Wynn Resorts Ltd. (NASDAQ:WYNN)’s share price fell 2% on Thursday . The stock traded as low as $98.25 and last traded at $99.26, with a volume of 1,946,775 shares changing hands. The stock had previously closed at $101.33.

A number of research firms recently weighed in on WYNN. Gabelli restated a “buy” rating on shares of Wynn Resorts in a report on Sunday, May 8th. Wells Fargo & Co. restated a “hold” rating on shares of Wynn Resorts in a report on Saturday, June 4th. Zacks Investment Research lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Deutsche Bank AG restated a “hold” rating on shares of Wynn Resorts in a report on Sunday, June 26th. Finally, Vetr upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $103.36 target price on the stock in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $97.35.

The stock has a 50 day moving average of $96.99 and a 200-day moving average of $91.23. The stock has a market cap of $9.88 billion and a price-to-earnings ratio of 30.13.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. On average, equities analysts anticipate that Wynn Resorts Ltd. will post $3.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $2.00 annualized dividend and a yield of 2.05%.

Several hedge funds and institutional investors recently added to or reduced their stakes in WYNN. Schwab Charles Investment Management Inc. boosted its position in Wynn Resorts by 6.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 312,975 shares of the casino operator’s stock valued at $21,655,000 after buying an additional 19,803 shares during the last quarter. Stephens Inc. AR boosted its position in 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 last quarter. Andra AP fonden boosted its position in 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 last quarter. Finally, Bank of Montreal Can boosted its position in 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 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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