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

Red Rock Resorts (NASDAQ:RRR) had its price objective decreased by stock analysts at Susquehanna from $61.00 to $52.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 27.76% from the stock’s previous close.

RRR has been the topic of several other research reports. Stifel Nicolaus lifted their price target on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Mizuho upped their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. JMP Securities lowered their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Truist Financial reduced their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. 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 given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.33.

Red Rock Resorts Stock Down 0.1 %

Shares of NASDAQ:RRR opened at $40.70 on Wednesday. The firm has a 50 day simple moving average of $45.49 and a 200-day simple moving average of $48.18. Red Rock Resorts has a twelve month low of $35.09 and a twelve month high of $61.73. 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 has a market capitalization of $4.32 billion, a PE ratio of 16.22, a P/E/G ratio of 4.32 and a beta of 1.69.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. On average, equities analysts predict that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RRR. Bamco Inc. NY lifted its holdings in Red Rock Resorts by 6.9% in the fourth quarter. Bamco Inc. NY now owns 11,356,201 shares of the company’s stock valued at $525,111,000 after acquiring an additional 732,917 shares during the period. Vanguard Group Inc. lifted 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 purchasing an additional 50,193 shares during the period. Eminence Capital LP boosted its holdings in Red Rock Resorts by 36.1% during the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company’s stock worth $95,097,000 after buying an additional 546,047 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Red Rock Resorts by 19.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,602,368 shares of the company’s stock worth $69,494,000 after buying an additional 258,310 shares during the period. Finally, Long Pond Capital LP increased its holdings in Red Rock Resorts by 142.5% in the fourth quarter. Long Pond Capital LP now owns 1,474,153 shares of the company’s stock valued at $68,165,000 after buying an additional 866,320 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.