Red Rock Resorts Inc (NASDAQ:RRR) – SunTrust Banks lifted their FY2018 EPS estimates for shares of Red Rock Resorts in a research note issued on Wednesday, February 6th. SunTrust Banks analyst B. Jonas now forecasts that the company will post earnings of $1.15 per share for the year, up from their prior estimate of $1.13. SunTrust Banks has a “Hold” rating and a $25.00 price objective on the stock. SunTrust Banks also issued estimates for Red Rock Resorts’ Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.19 EPS and Q3 2019 earnings at $0.17 EPS.
RRR has been the subject of several other reports. BidaskClub raised Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a report on Saturday, November 10th. Finally, ValuEngine lowered Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Red Rock Resorts currently has a consensus rating of “Hold” and an average target price of $35.33.
Shares of NASDAQ RRR opened at $25.75 on Friday. Red Rock Resorts has a 1-year low of $18.78 and a 1-year high of $36.99. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 41.53 and a beta of 2.14. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.72 and a quick ratio of 0.68.
Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Wednesday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Red Rock Resorts had a net margin of 10.84% and a return on equity of 12.27%. The business had revenue of $412.30 million during the quarter, compared to the consensus estimate of $409.03 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Red Rock Resorts by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 574,336 shares of the company’s stock worth $19,240,000 after acquiring an additional 56,036 shares during the period. Renaissance Technologies LLC bought a new position in shares of Red Rock Resorts in the second quarter worth $6,402,000. Northern Trust Corp boosted its holdings in shares of Red Rock Resorts by 8.5% in the second quarter. Northern Trust Corp now owns 877,529 shares of the company’s stock worth $29,399,000 after acquiring an additional 68,819 shares during the period. Clinton Group Inc. bought a new position in shares of Red Rock Resorts in the third quarter worth $1,441,000. Finally, Seven Eight Capital LP bought a new position in shares of Red Rock Resorts in the third quarter worth $1,159,000. 64.27% of the stock is owned by institutional investors and hedge funds.
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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