Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $56.64.
A number of analysts have issued reports on RRR shares. Citigroup reissued an "outperform" rating on shares of Red Rock Resorts in a research report on Friday, July 18th. Stifel Nicolaus decreased their price objective on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating on the stock in a research note on Friday, May 2nd. JMP Securities boosted their price objective on Red Rock Resorts from $55.00 to $57.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Macquarie reiterated an "outperform" rating and set a $58.00 price objective on shares of Red Rock Resorts in a research note on Friday, May 2nd. Finally, Susquehanna boosted their target price on Red Rock Resorts from $52.00 to $65.00 and gave the stock a "positive" rating in a research report on Thursday.
Check Out Our Latest Research Report on RRR
Red Rock Resorts Stock Up 2.7%
Shares of RRR stock traded up $1.41 during trading hours on Thursday, reaching $54.20. The company had a trading volume of 496,909 shares, compared to its average volume of 779,828. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.92 and a quick ratio of 0.87. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.54 and a beta of 1.62. The business has a fifty day simple moving average of $51.44 and a 200-day simple moving average of $47.60. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $58.83.
Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The business had revenue of $497.86 million for the quarter, compared to analysts' expectations of $499.12 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's revenue was up 1.8% on a year-over-year basis. On average, research analysts expect 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 disclosed an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $1.00 dividend. This represents a dividend yield of 2.29%. The ex-dividend date was Monday, June 16th. Red Rock Resorts's payout ratio is currently 38.76%.
Hedge Funds Weigh In On Red Rock Resorts
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY grew its holdings in shares of Red Rock Resorts by 6.9% in the fourth quarter. Bamco Inc. NY now owns 11,356,201 shares of the company's stock worth $525,111,000 after purchasing an additional 732,917 shares during the last quarter. Vanguard Group Inc. raised its position 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 valued at $239,576,000 after purchasing an additional 50,193 shares during the last quarter. Eminence Capital LP raised its position in Red Rock Resorts by 20.5% during the 1st quarter. Eminence Capital LP now owns 2,478,311 shares of the company's stock valued at $107,484,000 after purchasing an additional 421,723 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Red Rock Resorts by 10.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,773,603 shares of the company's stock valued at $92,281,000 after purchasing an additional 171,235 shares during the last quarter. Finally, Long Pond Capital LP raised its position in Red Rock Resorts by 142.5% during the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock valued at $68,165,000 after purchasing an additional 866,320 shares during the last quarter. 47.84% of the stock is currently owned by hedge funds and other institutional investors.
About Red Rock Resorts
(
Get Free ReportRed 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.
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