Red Rock Resorts’ (RRR) “Outperform” Rating Reiterated at Mizuho

Mizuho restated their outperform rating on shares of Red Rock Resorts (NASDAQ:RRR) in a research note published on Tuesday,Benzinga reports. The firm currently has a $57.00 price target on the stock, down from their prior price target of $67.00.

Several other equities analysts also recently weighed in on RRR. JPMorgan Chase & Co. raised their target price on Red Rock Resorts from $62.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Susquehanna lifted their target price on shares of Red Rock Resorts from $63.00 to $70.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Red Rock Resorts from $59.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of Red Rock Resorts in a research report on Monday, October 14th. Finally, Macquarie cut their price objective on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Red Rock Resorts Stock Down 2.1 %

RRR stock opened at $50.21 on Tuesday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 18.60, a P/E/G ratio of 6.38 and a beta of 2.04. Red Rock Resorts has a 52 week low of $43.08 and a 52 week high of $63.28. The firm has a 50-day simple moving average of $53.24 and a 200-day simple moving average of $53.78. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.99%. Red Rock Resorts’s dividend payout ratio is currently 37.04%.

Institutional Trading of Red Rock Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of RRR. Covestor Ltd lifted its position in Red Rock Resorts by 16,666.7% in the first quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Red Rock Resorts in the 1st quarter valued at about $78,000. US Bancorp DE grew its stake 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 buying an additional 1,490 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Red Rock Resorts during the second quarter worth approximately $98,000. Finally, nVerses Capital LLC purchased a new stake in Red Rock Resorts in the second quarter valued at approximately $154,000. 47.84% of the stock is currently owned by institutional investors and hedge funds.

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.