32,650 Shares in Wynn Resorts, Limited $WYNN Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, HoldingsChannel reports. The fund purchased 32,650 shares of the casino operator’s stock, valued at approximately $3,171,000.

Several other institutional investors have also bought and sold shares of the business. Hantz Financial Services Inc. grew its stake in shares of Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Horizon Investments LLC raised its position in shares of Wynn Resorts by 6.7% during the 4th quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock valued at $180,000 after buying an additional 94 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Wynn Resorts by 4.9% in the 1st quarter. QRG Capital Management Inc. now owns 2,071 shares of the casino operator’s stock valued at $210,000 after acquiring an additional 96 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Wynn Resorts by 21.6% in the 3rd quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after acquiring an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Wynn Resorts by 23.5% in the fourth quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock worth $67,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial started coverage on Wynn Resorts in a research note on Wednesday, July 8th. They set a “buy” rating and a $125.00 price objective on the stock. Wolfe Research initiated coverage on Wynn Resorts in a report on Wednesday. They issued an “outperform” rating and a $128.00 target price for the company. Barclays increased their price target on Wynn Resorts from $134.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price target on Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $120.00 price objective on shares of Wynn Resorts in a research report on Wednesday, July 15th. One equities research 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 company. Based on data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Wynn Resorts Stock Up 1.0%

WYNN opened at $91.52 on Thursday. The business has a fifty day moving average of $98.24 and a 200 day moving average of $101.86. The stock has a market cap of $9.42 billion, a P/E ratio of 22.71, a PEG ratio of 1.09 and a beta of 1.00. Wynn Resorts, Limited has a 52-week low of $89.44 and a 52-week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Wynn Resorts, Limited will post 4.55 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Wynn Resorts’s dividend payout ratio (DPR) is presently 24.81%.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.