Red Rock Resorts (RRR) Getting Somewhat Negative News Coverage, Study Shows

Press coverage about Red Rock Resorts (NASDAQ:RRR) has trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Rock Resorts earned a news impact score of -0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.7422031267587 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Zacks Investment Research downgraded shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Stifel Nicolaus downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating and boosted their price objective for the company from $29.00 to $37.00 in a research report on Friday, February 23rd. They noted that the move was a valuation call. Deutsche Bank reissued a “buy” rating and set a $38.00 price objective on shares of Red Rock Resorts in a research report on Thursday, December 21st. Finally, BidaskClub downgraded shares of Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Red Rock Resorts presently has a consensus rating of “Buy” and a consensus price target of $32.75.

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RRR stock opened at $29.40 on Friday. The firm has a market cap of $3,612.16, a price-to-earnings ratio of 70.00 and a beta of 1.15. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 4.06. Red Rock Resorts has a 1-year low of $21.07 and a 1-year high of $35.77.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Tuesday, February 27th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $394.02 million during the quarter, compared to the consensus estimate of $406.75 million. Red Rock Resorts had a net margin of 2.18% and a return on equity of 16.11%. analysts expect that Red Rock Resorts will post 1.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, March 14th. Red Rock Resorts’s dividend payout ratio is currently 95.24%.

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Red Rock Resorts Company Profile

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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