Red Rock Resorts, Inc. (NASDAQ:RRR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $52.64.

RRR has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho upgraded shares of Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 price target for the company in a research note on Monday, June 2nd. Macquarie reiterated an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a research note on Friday, May 2nd. Finally, Barclays decreased their price target on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd.

Hedge Funds Weigh In On Red Rock Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RRR. Sterling Capital Management LLC boosted its stake in Red Rock Resorts by 654.7% during 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. Pandora Wealth Inc. bought a new position in shares of Red Rock Resorts during the 1st quarter worth approximately $43,000. US Bancorp DE lifted its position in shares of Red Rock Resorts by 1,664.4% during the 1st quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after buying an additional 982 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Red Rock Resorts during the 1st quarter valued at $89,000. Finally, KBC Group NV lifted its stake in shares of Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after acquiring an additional 540 shares during the period. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Trading Up 1.3%

Shares of NASDAQ RRR traded up $0.64 during midday trading on Wednesday, hitting $50.04. The company's stock had a trading volume of 393,580 shares, compared to its average volume of 583,609. The business's 50 day moving average is $44.08 and its two-hundred day moving average is $46.43. 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 12-month low of $35.09 and a 12-month high of $61.73. The firm has a market cap of $5.31 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 4.32 and a beta of 1.61.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.33. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The company had revenue of $497.86 million during the quarter, compared to the consensus estimate of $499.12 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm's quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts expect that Red Rock Resorts will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $1.00 per share. This represents a yield of 2.29%. The ex-dividend date is Monday, June 16th. Red Rock Resorts's payout ratio is 38.76%.

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.