News stories about Red Rock Resorts (NASDAQ:RRR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Red Rock Resorts earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.1823518240378 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Red Rock Resorts Inc (NASDAQ:RRR) Investor Alert: Investigation over Potential Wrongdoing (digitaljournal.com)
- Red Rock Resorts, Inc. (NASDAQ:RRR) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Red Rock Resorts (RRR) versus Eldorado Resorts (ERI) Critical Review (americanbankingnews.com)
- Red Rock Resorts, Inc. (NASDAQ:RRR) Downgraded to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- $397.86 Million in Sales Expected for Red Rock Resorts, Inc. (NASDAQ:RRR) This Quarter (americanbankingnews.com)
Several brokerages have recently weighed in on RRR. Zacks Investment Research raised shares of Red Rock Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday. Bank of America Corporation reaffirmed a “buy” rating and issued a $26.00 target price (up previously from $24.50) on shares of Red Rock Resorts in a report on Monday, June 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Red Rock Resorts currently has a consensus rating of “Buy” and a consensus target price of $26.25.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, August 11th. Red Rock Resorts’s dividend payout ratio is 83.33%.
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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