Red Rock Resorts (NASDAQ:RRR) Earns “Outperform” Rating from Mizuho

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

A number of other equities analysts also recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of Red Rock Resorts in a research note on Monday, October 14th. Barclays decreased their target price on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Macquarie reduced 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 research note on Friday, November 8th. Morgan Stanley upped their target price on shares of Red Rock Resorts from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Finally, Susquehanna upped their price target on Red Rock Resorts from $63.00 to $70.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Red Rock Resorts Stock Down 2.1 %

Shares of Red Rock Resorts stock opened at $50.21 on Tuesday. The company has a market cap of $5.30 billion, a P/E ratio of 18.60, a PEG ratio of 6.38 and a beta of 2.04. The firm has a fifty day moving average of $53.24 and a two-hundred day moving average of $53.78. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.89 and a current ratio of 1.02. Red Rock Resorts has a one year low of $43.08 and a one year high of $63.28.

Red Rock Resorts Dividend Announcement

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

Institutional Investors Weigh In On Red Rock Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in Red Rock Resorts by 16,666.7% in the 1st quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Red Rock Resorts during the 1st quarter worth approximately $78,000. US Bancorp DE raised its position in shares of Red Rock Resorts by 2,223.9% in the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after purchasing an additional 1,490 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Red Rock Resorts during the 2nd quarter valued at approximately $98,000. Finally, nVerses Capital LLC acquired a new stake in shares of Red Rock Resorts during the second quarter worth approximately $154,000. Hedge funds and other 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.