Wynn Resorts Ltd (WYNN): Today's Featured Leisure Laggard - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Wynn Resorts

(

WYNN

) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Wynn Resorts fell $2.48 (-1.9%) to $129.69 on heavy volume. Throughout the day, 3,067,394 shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1,275,100 shares. The stock ranged in price between $127.37-$133.61 after having opened the day at $132.98 as compared to the previous trading day's close of $132.17. Other companies within the Leisure industry that declined today were:

Chanticleer Holdings

(

HOTR

), down 7.7%,

Melco Crown Entertainment

(

MPEL

), down 4.1%,

Brinker International

(

EAT

), down 3.8% and

Carrols Restaurant Group

(

TAST

), down 3.7%.

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Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. Wynn Resorts has a market cap of $13.9 billion and is part of the services sector. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7. Shares are up 22.6% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Wynn Resorts

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

Asia Entertainment & Resources

(

AERL

), down 8.2%,

Marcus Corporation

(

MCS

), down 6.6%,

Famous Dave's of America

(

DAVE

), down 5.2% and

PokerTek

(

PTEK

), down 4.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider

PowerShares Dynamic Leisure&Entert

(

PEJ

) while those bearish on the leisure industry could consider

ProShares Ultra Sht Consumer Services

(

SCC

).

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