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 Q2 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 206 | Existing positions reduced: 181
1% more call options, than puts
Call options by funds: $969M | Put options by funds: $964M
0.48% more ownership
Funds ownership: 60.07% [Q1] → 60.55% (+0.48%) [Q2]
0% less funds holding
Funds holding: 550 [Q1] → 548 (-2) [Q2]
2% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 81
12% less capital invested
Capital invested by funds: $6.89B [Q1] → $6.07B (-$816M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Wells Fargo Daniel Politzer 76% 1-year accuracy 32 / 42 met price target | 28%upside $125 | Overweight Maintained | 17 Oct 2024 |
Barclays Brandt Montour 68% 1-year accuracy 41 / 60 met price target | 28%upside $125 | Overweight Maintained | 17 Oct 2024 |
Susquehanna Rachael Rothman 0% 1-year accuracy 0 / 1 met price target | 25%upside $122 | Positive Maintained | 11 Oct 2024 |
Morgan Stanley Stephen Grambling 47% 1-year accuracy 8 / 17 met price target | 14%upside $112 | Overweight Maintained | 11 Oct 2024 |
Morgan Stanley Stephen Grambling 47% 1-year accuracy 8 / 17 met price target | 6%upside $104 | Overweight Upgraded | 27 Sept 2024 |
Financial journalist opinion
Based on 19 articles about WYNN published over the past 30 days