Barclays Issues Positive Forecast for Red Rock Resorts (NASDAQ:RRR) Stock Price

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its price objective increased by equities research analysts at Barclays from $54.00 to $62.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 13.10% from the stock's current price.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. began coverage on Red Rock Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $62.00 target price for the company. Truist Financial raised Red Rock Resorts from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $67.00 in a report on Wednesday. Susquehanna reduced their price target on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research report on Wednesday, April 16th. Macquarie reissued an "outperform" rating and issued a $58.00 price objective on shares of Red Rock Resorts in a research note on Friday, May 2nd. Finally, Citigroup reaffirmed an "outperform" rating on shares of Red Rock Resorts in a research note on Friday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.45.

Red Rock Resorts Stock Down 1.0%

NASDAQ:RRR traded down $0.55 on Friday, hitting $54.82. 135,403 shares of the company's stock traded hands, compared to its average volume of 622,435. The company has a market cap of $5.81 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 5.85 and a beta of 1.62. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 9.04. Red Rock Resorts has a 1 year low of $35.09 and a 1 year high of $61.15. The firm has a 50-day moving average price of $50.54 and a 200-day moving average price of $47.21.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The business had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. During the same period in the previous year, the business earned $0.68 EPS. Red Rock Resorts's revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after purchasing an additional 766 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Red Rock Resorts during the 1st quarter worth about $43,000. US Bancorp DE boosted its stake in shares of Red Rock Resorts by 1,664.4% during the 1st quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after acquiring an additional 982 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Red Rock Resorts during the 1st quarter worth about $89,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Red Rock Resorts by 47.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company's stock.

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.

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