Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its price objective increased by equities researchers at JMP Securities from $55.00 to $57.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' target price would indicate a potential upside of 3.86% from the stock's current price.
Other equities research analysts have also recently issued reports about the stock. Citigroup reaffirmed an "outperform" rating on shares of Red Rock Resorts in a research report on Friday. Stifel Nicolaus decreased their price target on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Barclays lowered their price objective on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Susquehanna cut their target price 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. Finally, Morgan Stanley set a $49.00 target price on Red Rock Resorts and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.45.
Get Our Latest Report on Red Rock Resorts
Red Rock Resorts Price Performance
RRR traded down $0.49 on Friday, reaching $54.88. 732,702 shares of the company's stock were exchanged, compared to its average volume of 625,797. The stock has a market cap of $5.82 billion, a PE ratio of 21.27, a P/E/G ratio of 3.62 and a beta of 1.62. Red Rock Resorts has a twelve month low of $35.09 and a twelve month high of $61.08. The stock's fifty day moving average price is $50.75 and its 200-day moving average price is $47.27. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.92 and a quick ratio of 0.87.
Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.33. The company had revenue of $497.86 million for the quarter, compared to analyst estimates of $499.12 million. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. Sell-side analysts expect that Red Rock Resorts will post 1.76 EPS for the current year.
Institutional Investors Weigh In On Red Rock Resorts
A number of hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after acquiring an additional 766 shares during the last quarter. Pandora Wealth Inc. bought a new stake in Red Rock Resorts in the 1st quarter valued at $43,000. US Bancorp DE grew its position in Red Rock Resorts by 1,664.4% in the 1st quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after purchasing an additional 982 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Red Rock Resorts during the 1st quarter worth about $89,000. Finally, Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 664 shares during the period. 47.84% of the stock is currently owned by institutional investors.
Red Rock Resorts Company Profile
(
Get Free Report)
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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