Shares of Red Rock Resorts Inc (NASDAQ:RRR) have earned an average rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.67.
Several brokerages recently weighed in on RRR. TheStreet upgraded VEON from a “d+” rating to a “c-” rating in a research note on Thursday, July 11th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 target price (down previously from $7.50) on shares of Tile Shop in a research note on Wednesday, May 1st. Goldman Sachs Group upgraded Las Vegas Sands to a “buy” rating in a research note on Tuesday, June 11th. Macquarie initiated coverage on SK Telecom in a research report on Tuesday, May 21st. They issued an “outperform” rating for the company. Finally, Deutsche Bank downgraded Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call.
In other Red Rock Resorts news, insider Joseph J. Hasson sold 12,891 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $23.24, for a total value of $299,586.84. Following the completion of the sale, the insider now owns 12,891 shares in the company, valued at approximately $299,586.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Quadrant L P CA acquired a new position in shares of Red Rock Resorts in the 1st quarter worth approximately $42,000. Legal & General Group Plc raised its holdings in shares of Red Rock Resorts by 20.7% in the 4th quarter. Legal & General Group Plc now owns 30,137 shares of the company’s stock worth $612,000 after buying an additional 5,176 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Red Rock Resorts by 39.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 18,626 shares of the company’s stock worth $378,000 after buying an additional 5,244 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in shares of Red Rock Resorts by 151.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock worth $252,000 after buying an additional 5,900 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Red Rock Resorts in the 1st quarter worth approximately $222,000. 61.82% of the stock is owned by institutional investors and hedge funds.
NASDAQ:RRR traded down $0.43 during mid-day trading on Tuesday, hitting $22.12. 386,880 shares of the company’s stock traded hands, compared to its average volume of 439,166. The firm’s 50 day moving average price is $21.77. Red Rock Resorts has a 12 month low of $18.78 and a 12 month high of $36.80. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 16.89 and a beta of 2.11. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 3.52.
Red Rock Resorts (NASDAQ:RRR) last announced its earnings results on Tuesday, April 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.16). Red Rock Resorts had a net margin of 6.89% and a return on equity of 10.08%. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $445.50 million. During the same quarter in the previous year, the company earned $0.65 EPS. Red Rock Resorts’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Red Rock Resorts will post 0.84 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.10 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.81%. Red Rock Resorts’s dividend payout ratio is currently 30.53%.
About Red Rock Resorts
Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
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