Red Rock Resorts (NASDAQ:RRR) Hits New 12-Month Low – Should You Sell?

Red Rock Resorts, Inc. (NASDAQ:RRR)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $42.44 and last traded at $42.44, with a volume of 400006 shares traded. The stock had previously closed at $44.47.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RRR. Stifel Nicolaus increased their price target 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 dropped their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Susquehanna boosted their price target on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a report on Wednesday, February 12th. Mizuho increased their price objective on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Truist Financial dropped their target price 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $57.33.

Red Rock Resorts Trading Down 3.0 %

The firm has a fifty day moving average of $48.20 and a two-hundred day moving average of $50.74. The company has a market cap of $4.57 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. 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 (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. As a group, sell-side analysts predict that Red Rock Resorts, Inc. 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. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, March 17th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 39.84%.

Institutional Trading of Red Rock Resorts

A number of institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its position in shares of Red Rock Resorts by 6.9% during the fourth quarter. Bamco Inc. NY now owns 11,356,201 shares of the company’s stock valued at $525,111,000 after buying an additional 732,917 shares during the period. Vanguard Group Inc. increased its holdings in Red Rock Resorts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock worth $239,576,000 after acquiring an additional 50,193 shares during the period. Eminence Capital LP increased its holdings in Red Rock Resorts by 36.1% during the 4th quarter. Eminence Capital LP now owns 2,056,588 shares of the company’s stock worth $95,097,000 after acquiring an additional 546,047 shares during the period. Long Pond Capital LP lifted its stake in Red Rock Resorts by 142.5% in the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company’s stock worth $68,165,000 after purchasing an additional 866,320 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Red Rock Resorts by 20.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after purchasing an additional 229,843 shares during the period. Hedge funds and other institutional investors own 47.84% of the company’s stock.

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.