Wynn Resorts Ltd. (NASDAQ:WYNN) traded down 3.8% on Wednesday . The stock traded as low as $92.61 and last traded at $92.74, with a volume of 3,121,106 shares traded. The stock had previously closed at $96.39.

Several equities research analysts have weighed in on the company. Vetr raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $103.36 target price on the stock in a research report on Monday, August 1st. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wynn Resorts in a research report on Sunday, June 26th. Morgan Stanley raised Wynn Resorts from an “underweight” rating to an “equal weight” rating in a research report on Friday, June 3rd. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Wynn Resorts in a research report on Saturday, June 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $97.35.

The firm has a market capitalization of $9.21 billion and a PE ratio of 28.10. The stock has a 50 day moving average of $97.12 and a 200 day moving average of $92.13.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data 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. During the same quarter in the previous year, the firm posted $0.74 EPS. The business 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. On average, analysts predict that Wynn Resorts Ltd. will post $3.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $2.00 annualized dividend and a yield of 2.20%.

An institutional investor recently raised its position in Wynn Resorts stock. Stephens Inc. AR raised its stake in shares of Wynn Resorts Ltd. (NASDAQ:WYNN) by 183.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,928 shares of the casino operator’s stock after buying an additional 18,058 shares during the period. Stephens Inc. AR’s holdings in Wynn Resorts were worth $1,932,000 as of its most recent filing with the SEC.

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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