Investors Buy Large Volume of Red Rock Resorts Put Options (NASDAQ:RRR)
Red Rock Resorts Inc (NASDAQ:RRR) saw some unusual options trading on Monday. Traders acquired 1,597 put options on the stock. This is an increase of 1,277% compared to the typical volume of 116 put options.
Several research analysts recently commented on RRR shares. Macquarie started coverage on SK Telecom in a research report on Tuesday, May 21st. They issued an “outperform” rating for the company. 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. Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, TheStreet raised VEON from a “d+” rating to a “c-” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.29.
In related news, insider Joseph J. Hasson sold 12,891 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $23.24, for a total value of $299,586.84. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
Red Rock Resorts stock opened at $22.86 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 3.52. The business’s fifty day moving average is $21.75. Red Rock Resorts has a 52-week low of $18.78 and a 52-week high of $36.80. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 17.45 and a beta of 2.12.
Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.16). Red Rock Resorts had a return on equity of 10.08% and a net margin of 6.89%. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $445.50 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Red Rock Resorts will post 0.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.75%. Red Rock Resorts’s dividend payout ratio is currently 30.53%.
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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