Red Rock Resorts, Inc. (NASDAQ:RRR) Receives Consensus Rating of “Moderate Buy” from Analysts

Red Rock Resorts, Inc. (NASDAQ:RRR) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $60.42.

A number of brokerages recently issued reports on RRR. Wells Fargo & Company decreased their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Barclays dropped their target price on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Macquarie reduced their price target on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Morgan Stanley lifted their price objective on shares of Red Rock Resorts from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Finally, Mizuho lowered Red Rock Resorts from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $44.00 in a report on Monday, November 25th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY lifted its position in Red Rock Resorts by 1.0% during the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock worth $578,332,000 after acquiring an additional 106,509 shares during the last quarter. Eminence Capital LP lifted its position in shares of Red Rock Resorts by 23.7% during the 2nd quarter. Eminence Capital LP now owns 1,952,754 shares of the company’s stock worth $107,265,000 after purchasing an additional 374,128 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Red Rock Resorts by 26.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,196,195 shares of the company’s stock worth $65,706,000 after purchasing an additional 251,855 shares during the last quarter. Geode Capital Management LLC boosted its stake in Red Rock Resorts by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock valued at $63,776,000 after purchasing an additional 14,029 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in Red Rock Resorts by 3.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after buying an additional 38,443 shares during the period. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Stock Down 1.5 %

RRR opened at $48.06 on Wednesday. The stock’s fifty day moving average is $51.30 and its 200-day moving average is $53.58. The company has a market capitalization of $5.08 billion, a PE ratio of 17.80, a P/E/G ratio of 6.69 and a beta of 2.00. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts has a one year low of $47.18 and a one year high of $63.28.

Red Rock Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Monday, December 16th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 37.04%.

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.