Analysts expect Red Rock Resorts Inc (NASDAQ:RRR) to announce $408.86 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Red Rock Resorts’ earnings, with the highest sales estimate coming in at $412.30 million and the lowest estimate coming in at $404.80 million. Red Rock Resorts reported sales of $394.55 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The firm is expected to report its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Red Rock Resorts will report full-year sales of $408.86 million for the current financial year. For the next financial year, analysts expect that the firm will report sales of $1.64 billion per share, with estimates ranging from $1.59 billion to $1.66 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Red Rock Resorts.

RRR has been the subject of a number of analyst reports. Deutsche Bank restated a “buy” rating and issued a $35.00 price target on shares of Red Rock Resorts in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of Red Rock Resorts in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Red Rock Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Union Gaming Research cut Red Rock Resorts from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Thursday, November 9th. Finally, Bank of America upped their price target on Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cipher Capital LP bought a new position in Red Rock Resorts during the second quarter valued at approximately $1,795,000. California State Teachers Retirement System boosted its stake in Red Rock Resorts by 103.2% during the second quarter. California State Teachers Retirement System now owns 120,408 shares of the company’s stock valued at $2,836,000 after buying an additional 61,164 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Red Rock Resorts by 1.7% during the second quarter. JPMorgan Chase & Co. now owns 3,450,279 shares of the company’s stock valued at $81,254,000 after buying an additional 58,707 shares during the last quarter. Vanguard Group Inc. boosted its stake in Red Rock Resorts by 16.0% during the second quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock valued at $113,788,000 after buying an additional 666,099 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in Red Rock Resorts by 1.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 4,679,886 shares of the company’s stock valued at $108,386,000 after buying an additional 86,124 shares during the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Red Rock Resorts (NASDAQ RRR) opened at $31.11 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 1.29 and a quick ratio of 1.26. The company has a market capitalization of $3,580.00 and a PE ratio of 21.69. Red Rock Resorts has a 1 year low of $20.87 and a 1 year high of $31.20.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, November 14th. Red Rock Resorts’s dividend payout ratio (DPR) is 38.83%.

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Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

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