Red Rock Resorts (RRR) Earning Somewhat Negative News Coverage, Analysis Shows

News coverage about Red Rock Resorts (NASDAQ:RRR) has been trending somewhat negative on Wednesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Red Rock Resorts earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.2561414460286 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Red Rock Resorts (NASDAQ:RRR) traded up $0.21 during trading on Wednesday, hitting $34.51. The company had a trading volume of 542,300 shares, compared to its average volume of 676,240. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.26 and a current ratio of 1.29. The company has a market capitalization of $4,020.00 and a P/E ratio of 33.50. Red Rock Resorts has a one year low of $20.87 and a one year high of $34.89.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.10 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.16%. Red Rock Resorts’s dividend payout ratio (DPR) is 38.83%.

Several analysts recently issued reports on RRR shares. Deutsche Bank reissued a “buy” rating and issued a $38.00 price target on shares of Red Rock Resorts in a research report on Thursday, December 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $33.00 price objective on shares of Red Rock Resorts in a report on Tuesday, November 28th. Union Gaming Research downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $27.00 in a report on Thursday, November 9th. Bank of America lifted their price objective on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.56.

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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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