Barclays Has Lowered Expectations for Red Rock Resorts (NASDAQ:RRR) Stock Price

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its target price reduced by analysts at Barclays from $58.00 to $54.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 26.76% from the stock's previous close.

Several other research firms have also recently commented on RRR. Morgan Stanley lowered their target price on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JMP Securities dropped their price objective on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus lifted their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Mizuho upped their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $54.33.

Red Rock Resorts Trading Up 1.8 %

Shares of Red Rock Resorts stock traded up $0.77 during trading hours on Tuesday, hitting $42.60. The company's stock had a trading volume of 567,304 shares, compared to its average volume of 568,383. The firm has a fifty day moving average of $44.20 and a 200-day moving average of $47.60. 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 stock has a market cap of $4.52 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 4.32 and a beta of 1.69. Red Rock Resorts has a twelve month low of $35.09 and a twelve month high of $61.73.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced 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 return on equity of 71.00% and a net margin of 7.94%. Research analysts forecast that Red Rock Resorts will post 1.76 EPS for the current year.

Institutional Trading of Red Rock Resorts

A number of institutional investors have recently modified their holdings of RRR. Arizona State Retirement System lifted its holdings in Red Rock Resorts by 1.5% in the fourth quarter. Arizona State Retirement System now owns 14,707 shares of the company's stock valued at $680,000 after acquiring an additional 216 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Red Rock Resorts by 3.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,662 shares of the company's stock valued at $492,000 after purchasing an additional 314 shares in the last quarter. Mayfair Advisory Group LLC lifted its stake in shares of Red Rock Resorts by 8.1% in the first quarter. Mayfair Advisory Group LLC now owns 4,861 shares of the company's stock valued at $211,000 after purchasing an additional 364 shares during the period. KBC Group NV boosted its holdings in Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after buying an additional 540 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Red Rock Resorts by 47.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after buying an additional 664 shares during the period. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

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.