Shares of Red Rock Resorts Inc (NASDAQ:RRR) have earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $35.00.
A number of research analysts have recently commented on the company. BidaskClub raised Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. ValuEngine lowered Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a report on Saturday, November 10th.
Shares of RRR opened at $26.16 on Monday. The firm has a market cap of $3.05 billion, a PE ratio of 42.19 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 3.29. Red Rock Resorts has a one year low of $21.20 and a one year high of $36.99.
Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The business had revenue of $412.30 million for the quarter, compared to analyst estimates of $409.03 million. Red Rock Resorts had a net margin of 10.84% and a return on equity of 12.27%. Red Rock Resorts’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. Sell-side analysts anticipate that Red Rock Resorts will post 1.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Friday, December 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, December 13th. Red Rock Resorts’s payout ratio is currently 64.52%.
Large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in Red Rock Resorts during the second quarter worth about $20,864,000. Rhumbline Advisers grew its holdings in Red Rock Resorts by 6.1% during the second quarter. Rhumbline Advisers now owns 67,416 shares of the company’s stock worth $2,258,000 after acquiring an additional 3,862 shares during the period. Millennium Management LLC grew its holdings in Red Rock Resorts by 78.0% during the second quarter. Millennium Management LLC now owns 1,772,281 shares of the company’s stock worth $59,371,000 after acquiring an additional 776,617 shares during the period. North Run Capital LP grew its holdings in Red Rock Resorts by 14.0% during the second quarter. North Run Capital LP now owns 265,000 shares of the company’s stock worth $8,878,000 after acquiring an additional 32,500 shares during the period. Finally, Signition LP acquired a new position in Red Rock Resorts during the third quarter worth about $224,000. 66.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
Read More: Should you buy a closed-end mutual fund?
Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter.