Red Rock Resorts (NASDAQ:RRR) Upgraded at Mizuho

Mizuho upgraded shares of Red Rock Resorts (NASDAQ:RRR - Free Report) from a neutral rating to an outperform rating in a research report report published on Monday, MarketBeat reports. Mizuho currently has $50.00 price objective on the stock.

A number of other equities analysts have also weighed in on the stock. Barclays dropped their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. 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. Morgan Stanley decreased their price objective on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Truist Financial cut 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. Finally, Stifel Nicolaus decreased their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.64.

Red Rock Resorts Stock Up 0.2%

RRR traded up $0.11 during trading on Monday, reaching $49.44. The stock had a trading volume of 123,565 shares, compared to its average volume of 677,109. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The stock's 50 day moving average is $43.80 and its two-hundred day moving average is $46.43. Red Rock Resorts has a one year low of $35.09 and a one year high of $61.73. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 4.32 and a beta of 1.64.

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

Red Rock Resorts Announces Dividend

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

Hedge Funds Weigh In On Red Rock Resorts

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in Red Rock Resorts by 1.3% in the first quarter. Rhumbline Advisers now owns 73,332 shares of the company's stock worth $3,180,000 after purchasing an additional 906 shares in the last quarter. WBI Investments LLC purchased a new stake in shares of Red Rock Resorts during the 1st quarter worth $210,000. Bayforest Capital Ltd raised its holdings in Red Rock Resorts by 1,011.1% in the first quarter. Bayforest Capital Ltd now owns 19,366 shares of the company's stock worth $840,000 after purchasing an additional 17,623 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Red Rock Resorts by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company's stock worth $4,609,000 after acquiring an additional 4,699 shares in the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in Red Rock Resorts in the first quarter valued at approximately $204,000. 47.84% of the stock is owned by hedge funds and other institutional investors.

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.