Wynn Resorts Ltd. (NASDAQ:WYNN) shares were down 2% during mid-day trading on Thursday . The company traded as low as $98.25 and last traded at $99.26, with a volume of 1,946,775 shares. The stock had previously closed at $101.33.

A number of research analysts recently issued reports on WYNN shares. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, May 6th. Vetr lowered Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $103.68 target price on the stock. in a report on Monday, May 2nd. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Wynn Resorts in a report on Monday, May 9th. Gabelli reaffirmed a “buy” rating on shares of Wynn Resorts in a report on Sunday, May 8th. Finally, Buckingham Research started coverage on Wynn Resorts in a report on Friday, August 12th. They set a “buy” rating and a $113.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts has a consensus rating of “Hold” and an average price target of $97.35.

The company has a market cap of $10.11 billion and a price-to-earnings ratio of 30.84. The firm’s 50-day moving average price is $96.56 and its 200 day moving average price is $90.95.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, July 28th. The casino operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company earned $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. On average, analysts predict that Wynn Resorts Ltd. will post $3.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Thursday, August 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $2.00 dividend on an annualized basis and a yield of 2.01%.

Several large investors have made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Wynn Resorts by 5.2% in the fourth quarter. Bank of Montreal Can now owns 31,178 shares of the casino operator’s stock valued at $2,158,000 after buying an additional 1,536 shares during the period. Aberdeen Asset Management PLC UK increased its stake 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 valued at $1,330,000 after buying an additional 2,290 shares during the period. Dimensional Fund Advisors LP increased its stake 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 valued at $8,751,000 after buying an additional 3,622 shares during the period. Andra AP fonden increased its stake 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 valued at $1,135,000 after buying an additional 9,500 shares during the period. Finally, Stephens Inc. AR increased its stake 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 valued at $1,932,000 after buying an additional 18,058 shares during the period.

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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