Red Rock Resorts, Inc. (NASDAQ:RRR) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $56.64.

RRR has been the subject of several analyst reports. Barclays boosted their price target on shares of Red Rock Resorts from $54.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. JMP Securities boosted their price objective on shares of Red Rock Resorts from $55.00 to $57.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Mizuho upgraded shares of Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, June 2nd. JPMorgan Chase & Co. initiated coverage on shares of Red Rock Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $62.00 price objective for the company. Finally, Stifel Nicolaus reduced their price objective on shares of Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, May 2nd.

Red Rock Resorts Stock Up 2.7%

Shares of NASDAQ:RRR traded up $1.41 during trading on Thursday, hitting $54.20. The company's stock had a trading volume of 496,909 shares, compared to its average volume of 690,285. The business has a 50 day moving average price of $51.29 and a two-hundred day moving average price of $47.51. The company has a market capitalization of $5.75 billion, a PE ratio of 21.01, a P/E/G ratio of 3.57 and a beta of 1.62. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.87 and a current ratio of 0.92. Red Rock Resorts has a fifty-two week low of $35.09 and a fifty-two week high of $58.83.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.47 by $0.33. The business had revenue of $497.86 million during the quarter, compared to the consensus estimate of $499.12 million. Red Rock Resorts had a net margin of 8.01% and a return on equity of 56.45%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, research analysts expect that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

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

Institutional Investors Weigh In On Red Rock Resorts

A number of large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its stake in Red Rock Resorts by 0.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 200,906 shares of the company's stock valued at $10,453,000 after acquiring an additional 676 shares during the last quarter. CWM LLC lifted its holdings in Red Rock Resorts by 59.3% in the 2nd quarter. CWM LLC now owns 4,458 shares of the company's stock valued at $232,000 after purchasing an additional 1,659 shares in the last quarter. 111 Capital purchased a new position in Red Rock Resorts in the 2nd quarter valued at about $352,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Red Rock Resorts by 10.7% in 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 in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Red Rock Resorts in the 2nd quarter valued at about $42,000. 47.84% of the stock is owned by institutional investors and hedge funds.

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.