Brokerages Set Red Rock Resorts, Inc. (NASDAQ:RRR) Price Target at $57.33

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $57.33.

Several analysts have recently weighed in on RRR shares. Barclays cut their price objective on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Stifel Nicolaus boosted their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. JMP Securities cut their target price on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Truist Financial cut their target price on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RRR. Sterling Capital Management LLC increased its position in Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock worth $41,000 after purchasing an additional 766 shares during the last quarter. Quarry LP increased its position in Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock worth $61,000 after purchasing an additional 930 shares during the last quarter. US Bancorp DE increased its position in Red Rock Resorts by 2,223.9% in the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after purchasing an additional 1,490 shares during the last quarter. KBC Group NV increased its position in Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after purchasing an additional 540 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company’s stock worth $95,000 after purchasing an additional 664 shares during the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Trading Up 0.6 %

Shares of Red Rock Resorts stock opened at $49.97 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 4.32 and a beta of 2.02. The business has a fifty day simple moving average of $48.08 and a 200-day simple moving average of $51.13. Red Rock Resorts has a fifty-two week low of $42.46 and a fifty-two week high of $63.28.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. On average, equities analysts forecast that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, March 17th. Red Rock Resorts’s payout ratio is 39.84%.

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.