Red Rock Resorts, Inc. (NASDAQ:RRR) Given Average Recommendation of “Hold” by Brokerages

Red Rock Resorts, Inc. (NASDAQ:RRR) has received an average rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $57.33.

RRR has been the subject of several research analyst reports. Mizuho increased their target price on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Susquehanna upped their price target on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research note on Wednesday, February 12th. JMP Securities lowered their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Truist Financial cut their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus boosted their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th.

Red Rock Resorts Stock Performance

Shares of NASDAQ RRR opened at $44.64 on Friday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. Red Rock Resorts has a 1 year low of $42.33 and a 1 year high of $63.29. The firm has a fifty day moving average price of $48.14 and a 200-day moving average price of $49.77. The stock has a market cap of $4.73 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Equities analysts anticipate that Red Rock Resorts will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. Red Rock Resorts’s payout ratio is currently 39.84%.

Institutional Trading of Red Rock Resorts

A number of large investors have recently made changes to their positions in the business. Barclays PLC grew its position in Red Rock Resorts by 227.9% in the third quarter. Barclays PLC now owns 78,932 shares of the company’s stock worth $4,297,000 after acquiring an additional 54,863 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Red Rock Resorts by 3.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock valued at $61,763,000 after purchasing an additional 38,443 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Red Rock Resorts by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company’s stock valued at $4,856,000 after purchasing an additional 14,148 shares during the last quarter. Ring Mountain Capital LLC purchased a new stake in Red Rock Resorts during the 4th quarter valued at $487,000. Finally, OFI Invest Asset Management bought a new stake in Red Rock Resorts in the fourth quarter worth $2,054,000. 47.84% of the stock is currently owned by institutional investors.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.