Shares of Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $58.08.
A number of analysts have recently issued reports on RRR shares. JMP Securities dropped their price target on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Barclays cut their price target on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group reissued a “hold” rating and issued a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Truist Financial dropped their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th.
Institutional Trading of Red Rock Resorts
Red Rock Resorts Stock Performance
Red Rock Resorts stock opened at $47.73 on Thursday. The firm’s 50 day simple moving average is $47.47 and its 200 day simple moving average is $52.01. 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 1-year low of $42.46 and a 1-year high of $63.28. The firm has a market capitalization of $5.04 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 5.14 and a beta of 2.01.
Red Rock Resorts (NASDAQ:RRR – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. The firm had revenue of $468.02 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. As a group, analysts expect that Red Rock Resorts will post 1.44 earnings per share for the current fiscal year.
Red Rock Resorts Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. Red Rock Resorts’s dividend payout ratio is currently 37.04%.
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.
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