Red Rock Resorts (NASDAQ:RRR) Given New $54.00 Price Target at Stifel Nicolaus

Red Rock Resorts (NASDAQ:RRR) had its price objective increased by analysts at Stifel Nicolaus from $50.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 1.48% from the company’s current price.

A number of other research firms also recently weighed in on RRR. JMP Securities dropped their target price on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Macquarie cut their target price on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reissued a “hold” rating and set a $51.00 price target (down from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Mizuho lifted their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.33.

Red Rock Resorts Stock Up 4.5 %

Shares of RRR stock traded up $2.29 during trading on Wednesday, hitting $53.21. 198,113 shares of the company were exchanged, compared to its average volume of 627,175. Red Rock Resorts has a twelve month low of $42.46 and a twelve month 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 firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 5.28 and a beta of 2.02. The business’s 50-day simple moving average is $47.30 and its 200 day simple moving average is $51.35.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. As a group, analysts forecast that Red Rock Resorts will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Red Rock Resorts

A number of hedge funds have recently made changes to their positions in RRR. Norges Bank bought a new stake in Red Rock Resorts during the 4th quarter worth $5,352,000. JPMorgan Chase & Co. grew its holdings in shares of Red Rock Resorts by 5.7% during the fourth quarter. JPMorgan Chase & Co. now owns 94,255 shares of the company’s stock worth $4,358,000 after purchasing an additional 5,058 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Red Rock Resorts by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock valued at $239,576,000 after buying an additional 50,193 shares during the period. Fox Run Management L.L.C. bought a new position in Red Rock Resorts in the 4th quarter valued at approximately $407,000. Finally, American Century Companies Inc. boosted its position in Red Rock Resorts by 11.7% during the 4th quarter. American Century Companies Inc. now owns 34,530 shares of the company’s stock worth $1,597,000 after buying an additional 3,623 shares during the period. 47.84% of the stock is currently owned by institutional investors and hedge funds.

About Red Rock Resorts

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.