Red Rock Resorts (NASDAQ:RRR) Given New $52.00 Price Target at Mizuho

Red Rock Resorts (NASDAQ:RRR) had its target price lifted by Mizuho from $44.00 to $52.00 in a research note published on Wednesday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial cut their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their target price on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. JMP Securities decreased their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna reduced their price objective on shares of Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating for the company in a research note on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Red Rock Resorts currently has a consensus rating of “Hold” and a consensus target price of $57.33.

Red Rock Resorts Stock Up 1.3 %

NASDAQ RRR opened at $51.57 on Wednesday. The company has a 50 day moving average of $47.34 and a 200-day moving average of $51.35. 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 company has a market cap of $5.45 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 5.28 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. On average, equities research analysts expect that Red Rock Resorts will post 1.44 earnings per share for the current fiscal year.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. Red Rock Resorts’s payout ratio is 37.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RRR. Barclays PLC lifted its stake in Red Rock Resorts by 227.9% during the 3rd quarter. Barclays PLC now owns 78,932 shares of the company’s stock valued at $4,297,000 after acquiring an additional 54,863 shares during the period. GSA Capital Partners LLP purchased a new stake in Red Rock Resorts in the 3rd quarter worth $842,000. Westfield Capital Management Co. LP grew its holdings in shares of Red Rock Resorts by 3.5% during the third quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after buying an additional 38,443 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Red Rock Resorts by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company’s stock worth $4,856,000 after buying an additional 14,148 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Red Rock Resorts by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock worth $63,776,000 after buying an additional 14,029 shares in the last quarter. Hedge funds and other institutional investors own 47.84% of the company’s stock.

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.