Red Rock Resorts Inc (NASDAQ:RRR) was the recipient of unusually large options trading on Monday. Traders acquired 2,500 put options on the stock. This represents an increase of 1,589% compared to the typical daily volume of 148 put options.
Shares of Red Rock Resorts (RRR) opened at $34.54 on Tuesday. The company has a market capitalization of $3,881.47, a PE ratio of 78.50, a PEG ratio of 4.92 and a beta of 1.10. Red Rock Resorts has a twelve month low of $20.87 and a twelve month high of $35.77. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. Red Rock Resorts’s dividend payout ratio (DPR) is 90.91%.
Several research firms have weighed in on RRR. Deutsche Bank lifted their target price on Red Rock Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $33.00 target price on shares of Red Rock Resorts in a report on Tuesday, November 28th. ValuEngine upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Finally, Bank of America lifted their target price on Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.71.
About Red Rock Resorts
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
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