Red Rock Resorts (NASDAQ:RRR) had its price objective hoisted by Nomura to $32.00 in a research report report published on Wednesday, The Fly reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also weighed in on RRR. Deutsche Bank reaffirmed a buy rating and set a $30.00 target price on shares of Red Rock Resorts in a report on Wednesday. Zacks Investment Research raised shares of Red Rock Resorts from a strong sell rating to a hold rating in a research note on Saturday, November 10th. ValuEngine raised shares of Red Rock Resorts from a sell rating to a hold rating in a research note on Wednesday, November 28th. BidaskClub raised shares of Red Rock Resorts from a sell rating to a hold rating in a research note on Friday, November 2nd. Finally, SunTrust Banks cut their price target on shares of Red Rock Resorts to $25.00 and set a hold rating for the company in a research note on Thursday, November 8th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $33.57.

Red Rock Resorts stock opened at $27.84 on Wednesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.68 and a current ratio of 0.72. The company has a market cap of $3.24 billion, a P/E ratio of 21.25 and a beta of 2.14. Red Rock Resorts has a 1-year low of $18.78 and a 1-year high of $36.99.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 12th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The business had revenue of $431.47 million for the quarter, compared to analyst estimates of $408.61 million. Red Rock Resorts had a net margin of 9.37% and a return on equity of 12.23%. Red Rock Resorts’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. Research analysts expect that Red Rock Resorts will post 1.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 14th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. Red Rock Resorts’s dividend payout ratio is presently 30.53%.

A number of hedge funds have recently added to or reduced their stakes in RRR. Bank of Montreal Can boosted its stake in shares of Red Rock Resorts by 47.5% in the 4th quarter. Bank of Montreal Can now owns 1,437 shares of the company’s stock valued at $29,000 after purchasing an additional 463 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Red Rock Resorts in the 4th quarter valued at $142,000. MML Investors Services LLC purchased a new stake in shares of Red Rock Resorts in the 3rd quarter valued at $203,000. Fox Run Management L.L.C. purchased a new stake in shares of Red Rock Resorts in the 4th quarter valued at $203,000. Finally, Amalgamated Bank purchased a new stake in shares of Red Rock Resorts in the 4th quarter valued at $206,000. 64.14% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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