Red Rock Resorts, Inc. (NASDAQ:RRR) Given Consensus Rating of “Hold” by Analysts

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have been given an average recommendation of “Hold” by the twelve brokerages that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $57.33.

A number of equities analysts recently commented on the stock. JMP Securities decreased their target price 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. Mizuho boosted their target price on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Stifel Nicolaus increased their target price on Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Susquehanna boosted their price objective on Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd.

Red Rock Resorts Price Performance

RRR opened at $44.64 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The stock has a market capitalization of $4.73 billion, a P/E ratio of 17.78, a PEG ratio of 4.32 and a beta of 2.01. The stock has a 50-day moving average price of $48.14 and a 200-day moving average price of $49.77. Red Rock Resorts has a 12-month low of $42.33 and a 12-month high of $63.29.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results 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%. Equities analysts predict that Red Rock Resorts will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. Red Rock Resorts’s payout ratio is 39.84%.

Institutional Trading of Red Rock Resorts

Large investors have recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in Red Rock Resorts during the fourth quarter valued at approximately $1,826,000. Voloridge Investment Management LLC increased its stake in shares of Red Rock Resorts by 63.4% in the 4th quarter. Voloridge Investment Management LLC now owns 229,792 shares of the company’s stock worth $10,626,000 after purchasing an additional 89,169 shares in the last quarter. ProShare Advisors LLC raised its holdings in Red Rock Resorts by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 13,855 shares of the company’s stock worth $641,000 after purchasing an additional 4,560 shares during the period. Malaga Cove Capital LLC raised its holdings in Red Rock Resorts by 46.8% in the 4th quarter. Malaga Cove Capital LLC now owns 13,377 shares of the company’s stock worth $619,000 after purchasing an additional 4,263 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in Red Rock Resorts during the fourth quarter valued at $269,000. 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.