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

Red Rock Resorts (NASDAQ:RRR) had its price target boosted by investment analysts at Mizuho from $44.00 to $52.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential upside of 2.12% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Truist Financial lowered 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. 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 lowered their target price on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, November 8th. JMP Securities lowered their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Finally, Barclays decreased their price objective on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $57.92.

Red Rock Resorts Stock Up 1.0 %

Shares of NASDAQ:RRR opened at $50.92 on Wednesday. The stock’s 50-day moving average price is $47.30 and its 200-day moving average price is $51.35. Red Rock Resorts has a 12-month low of $42.46 and a 12-month high of $63.28. The stock has a market capitalization of $5.38 billion, a P/E ratio of 18.86, a price-to-earnings-growth 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.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. On average, equities analysts anticipate that Red Rock Resorts will post 1.44 earnings per share for the current year.

Hedge Funds Weigh In On Red Rock Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its position in Red Rock Resorts by 479.4% during the third quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after purchasing an additional 930 shares during the last quarter. US Bancorp DE lifted its position in Red Rock Resorts by 2,223.9% during the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after purchasing an additional 1,490 shares during the last quarter. KBC Group NV lifted its position in Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after purchasing an additional 540 shares during the last quarter. nVerses Capital LLC lifted its position in Red Rock Resorts by 28.6% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $196,000 after purchasing an additional 800 shares during the last quarter. Finally, Mayfair Advisory Group LLC bought a new position in Red Rock Resorts during the third quarter valued at $218,000. Institutional investors 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.