Barclays Lowers Red Rock Resorts (NASDAQ:RRR) Price Target to $62.00

Red Rock Resorts (NASDAQ:RRR) had its target price decreased by Barclays from $65.00 to $62.00 in a research report sent to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

RRR has been the subject of several other reports. Susquehanna raised their target price on Red Rock Resorts from $63.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of Red Rock Resorts in a research report on Monday, October 14th. Truist Financial reduced their target price on Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Macquarie lifted their price objective on Red Rock Resorts from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their price objective on Red Rock Resorts from $59.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Red Rock Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

Red Rock Resorts Stock Down 1.4 %

Shares of RRR stock opened at $52.54 on Friday. The stock has a market cap of $5.55 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 5.61 and a beta of 2.04. Red Rock Resorts has a one year low of $40.22 and a one year high of $63.28. The stock has a fifty day moving average price of $53.59 and a 200 day moving average price of $53.84. The company has a debt-to-equity ratio of 15.15, a current ratio of 0.94 and a quick ratio of 0.89.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. Red Rock Resorts’s dividend payout ratio is 37.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RRR. Covestor Ltd increased its position in Red Rock Resorts by 16,666.7% in the first quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the period. Headlands Technologies LLC acquired a new stake in Red Rock Resorts in the first quarter worth about $78,000. US Bancorp DE increased its position in Red Rock Resorts by 2,223.9% in the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after purchasing an additional 1,490 shares during the period. Point72 DIFC Ltd acquired a new stake in Red Rock Resorts in the second quarter worth about $98,000. Finally, nVerses Capital LLC acquired a new stake in Red Rock Resorts in the second quarter worth about $154,000. 47.84% of the stock is owned by institutional investors.

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.