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

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 up 0.5%. By the end of trading, Wynn Resorts fell $1.19 (-1.1%) to $110.26 on light volume. Throughout the day, 1.1 million shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $109.13-$112.63 after having opened the day at $111.75 as compared to the previous trading day's close of $111.45. Other companies within the Leisure industry that declined today were: Country Style Cooking Restaurant Chain ( CCSC), down 7.4%, Denny's Corporation ( DENN), down 3.5%, Cosi ( COSI), down 3.1%, and Asia Entertainment & Resources ( AERL), down 3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $11.06 billion and is part of the services sector. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Thursday. Currently there are nine 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 revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk.

On the positive front, Good Times Restaurants ( GTIM), up 40.5%, Gaylord Entertainment ( GET), up 9.3%, Ryman Hospitality Properties ( RHP), up 9.3%, and Century Casinos ( CNTY), up 6.3%, were all gainers within the leisure industry with Melco Crown Entertainment ( MPEL) 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).

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

China's Golden Week Holiday Set to Unleash Gambling Explosion

Opposition Party Makes Political Gains in Macau, Changes in Governance Possible

When it Drops, it's Time to Shop: Cramer's 'Mad Money' Recap (Tuesday 9/12/17)

RH, Walt Disney, Wynn Resorts, Nvidia: 'Mad Money' Lightning Round

Typhoon Hato Washes Out Macau With 124 mph Winds, Dries Out Casino Stocks