Brokerages Set Red Rock Resorts, Inc. (NASDAQ:RRR) PT at $58.08

Red Rock Resorts, Inc. (NASDAQ:RRR) has received an average recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $57.25.

Several research firms recently commented on RRR. JMP Securities cut their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Susquehanna cut their price target on Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday. Truist Financial decreased their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Finally, Barclays dropped their price objective on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, November 8th.

Red Rock Resorts Trading Up 0.6 %

Shares of NASDAQ:RRR opened at $48.82 on Thursday. Red Rock Resorts has a 52-week low of $42.46 and a 52-week high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The company has a market cap of $5.16 billion, a P/E ratio of 18.08, a P/E/G ratio of 5.30 and a beta of 2.02. The stock’s 50-day moving average is $47.34 and its 200-day moving average is $51.62.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. The company had revenue of $468.02 million for the quarter, compared to the consensus estimate of $460.73 million. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. During the same period in the previous year, the business posted $0.60 EPS. Equities research analysts predict that Red Rock Resorts will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bamco Inc. NY increased its position in Red Rock Resorts by 1.0% in the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock valued at $578,332,000 after acquiring an additional 106,509 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Red Rock Resorts by 20.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after buying an additional 229,843 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Red Rock Resorts by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock valued at $63,776,000 after buying an additional 14,029 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Red Rock Resorts by 3.5% during the third quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after acquiring an additional 38,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Red Rock Resorts by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company’s stock valued at $31,418,000 after acquiring an additional 4,810 shares during the period. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.