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

Red Rock Resorts, Inc. (NASDAQ:RRR) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $57.33.

A number of equities research analysts have issued reports on the stock. Susquehanna increased their target price 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. JMP Securities reduced their price objective on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Truist Financial lowered their target price on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. 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. Finally, Mizuho boosted their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th.

Red Rock Resorts Price Performance

RRR opened at $41.08 on Tuesday. The stock’s 50-day moving average price is $46.01 and its 200 day moving average price is $48.37. Red Rock Resorts has a 12-month low of $35.09 and a 12-month high of $61.73. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 4.32 and a beta of 1.69. 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 issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 expect that Red Rock Resorts will post 1.76 earnings per share for the current year.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.43%. Red Rock Resorts’s dividend payout ratio is currently 39.84%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sterling Capital Management LLC boosted its position in shares of Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock valued at $41,000 after purchasing an additional 766 shares during the period. KBC Group NV lifted its stake in Red Rock Resorts by 37.1% in the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after buying an additional 540 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Red Rock Resorts by 47.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company’s stock valued at $95,000 after acquiring an additional 664 shares during the period. Mayfair Advisory Group LLC grew its position in shares of Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock worth $208,000 after acquiring an additional 591 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at $213,000. Institutional investors and hedge funds 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.