Red Rock Resorts, Inc. (RRR) – What Are Analysts Saying About This Stock?

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $71.83.

A number of brokerages have recently issued reports on RRR. Capital One Financial upgraded Red Rock Resorts to a “buy” rating in a report on Wednesday, September 9th. Jefferies Financial Group restated a “buy” rating on shares of Red Rock Resorts in a research note on Thursday, July 2nd. Citizens Jmp lifted their target price on Red Rock Resorts from $69.00 to $71.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. UBS Group set a $75.00 price objective on shares of Red Rock Resorts in a research note on Thursday, July 2nd. Finally, Benchmark reiterated a “buy” rating on shares of Red Rock Resorts in a research note on Monday, August 31st.

Get Our Latest Stock Analysis on RRR

Red Rock Resorts Price Performance

NASDAQ:RRR opened at $49.26 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 12.33. The stock’s 50 day moving average price is $54.22 and its two-hundred day moving average price is $57.66. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 4.14 and a beta of 1.40. Red Rock Resorts has a 12-month low of $47.49 and a 12-month high of $68.99.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.51 by $0.16. The company had revenue of $510.26 million during the quarter, compared to the consensus estimate of $500.08 million. Red Rock Resorts had a return on equity of 56.19% and a net margin of 8.43%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, analysts anticipate that Red Rock Resorts will post 1.54 earnings per share for the current year.

Red Rock Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 15th. Red Rock Resorts’s payout ratio is presently 36.75%.

Insider Buying and Selling at Red Rock Resorts

In related news, President Scott Kreeger sold 31,159 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $61.78, for a total value of $1,925,003.02. Following the completion of the sale, the president directly owned 203,881 shares in the company, valued at approximately $12,595,768.18. The trade was a 13.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 54.34% of the company’s stock.

Hedge Funds Weigh In On Red Rock Resorts

Hedge funds have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Red Rock Resorts during the 2nd quarter worth approximately $120,743,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Red Rock Resorts by 6.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 650,943 shares of the company’s stock worth $34,734,000 after buying an additional 40,295 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Red Rock Resorts by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 487,538 shares of the company’s stock worth $26,013,000 after buying an additional 5,685 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Red Rock Resorts by 204.7% during the 1st quarter. Renaissance Technologies LLC now owns 300,400 shares of the company’s stock worth $16,029,000 after buying an additional 201,800 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Red Rock Resorts by 24.1% during the 1st quarter. Principal Financial Group Inc. now owns 287,633 shares of the company’s stock worth $15,348,000 after buying an additional 55,845 shares during the last quarter. 47.84% of the stock is owned by institutional investors.

About Red Rock Resorts

(Get Free Report)

Red Rock Resorts, Inc is a gaming, entertainment and hospitality company based in Las Vegas, Nevada. Through its principal operating subsidiary, Station Casinos, the company develops, owns and operates casino resorts and other gaming properties, primarily serving the Las Vegas locals market.

Its portfolio includes destination-style properties such as Red Rock Casino Resort & Spa, Green Valley Ranch Resort Spa and Casino, and Durango Casino & Resort, along with neighborhood casinos including Palace Station, Boulder Station, Santa Fe Station and several Wildfire locations.

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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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