Red Rock Resorts (NASDAQ:RRR) Stock Price Expected to Rise, Mizuho Analyst Says

Red Rock Resorts (NASDAQ:RRR) had its target price raised by Mizuho from $44.00 to $52.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential upside of 2.12% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of 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. Jefferies Financial Group reiterated a “hold” rating and set a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Macquarie dropped 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 report on Friday, November 8th. JMP Securities dropped their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial dropped their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Red Rock Resorts currently has a consensus rating of “Hold” and an average target price of $57.92.

Red Rock Resorts Trading Up 1.0 %

Shares of RRR opened at $50.92 on Wednesday. Red Rock Resorts has a twelve month low of $42.46 and a twelve month high of $63.28. The company has a market cap of $5.38 billion, a P/E ratio of 18.86, a P/E/G ratio of 5.28 and a beta of 2.02. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The company’s fifty 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 quarterly earnings results on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping the consensus estimate 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 expect that Red Rock Resorts will post 1.44 EPS for the current year.

Institutional Trading of Red Rock Resorts

A number of institutional investors have recently modified their holdings of RRR. Vanguard Group Inc. boosted its stake in Red Rock Resorts by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock worth $239,576,000 after purchasing an additional 50,193 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Red Rock Resorts in the 4th quarter worth approximately $407,000. American Century Companies Inc. raised 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 last quarter. Quantbot Technologies LP raised its position in Red Rock Resorts by 258.7% during the 4th quarter. Quantbot Technologies LP now owns 21,512 shares of the company’s stock worth $995,000 after buying an additional 15,514 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new position in Red Rock Resorts during the 4th quarter worth approximately $1,479,000. 47.84% of the stock is currently 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.