JPMorgan Chase & Co. began coverage on shares of Red Rock Resorts (NASDAQ:RRR - Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued an overweight rating and a $62.00 price objective on the stock.
A number of other equities research analysts have also commented on RRR. Stifel Nicolaus lowered their price target on 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. Truist Financial lowered their target price on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Macquarie restated an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a report on Friday, May 2nd. JMP Securities reduced their price objective on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Finally, 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 note on Monday, June 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.00.
Get Our Latest Research Report on RRR
Red Rock Resorts Stock Down 0.7%
NASDAQ RRR traded down $0.36 on Monday, hitting $51.19. 495,737 shares of the company were exchanged, compared to its average volume of 597,411. The stock has a fifty day moving average of $46.64 and a 200-day moving average of $46.42. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $61.73. The company has a market cap of $5.43 billion, a PE ratio of 19.84, a PEG ratio of 5.41 and a beta of 1.61. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 9.04.
Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a net margin of 8.01% and a return on equity of 56.45%. The business had revenue of $497.86 million during the quarter, compared to the consensus estimate of $499.12 million. During the same quarter last year, the firm posted $0.68 EPS. Red Rock Resorts's revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that Red Rock Resorts will post 1.76 earnings per share for the current year.
Red Rock Resorts Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $1.00 dividend. This represents a dividend yield of 2.29%. The ex-dividend date is Monday, June 16th. Red Rock Resorts's dividend payout ratio is presently 38.76%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in RRR. Sterling Capital Management LLC boosted its position in shares of Red Rock Resorts by 654.7% during the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after buying an additional 766 shares during the last quarter. Pandora Wealth Inc. bought a new position in Red Rock Resorts in the 1st quarter worth $43,000. US Bancorp DE lifted its holdings in Red Rock Resorts by 1,664.4% during the first quarter. US Bancorp DE now owns 1,041 shares of the company's stock valued at $45,000 after purchasing an additional 982 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Red Rock Resorts in the 1st quarter worth $89,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 worth $95,000 after acquiring an additional 664 shares during the period. Hedge funds and other institutional investors own 47.84% of the company's stock.
About Red Rock Resorts
(
Get Free Report)
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.
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