Sara Lee, Wynn Resorts: S&P Gainers

NEW YORK ( TheStreet) -- Sara Lee ( SLE) and Wynn Resorts ( WYNN) were among the best-performing stocks in the S&P 500 on Friday.

The S&P 500 fell 4.23 points, or 0.31%, on Friday to close at 1,369.86.

Shares of Sara Lee rose 7.06% on Friday to $21.83. The food products company said Friday that it expects its coffee and tea division to be spun out by the end of this June. The company will pay a $3 a share dividend in this spinoff.

Shares of Sara Lee hit a 52-week high Friday of $22.04. The stock's 52-week low of $15.66 was set on Oct. 4.

Sara Lee shares were trading at almost six times the stock's average daily trading volume of 4.74 million on Friday.

Sara Lee has an estimated price-to-earnings ratio for next year of 20.14X; the average for food products companies is 13.37X. For comparison, both General Mills ( GIS) and Kellogg ( K) have lower forward P/Es of 13.73X and 13.8X, respectively.

Seven of the 14 analysts who cover Sara Lee rate it a buy. Six analysts give the stock a hold rating and one rates it at sell.

TheStreet Ratings gives Sara Lee a B grade with a buy rating and $24.92 price target. The stock has risen 15.38% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Shares of Wynn Resorts rose 4.27% to $127.27 on heavy volume. The gaming company incorrectly filed a Form 8-K with the Securities and Exchange Commission on Friday, claiming it had approval to build a Macau casino. Wynn Resorts acknowledged the error in a subsequent filing with the SEC.

"A Current Report regarding the gazetting of the Cotai Land Concession Contract on Form 8-K (the "Land Concession 8-K") was filed by mistake by the Company's agent," Wynn said in its follow-up filing. "The filing was not authorized by the Company. The Cotai Land Concession Contract has not been gazetted. The purpose of this filing is to retract the Land Concession 8-K in its entirety."

Wynn Resorts has an estimated price-to-earnings ratio for next year of 18.94X; the average for gambling companies is 14.89X. For comparison, Las Vegas Sands ( LVS) has a lower forward P/E of 18.68X.

Thirteen of the 25 analysts who cover Wynn Resorts rated it a buy. Eleven analysts give the stock a hold rating and one rates it sell.

TheStreet Ratings gives Wynn Resorts a B grade with a buy rating and $134.71 price target. The stock has risen 16.22% year to date.


The other top performers in the S&P 500 were:
  • Sears Holdings (SHLD): The stock rose 9.71% on Friday to $75.96. The stock has increased 139.02% year to date. TheStreet Ratings gives Sears Holdings a D grade and sell rating.
  • International Game Technology (IGT): The stock increased 4.78% on Friday to $15.55. The stock has fallen 9.59% year to date. TheStreet Ratings gives International Game Technology a C+ grade and hold rating.
  • Cablevision (CVC): The stock rose 4.61% to $14.76 on Friday. The stock has increased 3.8% year to date. TheStreet Ratings gives Cablevision a C grade and hold rating.
  • CarMax (KMX): The stock increased 3.6% on Friday to $32.24. The stock has risen 5.77% year to date. TheStreet Ratings gives CarMax a B grade with a buy rating and $34.90 price target.
  • Dean Foods (DF): The stock rose 2.56% on Friday to $12.40. The stock has increased 10.71% year to date. TheStreet Ratings gives Dean Foods a D+ grade and sell rating.
  • Tyson Foods (TSN): The stock increased 2.26% on Friday to $19.43. The stock has fallen 5.86% year to date. TheStreet Ratings gives Tyson Foods a B grade with a buy rating and $24.68 price target.
  • Netflix (NFLX): The stock rose 2.08% year to date to $115.10. The stock has increased 66.11% year to date. TheStreet Ratings gives Netflix a C+ grade and hold rating.
  • Goodyear Tire & Rubber (GT): The stock increased 2.02% on Friday to $13.12. The stock has fallen 7.41% year to date. TheStreet Ratings gives Goodyear Tire & Rubber a C grade and hold rating.

-- Written by Alexandra Zendrian in New York.

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Investing

Abiomed Stock Should Rise Some 10% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 10% From Here, Piper Jaffray Analyst Says

What Internet Sales Tax Ruling? Amazon Still Headed to $1,850

What Internet Sales Tax Ruling? Amazon Still Headed to $1,850

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

General Electric's Stock Still Headed Lower: Goldman Sachs

General Electric's Stock Still Headed Lower: Goldman Sachs