Red Rock Resorts, Inc. (NASDAQ: RRR) Receives “Buy” consensus recommendation from brokerage firms

Red Rock Resorts, Inc. (NASDAQ: RRR) received an average rating of “Buy” by the ten analysts who currently cover the stock, reports Two research analysts rated the stock with a keep recommendation and seven gave the company a buy recommendation. The 1-year average price target among analysts who issued ratings on the stock in the past year is $ 52.00.

Several stock analysts recently published reports on RRR stocks. Deutsche Bank Aktiengesellschaft raised its price target on Red Rock Resorts shares from $ 56.00 to $ 60.00 and gave the company a “buy” rating in a report released on Wednesday, November 3. Zacks investment research downgraded Red Rock Resorts stock from a “buy” rating to a “keep” rating and set a target price of $ 52.00 for the company. in a research note on Tuesday, December 14. Wells Fargo & Company began covering shares of Red Rock Resorts in a research note on Tuesday, September 14. They issued an “overweight” rating and a target price of $ 62.00 for the company. Finally, KeyCorp increased its target price on the Red Rock Resorts stock from $ 50.00 to $ 60.00 and rated the stock “overweight” in a Wednesday October 6 research note.

RRR opened at $ 55.01 on Friday. The company has a fifty-day moving average price of $ 50.81 and a two hundred-day moving average price of $ 46.71. The company has a debt to equity ratio of 4.43, a rapid ratio of 3.69 and a current ratio of 3.74. Red Rock Resorts has a 52-week low of $ 23.04 and a 52-week high of $ 58.74. The company has a market cap of $ 6.31 billion, a PE ratio of 36.19 and a beta of 2.42.

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Red Rock Resorts (NASDAQ: RRR) last released its results on Tuesday, November 2. The company reported EPS of $ 0.93 for the quarter, beating consensus analysts’ estimates of $ 0.53 by $ 0.40. Red Rock Resorts had a net margin of 7.99% and a return on equity of 45.72%. In the same quarter of last year, the company posted earnings per share of $ 0.56. Stock analysts predict that Red Rock Resorts will post 2.27 EPS for the current year.

The company also recently announced a dividend, which was paid on Wednesday, December 22. Shareholders of record on Tuesday, November 23 received a dividend of $ 3.00. The ex-dividend date of this dividend was Monday, November 22.

Several hedge funds have recently changed their holdings in the company. US Bancorp DE increased its stake in Red Rock Resorts by 235.6% in the second quarter. US Bancorp DE now owns 641 shares of the company valued at $ 27,000 after acquiring 450 additional shares during the period. Selective Wealth Management Inc. purchased a new position in Red Rock Resorts in Q3 valued at approximately $ 36,000. The New York State Teachers Retirement System purchased a new position in Red Rock Resorts in the third quarter worth approximately $ 56,000. Cypress Capital Management LLC WY purchased a new position in Red Rock Resorts in the 2nd quarter valued at approximately $ 103,000. Finally, Strs Ohio purchased a new position in Red Rock Resorts in Q3 for a value of approximately $ 117,000. 96.52% of the shares are currently held by institutional investors.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a holding company engaged in the management and development of gaming and entertainment facilities. The company operates through the following segments: Las Vegas Operations and Native American Management. Its facilities include restaurants, entertainment venues, cinemas, bowling, and convention or banquet space, as well as traditional casino game offerings such as video poker, slot machines, table games, bingo and betting on races and sports.

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Analyst Recommendations for Red Rock Resorts (NASDAQ: RRR)

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