Media headlines about Red Rock Resorts (NASDAQ:RRR) have trended somewhat negative on Thursday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 -0.06 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.3718228498152 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Red Rock Resorts (RRR) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Red Rock Resorts (RRR) Lowered to “Sell” at BidaskClub (americanbankingnews.com)
- Red Rock Resorts (RRR) Downgraded by Macquarie to “Neutral” (americanbankingnews.com)
- Brokerages Anticipate Red Rock Resorts, Inc. (RRR) Will Announce Quarterly Sales of $411.13 Million (americanbankingnews.com)
- Red Rock Resorts (RRR) Price Target Raised to $30.00 at Bank of America (americanbankingnews.com)
A number of research analysts recently weighed in on RRR shares. Deutsche Bank reissued a “buy” rating and issued a $38.00 price objective on shares of Red Rock Resorts in a research note on Thursday, December 21st. Zacks Investment Research downgraded Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Stifel Nicolaus downgraded Red Rock Resorts from a “buy” rating to a “hold” rating and raised their price objective for the company from $29.00 to $37.00 in a research note on Friday, February 23rd. They noted that the move was a valuation call. ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub downgraded Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Red Rock Resorts has an average rating of “Buy” and a consensus target price of $32.75.
Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Tuesday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. The firm had revenue of $394.02 million for the quarter, compared to analyst estimates of $406.75 million. Red Rock Resorts had a return on equity of 16.11% and a net margin of 2.18%. analysts anticipate that Red Rock Resorts will post 1.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, March 14th. Red Rock Resorts’s payout ratio is presently 64.52%.
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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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