Red Rock Resorts Inc (NASDAQ:RRR) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $26.71.

A number of analysts have recently issued reports on RRR shares. Macquarie raised Red Rock Resorts from a “neutral” rating to an “outperform” rating and set a $29.00 price objective for the company in a research report on Tuesday, May 21st. Stifel Nicolaus set a $22.00 price target on Red Rock Resorts and gave the stock a “hold” rating in a report on Wednesday, August 7th. Wolfe Research assumed coverage on Red Rock Resorts in a report on Friday, June 14th. They set a “peer perform” rating for the company. Deutsche Bank set a $24.00 price target on Red Rock Resorts and gave the stock a “buy” rating in a report on Monday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $26.00 price objective (down previously from $28.00) on shares of Red Rock Resorts in a research note on Wednesday, May 1st.

Shares of NASDAQ:RRR traded down $0.67 during mid-day trading on Friday, reaching $18.01. 34,655 shares of the stock were exchanged, compared to its average volume of 1,142,471. The business’s 50 day moving average price is $21.02. Red Rock Resorts has a one year low of $16.76 and a one year high of $33.51. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $2.28 billion, a P/E ratio of 13.79 and a beta of 2.11.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Red Rock Resorts had a net margin of 1.75% and a return on equity of 8.08%. The company had revenue of $482.90 million for the quarter, compared to analyst estimates of $441.48 million. During the same period last year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts forecast that Red Rock Resorts will post 0.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, September 12th. Red Rock Resorts’s payout ratio is presently 30.53%.

In other Red Rock Resorts news, Director Lorenzo J. Fertitta acquired 350,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $18.41 per share, with a total value of $6,443,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph J. Hasson sold 12,891 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $23.24, for a total value of $299,586.84. Following the completion of the transaction, the insider now directly owns 12,891 shares in the company, valued at $299,586.84. The disclosure for this sale can be found here. 40.19% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. First Quadrant L P CA bought a new stake in Red Rock Resorts during the 1st quarter worth approximately $42,000. Bank of Montreal Can grew its holdings in shares of Red Rock Resorts by 1,067.9% in the second quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock valued at $138,000 after acquiring an additional 5,863 shares in the last quarter. Amalgamated Bank bought a new position in shares of Red Rock Resorts in the fourth quarter valued at approximately $206,000. Zebra Capital Management LLC bought a new position in shares of Red Rock Resorts in the second quarter valued at approximately $215,000. Finally, Green Square Asset Management LLC bought a new position in shares of Red Rock Resorts in the second quarter valued at approximately $217,000. 62.08% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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