Traders Purchase Large Volume of Wynn Resorts Call Options (NASDAQ:WYNN)

Posted by Brenda Bartman on Aug 5th, 2026

Wynn Resorts, Limited (NASDAQ:WYNN – Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 45,454 call options on the stock. This is an increase of 684% compared to the average daily volume of 5,799 call options.

Wall Street Analyst Weigh In

WYNN has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $128.00 price target on shares of Wynn Resorts in a report on Wednesday, July 22nd. Susquehanna decreased their price target on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Wynn Resorts in a research report on Wednesday, June 24th. Mizuho cut their price target on Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $143.00 price objective on Wynn Resorts in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.12.

View Our Latest Stock Report on WYNN

Institutional Trading of Wynn Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors lifted its stake in shares of Wynn Resorts by 0.6% in the fourth quarter. Capital World Investors now owns 9,542,392 shares of the casino operator’s stock worth $1,148,236,000 after acquiring an additional 61,209 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Wynn Resorts by 9.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock worth $442,890,000 after buying an additional 320,502 shares in the last quarter. Egerton Capital UK LLP bought a new position in shares of Wynn Resorts during the 4th quarter worth about $249,053,000. Invesco Ltd. increased its stake in Wynn Resorts by 14.2% during the 4th quarter. Invesco Ltd. now owns 2,011,462 shares of the casino operator’s stock valued at $242,039,000 after purchasing an additional 249,704 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Wynn Resorts by 17.4% in the first quarter. Renaissance Technologies LLC now owns 1,239,956 shares of the casino operator’s stock valued at $125,918,000 after purchasing an additional 184,000 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Key Stories Impacting Wynn Resorts

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

Positive Sentiment: Quarterly results exceeded expectations: Wynn reported adjusted earnings of $1.24 per share versus the $0.99 consensus estimate, while revenue rose 6.9% year over year to $1.86 billion, above expectations of $1.83 billion. Net income more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Second Quarter 2026 Results
Positive Sentiment: Macau and luxury-market performance supported growth: Wynn Palace revenue climbed 21.1% to $653.4 million, while Wynn Macau revenue also increased. Strength among wealthy customers, solid Las Vegas demand and healthy group and convention bookings helped reinforce the company’s outlook. Wynn Resorts Q2 Earnings and Revenues Beat
Positive Sentiment: Future UAE catalyst gains visibility: Wynn confirmed that its Wynn Al Marjan Island resort is targeted to open in September 2027, giving investors a defined long-term growth milestone. The company also repurchased approximately $75 million of stock and declared a $0.25 quarterly dividend. Wynn Sets September 2027 Opening for UAE Casino Resort
Neutral Sentiment: Unusually heavy call-option activity—45,454 calls purchased versus average volume of 5,799—signals bullish speculative interest, but does not guarantee sustained buying.
Negative Sentiment: Wells Fargo lowered its price target from $141 to $131, despite retaining an overweight rating. JPMorgan also flagged potentially higher UAE capital spending, while concerns about China’s anti-graft campaign remain a risk for Macau operations. Wynn UAE Capital Spending Outlook

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock traded up $4.48 during trading on Wednesday, hitting $102.08. 2,651,963 shares of the stock traded hands, compared to its average volume of 1,570,206. The company has a fifty day moving average price of $100.50 and a two-hundred day moving average price of $103.95. Wynn Resorts has a twelve month low of $92.52 and a twelve month high of $134.72. The stock has a market cap of $10.60 billion, a P/E ratio of 30.51, a PEG ratio of 0.97 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN – Get Free Report) last issued its earnings results on Tuesday, August 4th. The casino operator reported $1.24 EPS for the quarter, topping the consensus estimate of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $1.09 earnings per share. Wynn Resorts’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that Wynn Resorts will post 4.49 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is currently 29.85%.

About Wynn Resorts

(Get Free Report)

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.