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

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $57.33.

RRR has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price on Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. JMP Securities decreased their target price 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. Mizuho upped their target price on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Finally, Susquehanna increased their price objective on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Red Rock Resorts

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in shares of Red Rock Resorts by 654.7% during the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock worth $41,000 after buying an additional 766 shares in the last quarter. Quarry LP increased its stake 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 purchasing an additional 930 shares in the last quarter. KBC Group NV increased its stake 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 purchasing an additional 540 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 purchasing an additional 664 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Red Rock Resorts in the 3rd quarter valued at approximately $233,000. 47.84% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Trading Down 0.9 %

NASDAQ:RRR opened at $44.93 on Friday. The stock has a 50-day simple moving average of $48.10 and a 200-day simple moving average of $50.13. The stock has a market cap of $4.76 billion, a P/E ratio of 17.90, a P/E/G ratio of 4.32 and a beta of 2.01. Red Rock Resorts has a 1 year low of $42.33 and a 1 year high of $63.29. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share (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%. As a group, 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts’s dividend payout ratio (DPR) is 39.84%.

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.