-Corning Stock: Good Value or Recession Red Flag?</li><li>Using the MarketBeat Dividend Tax Calculator</li><li>Datadog Exceeds Q2 Expectations, Solidifies Market Leadership</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>Cybersecurity Stock Surges, Promising Double-Digit Gains</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V1lOTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V1lOTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wynn Resorts wasn't on the list.</p><p>While Wynn Resorts currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

WYNN

<p>Wynn Resorts (NASDAQ:WYNN) has received a "Moderate Buy" rating from analysts. Sixteen brokerages are currently covering the company, with four giving a hold rating, eleven giving a buy rating, and one giving a strong buy rating. The average target price is $116.73. Additionally, there have been recent changes in institutional investors' positions. The stock currently has a 1-year low of $71.63 and a high of $110.38. The company reported quarterly earnings of $1.12 EPS, slightly missing the consensus estimate of $1.14 EPS. Wynn Resorts is expected to post 5.62 earnings per share for the current fiscal year.</p>

Wynn Resorts, Limited (NASDAQ:WYNN) Receives Consensus Rating of "Moderate Buy" from Analysts