Red Rock Resorts, Inc. (NASDAQ:RRR) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) have been given an average recommendation of "Hold" by the twelve analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $55.33.

RRR has been the subject of a number of research reports. Susquehanna lowered their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a report on Wednesday. Morgan Stanley lowered their price target on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Wednesday. JMP Securities reduced their target price on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a research note on Thursday. Jefferies Financial Group reaffirmed a "hold" rating and set a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Red Rock Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Long Pond Capital LP increased its position in shares of Red Rock Resorts by 142.5% in the fourth 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 during the period. Bamco Inc. NY boosted its position in shares of Red Rock Resorts by 6.9% during the 4th quarter. Bamco Inc. NY now owns 11,356,201 shares of the company's stock worth $525,111,000 after acquiring an additional 732,917 shares in the last quarter. Eminence Capital LP increased its stake in Red Rock Resorts by 36.1% in the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company's stock valued at $95,097,000 after acquiring an additional 546,047 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Red Rock Resorts by 167.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company's stock valued at $19,534,000 after purchasing an additional 264,609 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Red Rock Resorts by 19.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,602,368 shares of the company's stock valued at $69,494,000 after purchasing an additional 258,310 shares during the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Trading Down 0.1 %

NASDAQ:RRR traded down $0.06 during trading hours on Tuesday, hitting $40.70. The stock had a trading volume of 448,460 shares, compared to its average volume of 564,545. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 4.32 and a beta of 1.69. Red Rock Resorts has a one year low of $35.09 and a one year high of $61.73. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The business's 50 day moving average is $45.29 and its 200-day moving average is $48.04.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly 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%. Sell-side analysts anticipate that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Monday, March 17th. Red Rock Resorts's dividend payout ratio (DPR) is currently 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.