Red Rock Resorts, Inc. (NASDAQ:RRR) Plans Quarterly Dividend of $0.25

Red Rock Resorts, Inc. (NASDAQ:RRR) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.25 per share on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, March 17th.

Red Rock Resorts has a payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Red Rock Resorts to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 56.2%.

Red Rock Resorts Stock Up 1.0 %

RRR opened at $52.10 on Friday. Red Rock Resorts has a one year low of $42.46 and a one year high of $63.28. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 5.28 and a beta of 2.02. The business’s fifty day moving average is $47.37 and its two-hundred day moving average is $51.35. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. Analysts anticipate that Red Rock Resorts will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Macquarie reduced their target price on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JMP Securities cut their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.33.

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.