Wynn ResortsWYNN
About: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and the US, respectively.
Employees: 27,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
350% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 9 (+7) [Q3]
19% more call options, than puts
Call options by funds: $2B | Put options by funds: $1.68B
12% more capital invested
Capital invested by funds: $6.21B [Q2] → $6.97B (+$760M) [Q3]
2.96% more ownership
Funds ownership: 61.91% [Q2] → 64.86% (+2.96%) [Q3]
3% less funds holding
Funds holding: 549 [Q2] → 533 (-16) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 202
15% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 106
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Macquarie Chad Beynon 74% 1-year accuracy 28 / 38 met price target | 32%upside $120 | Outperform Maintained | 5 Nov 2024 |
JP Morgan Joseph Greff 33% 1-year accuracy 7 / 21 met price target | 25%upside $113 | Overweight Maintained | 5 Nov 2024 |
Wells Fargo Daniel Politzer 62% 1-year accuracy 33 / 53 met price target | 34%upside $122 | Overweight Maintained | 5 Nov 2024 |
Barclays Brandt Montour 60% 1-year accuracy 44 / 73 met price target | 31%upside $119 | Overweight Maintained | 5 Nov 2024 |
Deutsche Bank Carlo Santarelli 60% 1-year accuracy 6 / 10 met price target | 30%upside $118 | Buy Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 16 articles about WYNN published over the past 30 days
