<div id="readability-page-1"><p>Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) have been given a consensus recommendation of &#34;Moderate Buy&#34; by the fourteen analysts that are  covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have assigned  a buy recommendation and one  has given a strong buy recommendation to  the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $64.4167.</p><div><p><span></span><span>Get <strong>Red Rock Resorts</strong> alerts:</span></p></div><ul><li>Dallas Mavericks purchase turns LVS stock into a cheaper bet</li></ul><p>Several brokerages have recently issued reports on RRR. Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of Red Rock Resorts in a research report on Wednesday, October 8th. Mizuho upped their price target on Red Rock Resorts from $62.00 to $67.00 and gave the company an &#34;outperform&#34; rating in a research report on Wednesday, October 29th. Wells Fargo &amp; Company started coverage on shares of Red Rock Resorts in a report on Tuesday, November 18th. They set an &#34;equal weight&#34; rating and a $58.00 price target on the stock. Truist Financial lifted their target price on shares of Red Rock Resorts from $68.00 to $70.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, October 21st. Finally, Citigroup started coverage on Red Rock Resorts in a research note on Thursday, November 20th. They issued a &#34;buy&#34; rating and a $63.00 price objective on the stock.</p><p><b>Get Our Latest Stock Report on Red Rock Resorts</b></p><h2>Institutional Trading of Red Rock Resorts</h2><p>Large investors have recently made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of  Red Rock Resorts during the 1st quarter worth approximately $11,025,000.  Wellington Management Group LLP grew its holdings in  Red Rock Resorts by 29.0% during the 1st quarter. Wellington Management Group LLP now owns 111,201 shares of the company's stock worth $4,823,000 after acquiring an additional 24,971 shares during the period.  AlphaQuest LLC grew its holdings in  Red Rock Resorts by 640.4% during the 1st quarter. AlphaQuest LLC now owns 38,819 shares of the company's stock worth $1,684,000 after acquiring an additional 33,576 shares during the period.  Comerica Bank raised its position in shares of  Red Rock Resorts by 4.6% during the 1st quarter. Comerica Bank now owns 377,976 shares of the company's stock valued at $16,393,000 after acquiring an additional 16,496 shares during the last quarter.  Finally, Trexquant Investment LP lifted its stake in shares of  Red Rock Resorts by 116.8% in the 1st quarter. Trexquant Investment LP now owns 247,242 shares of the company's stock valued at $10,723,000 after purchasing an additional 133,208 shares during the period. Institutional investors own  47.84% of the company's stock. </p><h2>Red Rock Resorts Price Performance</h2><p>RRR opened at $63.13 on Friday. The company has a market cap of $6.68 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.22 and a beta of 1.52. The company has a 50 day moving average of $57.86 and a two-hundred day moving average of $57.35. Red Rock Resorts has a 52-week low of $35.09 and a 52-week high of $64.25. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 10.11. </p><p>Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.32. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.The firm had revenue of $475.57 million during the quarter, compared to analyst estimates of $477.25 million. During the same period in the previous year, the company earned $0.48 earnings per share. Red Rock Resorts's quarterly revenue was up 1.6% on a year-over-year basis.  On average, analysts expect that  Red Rock Resorts will post 1.76 earnings per share for the current year. </p><p>Red Rock Resorts announced that its board has authorized a stock repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $300.00 million in  outstanding  shares. This repurchase authorization authorizes the company to purchase up to 4.9% of its stock  through open market purchases. Stock  repurchase plans are generally an indication that the company's management believes its stock is undervalued. </p><h2>Red Rock Resorts Increases Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Red Rock Resorts's previous quarterly dividend of $0.25. Red Rock Resorts's payout ratio is 33.12%. </p><h2>About Red Rock Resorts</h2> (Get Free Report)<p>Red Rock Resorts, Inc <span>NASDAQ: RRR<span></span></span> is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.  </p><p>The company's flagship resort, Red Rock Casino Resort &amp; Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Red Rock Resorts</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>How to Capture the Benefits of Dividend Increases</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>Energy and Oil Stocks Explained</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlJS?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlJS"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Red Rock Resorts Right Now?</h2><p>Before you consider Red Rock Resorts, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Rock Resorts wasn't on the list.</p><p>While Red Rock Resorts currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are covering the firm, MarketBeat Ratings reports.</p>

Red Rock Resorts, Inc. (NASDAQ:RRR) Receives Consensus Recommendation of "Moderate Buy" from Analysts