Other analysts also recently issued research reports about the company. Deutsche Bank downgraded Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Great Portland Estates from a hold rating to a sell rating in a research report on Tuesday, April 16th. Wolfe Research started coverage on Red Rock Resorts in a research report on Friday, June 14th. They issued a peer perform rating for the company. Macquarie started coverage on SK Telecom in a research report on Tuesday, May 21st. They issued an outperform rating for the company. Finally, TheStreet upgraded Zimmer Biomet from a c rating to a b- rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Red Rock Resorts has a consensus rating of Hold and a consensus price target of $30.29.
Shares of NASDAQ:RRR opened at $22.36 on Tuesday. The firm’s 50 day simple moving average is $21.78. Red Rock Resorts has a twelve month low of $18.78 and a twelve month high of $36.99. The company has a market cap of $2.57 billion, a P/E ratio of 17.07 and a beta of 2.11. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.82 and a current ratio of 0.86.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.79%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 30.53%.
In related news, insider Joseph J. Hasson sold 12,891 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $23.24, for a total transaction of $299,586.84. Following the completion of the transaction, the insider now owns 12,891 shares in the company, valued at approximately $299,586.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of RRR. First Quadrant L P CA acquired a new stake in Red Rock Resorts during the 1st quarter valued at $42,000. Creative Planning acquired a new stake in Red Rock Resorts during the 1st quarter valued at $222,000. NumerixS Investment Technologies Inc increased its holdings in Red Rock Resorts by 151.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock valued at $252,000 after purchasing an additional 5,900 shares in the last quarter. Amalgamated Bank acquired a new stake in Red Rock Resorts during the 4th quarter valued at $206,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Red Rock Resorts during the 1st quarter valued at $269,000. Institutional investors and hedge funds own 61.82% of the company’s stock.
About Red Rock Resorts
Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
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