Red Rock Resorts (NASDAQ:RRR) Stock Price Down 3.9% - Time to Sell?

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) fell 3.9% on Thursday . The company traded as low as $44.40 and last traded at $44.45. 224,786 shares changed hands during trading, a decline of 54% from the average session volume of 491,138 shares. The stock had previously closed at $46.24.

Analysts Set New Price Targets

RRR has been the topic of several analyst reports. Mizuho downgraded shares of Red Rock Resorts from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $57.00 to $44.00 in a report on Monday, November 25th. Wells Fargo & Company dropped their target price on shares of Red Rock Resorts from $64.00 to $58.00 and set an "equal weight" rating for the company in a report on Thursday, October 17th. JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of Red Rock Resorts in a report on Monday, October 14th. Barclays dropped their price objective on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Finally, Morgan Stanley lifted their target price on Red Rock Resorts from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.42.

Red Rock Resorts Trading Down 3.3 %

The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The stock's 50 day moving average is $49.85 and its 200-day moving average is $53.11. The company has a market cap of $4.72 billion, a PE ratio of 16.56, a P/E/G ratio of 6.69 and a beta of 2.01.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Red Rock Resorts's dividend payout ratio is presently 37.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RRR. Quarry LP grew its stake in Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company's stock worth $61,000 after acquiring an additional 930 shares in the last quarter. US Bancorp DE increased its holdings in Red Rock Resorts by 2,223.9% during the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company's stock worth $85,000 after purchasing an additional 1,490 shares during the period. Point72 DIFC Ltd bought a new stake in Red Rock Resorts during the 2nd quarter valued at $98,000. nVerses Capital LLC grew its position in shares of Red Rock Resorts by 28.6% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock worth $196,000 after buying an additional 800 shares in the last quarter. Finally, Mayfair Advisory Group LLC bought a new stake in shares of Red Rock Resorts in the third quarter valued at about $218,000. Institutional investors own 47.84% of the company's stock.

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.