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

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have received a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $57.33.

RRR has been the topic of several analyst reports. Mizuho lifted their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Truist Financial reduced their price target on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. JMP Securities reduced their price target on 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. Stifel Nicolaus boosted their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Finally, Susquehanna boosted their price target on Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a report on Wednesday, February 12th.

Red Rock Resorts Stock Down 2.6 %

RRR opened at $51.40 on Monday. The company has a market cap of $5.43 billion, a P/E ratio of 20.48, a P/E/G ratio of 4.32 and a beta of 2.02. The business’s 50-day moving average price is $47.73 and its 200-day moving average price is $51.24. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. Red Rock Resorts has a 12 month low of $42.46 and a 12 month high of $63.28.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. On average, equities analysts expect that Red Rock Resorts will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given 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 1.95%. Red Rock Resorts’s dividend payout ratio is currently 39.84%.

Institutional Trading of Red Rock Resorts

A number of hedge funds have recently made changes to their positions in RRR. Sterling Capital Management LLC boosted its position in shares of Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock worth $41,000 after purchasing an additional 766 shares in the last quarter. Quarry LP lifted its position in Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after acquiring an additional 930 shares in the last quarter. US Bancorp DE lifted its position in Red Rock Resorts by 2,223.9% in the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after acquiring an additional 1,490 shares in the last quarter. KBC Group NV lifted its position in Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after acquiring an additional 540 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company’s stock valued at $95,000 after acquiring an additional 664 shares in the last quarter. 47.84% of the stock is owned by institutional investors.

About Red Rock Resorts

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.