Wynn Resorts (NASDAQ:WYNN) Hits New 1-Year Low Following Analyst Downgrade

Posted by George Bondi on Oct 15th, 2026

Wynn Resorts, Limited (NASDAQ:WYNN – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday after Citigroup lowered their price target on the stock from $135.00 to $103.00. Citigroup currently has a buy rating on the stock. Wynn Resorts traded as low as $73.07 and last traded at $74.96, with a volume of 2,027,800 shares trading hands. The stock had previously closed at $75.15.

WYNN has been the topic of several other research reports. Wells Fargo & Company dropped their price target on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $120.00 price objective on Wynn Resorts in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wynn Resorts in a research report on Monday, September 21st. Mizuho decreased their price objective on Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. lowered their target price on Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.12.

Check Out Our Latest Stock Report on Wynn Resorts

Hedge Funds Weigh In On Wynn Resorts

A number of large investors have recently bought and sold shares of WYNN. BlackRock Inc. acquired a new stake in shares of Wynn Resorts in the second quarter valued at about $609,566,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Wynn Resorts during the second quarter worth about $321,402,000. Alyeska Investment Group L.P. purchased a new stake in Wynn Resorts during the second quarter worth about $99,277,000. Bank of America Corp DE acquired a new position in Wynn Resorts during the second quarter worth about $74,504,000. Finally, Bamco Inc. NY acquired a new position in Wynn Resorts during the second quarter worth about $67,219,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

The firm’s 50-day simple moving average is $88.82 and its two-hundred day simple moving average is $96.91. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. On average, analysts expect that Wynn Resorts, Limited will post 4.55 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. Wynn Resorts’s dividend payout ratio (DPR) is presently 24.81%.

About Wynn Resorts

(Get Free Report)

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts that combine casino gaming, hotel accommodations, fine dining, entertainment, retail, and convention facilities. Its properties are designed to serve leisure travelers, convention visitors, and gaming customers.

The company operates Wynn and Encore resorts in Las Vegas, Nevada; Wynn Macau and Wynn Palace in Macau; and Encore Boston Harbor in Everett, Massachusetts. These properties offer casino floors, guest rooms and suites, restaurants, spas, theaters and other amenities, with operations serving customers from the United States, China and international markets.

Wynn Resorts was founded in 2002 by Steve Wynn, who previously helped develop major casino resorts in Las Vegas and Macau.