Wynn Resorts Ltd. (NASDAQ:WYNN) shares traded down 2.8% on Friday . The company traded as low as $99.28 and last traded at $99.79, with a volume of 1,998,632 shares. The stock had previously closed at $102.66.

A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Vetr downgraded Wynn Resorts from a “buy” rating to a “hold” rating and set a $103.36 price target on the stock. in a research note on Tuesday, July 26th. Gabelli reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Sunday, May 8th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wynn Resorts in a research note on Sunday, June 26th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Wynn Resorts in a research note on Thursday, May 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $96.30.

The company has a 50-day moving average price of $95.52 and a 200-day moving average price of $89.66. The company has a market capitalization of $10.12 billion and a PE ratio of 30.86.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.16. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. Wynn Resorts’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Wynn Resorts Ltd. will post $3.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $2.00 annualized dividend and a dividend yield of 2.01%.

Other institutional investors have recently made changes to their positions in the company. Platinum Investment Management Ltd. purchased a new position in shares of Wynn Resorts during the fourth quarter worth $84,501,000. Dimensional Fund Advisors LP raised its position in shares of Wynn Resorts by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 126,494 shares of the casino operator’s stock worth $8,751,000 after buying an additional 3,622 shares during the last quarter. Stephens Inc. AR raised its position in shares of Wynn Resorts by 183.0% in the fourth quarter. Stephens Inc. AR now owns 27,928 shares of the casino operator’s stock worth $1,932,000 after buying an additional 18,058 shares during the last quarter. Andra AP fonden raised its position in shares of Wynn Resorts by 137.7% in the fourth quarter. Andra AP fonden now owns 16,400 shares of the casino operator’s stock worth $1,135,000 after buying an additional 9,500 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position in shares of Wynn Resorts by 12.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 21,054 shares of the casino operator’s stock worth $1,330,000 after buying an additional 2,290 shares during the last quarter.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations.

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