BidaskClub cut shares of Red Rock Resorts (NASDAQ:RRR) from a sell rating to a strong sell rating in a research report report published on Wednesday morning, BidAskClub reports.

Other equities analysts also recently issued reports about the stock. Deutsche Bank downgraded shares of Hilton Hotels from a buy rating to a hold rating and set a $92.60 price target on the stock. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. Telsey Advisory Group reiterated a market perform rating and set a $5.00 price target (down from $7.50) on shares of Tile Shop in a report on Wednesday, May 1st. ValuEngine upgraded shares of XCel Brands from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, Goldman Sachs Group upgraded shares of Las Vegas Sands to a buy rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Red Rock Resorts presently has an average rating of Hold and a consensus price target of $28.67.

Red Rock Resorts stock opened at $21.95 on Wednesday. The business has a 50-day simple moving average of $21.87. Red Rock Resorts has a twelve month low of $18.78 and a twelve month high of $36.80. 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 company has a market cap of $2.56 billion, a P/E ratio of 16.76 and a beta of 2.11.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, April 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.16). The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $445.50 million. Red Rock Resorts had a return on equity of 10.08% and a net margin of 6.89%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, sell-side analysts forecast that Red Rock Resorts will post 0.84 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors 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 yield of 1.82%. Red Rock Resorts’s payout ratio is 30.53%.

In other Red Rock Resorts news, insider Joseph J. Hasson sold 12,891 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $23.24, for a total value of $299,586.84. Following the transaction, the insider now directly owns 12,891 shares in the company, valued at approximately $299,586.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. FMR LLC grew its stake in Red Rock Resorts by 28.1% in the 4th quarter. FMR LLC now owns 2,613,546 shares of the company’s stock worth $53,081,000 after acquiring an additional 573,066 shares in the last quarter. American Century Companies Inc. grew its stake in Red Rock Resorts by 12.9% in the 4th quarter. American Century Companies Inc. now owns 2,009,566 shares of the company’s stock worth $40,814,000 after acquiring an additional 230,093 shares in the last quarter. Victory Capital Management Inc. grew its stake in Red Rock Resorts by 23.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,244,702 shares of the company’s stock worth $32,175,000 after acquiring an additional 237,040 shares in the last quarter. Marshall Wace LLP grew its stake in Red Rock Resorts by 124.1% in the 1st quarter. Marshall Wace LLP now owns 875,518 shares of the company’s stock worth $22,632,000 after acquiring an additional 484,847 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Red Rock Resorts by 88.7% in the 4th quarter. Millennium Management LLC now owns 764,373 shares of the company’s stock worth $15,524,000 after acquiring an additional 359,237 shares in the last quarter. 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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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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