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

Wynn Resorts ( WYNN) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole was unchanged today. By the end of trading, Wynn Resorts fell $1.18 (-1.1%) to $101.53 on light volume. Throughout the day, 983,990 shares of Wynn Resorts exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $101.30-$103.14 after having opened the day at $102.34 as compared to the previous trading day's close of $102.71. Other companies within the Leisure industry that declined today were: Dover Motorsports ( DVD), down 6%, Canterbury Park Holding Corporation ( CPHC), down 5.3%, Good Times Restaurants ( GTIM), down 4.4%, and Speedway Motorsports ( TRK), down 4.2%.

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 $10.32 billion and is part of the services sector. The company has a P/E ratio of 21.8, above the average leisure industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7. Shares are down 7.1% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Wynn Resorts as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Pizza Inn Holdings ( PZZI), up 14.6%, Asia Entertainment & Resources ( AERL), up 14.3%, Red Robin Gourmet Burgers ( RRGB), up 12.4%, and Brinker International ( EAT), up 5.7%, were all gainers within the leisure industry with Starwood Hotels & Resorts Worldwide ( HOT) being today's featured leisure industry leader.

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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