Analysts Set Red Rock Resorts, Inc. (NASDAQ:RRR) Price Target at $57.33

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) have been given an average recommendation of "Hold" by the twelve brokerages that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $57.33.

RRR has been the topic of a number of analyst reports. Mizuho increased 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, February 12th. Jefferies Financial Group reissued a "hold" rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Truist Financial cut their price objective on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Susquehanna boosted their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a report on Wednesday, February 12th. Finally, JMP Securities decreased their price objective on 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.

Institutional Investors Weigh In On Red Rock Resorts

A number of large investors have recently bought and sold shares of the stock. Long Pond Capital LP boosted its position in shares of Red Rock Resorts by 142.5% during the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock worth $68,165,000 after purchasing an additional 866,320 shares in the last quarter. Bamco Inc. NY raised its stake in Red Rock Resorts by 6.9% during the 4th quarter. Bamco Inc. NY now owns 11,356,201 shares of the company's stock worth $525,111,000 after buying an additional 732,917 shares during the period. Eminence Capital LP boosted its holdings in Red Rock Resorts by 36.1% in the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company's stock worth $95,097,000 after acquiring an additional 546,047 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Red Rock Resorts by 167.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company's stock valued at $19,534,000 after acquiring an additional 264,609 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Red Rock Resorts by 20.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company's stock valued at $62,149,000 after acquiring an additional 229,843 shares in the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

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Red Rock Resorts Stock Performance

NASDAQ RRR traded up $0.88 on Friday, hitting $45.13. 378,767 shares of the stock were exchanged, compared to its average volume of 529,397. The company has a market capitalization of $4.79 billion, a PE ratio of 17.98, a P/E/G ratio of 4.32 and a beta of 2.01. 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 business's fifty day moving average is $48.12 and its 200 day moving average is $49.93. Red Rock Resorts has a 52 week low of $42.33 and a 52 week high of $63.29.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. Research analysts anticipate that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.

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.