ValuEngine upgraded shares of Red Rock Resorts (NASDAQ:RRR) from a sell rating to a hold rating in a research report sent to investors on Tuesday, ValuEngine reports.

Several other brokerages also recently issued reports on RRR. Zacks Investment Research downgraded shares of Great Portland Estates from a hold rating to a sell rating in a research report on Tuesday, April 16th. Goldman Sachs Group upgraded shares of Las Vegas Sands to a buy rating in a research report on Tuesday, June 11th. BidaskClub downgraded shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Wolfe Research assumed coverage on shares of Red Rock Resorts in a research report on Friday, June 14th. They set a peer perform rating for the company. Finally, TheStreet upgraded shares of Zimmer Biomet from a c rating to a b- rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Red Rock Resorts presently has an average rating of Hold and an average price target of $30.29.

Shares of NASDAQ:RRR opened at $21.54 on Tuesday. Red Rock Resorts has a 52-week low of $18.78 and a 52-week high of $36.99. The firm has a market cap of $2.57 billion, a P/E ratio of 16.44 and a beta of 2.11. The firm has a 50-day moving average price of $21.79. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.86 and a quick ratio of 0.82.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Tuesday, April 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.16). The firm had revenue of $447.00 million during the quarter, compared to analyst estimates of $445.50 million. Red Rock Resorts had a net margin of 6.89% and a return on equity of 10.08%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Equities research analysts anticipate that Red Rock Resorts will post 0.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued 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 1.86%. Red Rock Resorts’s dividend payout ratio is presently 30.53%.

In other news, insider Joseph J. Hasson sold 12,891 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $23.24, for a total transaction of $299,586.84. Following the transaction, the insider now directly owns 12,891 shares of the company’s stock, valued at $299,586.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Shellback Capital LP acquired a new stake in Red Rock Resorts in the fourth quarter valued at approximately $1,715,000. Massmutual Trust Co. FSB ADV boosted its position in Red Rock Resorts by 39.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 18,626 shares of the company’s stock valued at $378,000 after buying an additional 5,244 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Red Rock Resorts in the fourth quarter valued at approximately $27,092,000. Marshall Wace North America L.P. boosted its position in Red Rock Resorts by 1,314.6% in the first quarter. Marshall Wace North America L.P. now owns 142,109 shares of the company’s stock valued at $3,674,000 after buying an additional 132,063 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its holdings in shares of Red Rock Resorts by 2.9% during the fourth quarter. Cohen & Steers Inc. now owns 5,919,209 shares of the company’s stock worth $120,219,000 after purchasing an additional 165,784 shares during the period. 61.82% 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 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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