Wynn Resorts (NASDAQ:WYNN) Stock Rating Lowered by Wall Street Zen

Wynn Resorts (NASDAQ:WYNN) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently weighed in on WYNN. Stifel Nicolaus set a $110.00 target price on Wynn Resorts in a report on Friday. Susquehanna reiterated a “positive” rating and set a $95.00 price target on shares of Wynn Resorts in a research report on Friday. Truist Financial lowered their target price on shares of Wynn Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Wolfe Research began coverage on shares of Wynn Resorts in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $128.00 price target on the stock. Finally, Citigroup lowered their price objective on shares of Wynn Resorts from $135.00 to $103.00 and set a “buy” rating for the company in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.24.

Wynn Resorts Stock Performance

WYNN opened at $83.11 on Friday. Wynn Resorts has a 1 year low of $70.79 and a 1 year high of $134.72. The company’s 50 day simple moving average is $80.68 and its 200 day simple moving average is $97.68. The stock has a market capitalization of $8.56 billion, a PE ratio of 24.81, a P/E/G ratio of 0.93 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, November 5th. The casino operator reported $0.33 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.19). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.75 billion. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. As a group, sell-side analysts expect that Wynn Resorts will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wynn Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Operose Advisors LLC boosted its position in Wynn Resorts by 400.0% during the second quarter. Operose Advisors LLC now owns 500 shares of the casino operator’s stock valued at $49,000 after purchasing an additional 400 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Wynn Resorts by 18.5% during the 1st quarter. Parallel Advisors LLC now owns 756 shares of the casino operator’s stock valued at $77,000 after acquiring an additional 118 shares during the period. Optiver Holding B.V. acquired a new position in Wynn Resorts during the 1st quarter valued at about $90,000. GKV Capital Management Co. Inc. bought a new position in Wynn Resorts during the first quarter valued at about $102,000. Finally, Allworth Financial LP bought a new position in shares of Wynn Resorts in the second quarter worth $108,000. 88.64% of the stock is owned by institutional investors.

Key Stories Impacting Wynn Resorts

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn said its Al Marjan Island resort in the UAE remains on track for a September 2027 opening. Continued progress may support its longer-term growth outlook, though the project requires substantial additional equity funding. Article: Wynn outlines remaining Al Marjan equity
• Positive Sentiment: The company declared a quarterly cash dividend of $0.25 per share, payable November 30 to shareholders of record November 16. Article: Wynn Resorts declares quarterly cash dividend
• Neutral Sentiment: Several analysts lowered price targets after the results but maintained positive ratings. Deutsche Bank kept Buy at $116; Macquarie retained Outperform at $128; Barclays and Wells Fargo maintained Overweight at $120 and $122, respectively. Other target cuts included Jefferies to $132 and Mizuho to $129. The ratings remain supportive, but the reductions reflect a more cautious outlook. Article: Deutsche Bank adjusts Wynn Resorts price target
• Negative Sentiment: Third-quarter revenue fell 7.9% year over year to $1.69 billion, missing estimates, and EPS of $0.33 also came in below expectations and was down from $0.86 a year earlier. Softer Macau gaming, unfavorable Las Vegas hold and Boston labor disruptions weighed on results, with declines reported across all four operating segments. Article: Wynn Resorts Q3 earnings miss estimates
• Negative Sentiment: Wynn is maintaining its UAE opening timetable amid war-related uncertainty, while the project’s rising investment and remaining equity needs add funding and execution risk. Article: Wynn holds UAE casino date amid war

Wynn Resorts Company Profile

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.