Red Rock Resorts, Inc. (NASDAQ:RRR) to Issue Quarterly Dividend of $0.25

Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.25 per share on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Monday, March 17th.

Red Rock Resorts has a dividend payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Red Rock Resorts to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 56.2%.

Red Rock Resorts Price Performance

Red Rock Resorts stock traded up $0.54 during mid-day trading on Friday, reaching $52.64. The company had a trading volume of 148,185 shares, compared to its average volume of 662,957. Red Rock Resorts has a 1 year low of $42.46 and a 1 year high of $63.28. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market capitalization of $5.56 billion, a P/E ratio of 19.51, a P/E/G ratio of 5.28 and a beta of 2.02. The stock's 50-day simple moving average is $47.37 and its 200-day simple moving average is $51.35.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.34. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. On average, equities analysts predict that Red Rock Resorts will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RRR shares. Mizuho raised their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday. JMP Securities decreased their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Barclays dropped their price target 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. Jefferies Financial Group reiterated a "hold" rating and issued a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Macquarie dropped their target price on shares of Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.33.

About Red Rock Resorts

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.