Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $62.58.
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Susquehanna lifted their price objective on shares of Red Rock Resorts from $63.00 to $70.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $65.00 target price on shares of Red Rock Resorts in a research note on Monday, October 14th. Macquarie lifted their price target on Red Rock Resorts from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price objective on Red Rock Resorts from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th.
Read Our Latest Research Report on RRR
Insider Activity
Institutional Trading of Red Rock Resorts
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RRR. Covestor Ltd grew its holdings in Red Rock Resorts by 16,666.7% during the 1st quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares during the period. Headlands Technologies LLC bought a new stake in shares of Red Rock Resorts during the 1st quarter valued at about $78,000. Point72 DIFC Ltd acquired a new stake in Red Rock Resorts during the second quarter worth approximately $98,000. nVerses Capital LLC bought a new stake in Red Rock Resorts in the second quarter worth approximately $154,000. Finally, Mayfair Advisory Group LLC acquired a new position in Red Rock Resorts in the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 47.84% of the company’s stock.
Red Rock Resorts Stock Performance
RRR opened at $51.22 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 15.15. Red Rock Resorts has a 12-month low of $37.82 and a 12-month high of $63.28. The business has a 50 day moving average of $54.35 and a 200-day moving average of $54.45. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 5.42 and a beta of 2.04.
Red Rock Resorts (NASDAQ:RRR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.16. Red Rock Resorts had a return on equity of 83.84% and a net margin of 9.21%. The business had revenue of $486.40 million during the quarter, compared to the consensus estimate of $475.80 million. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities research analysts expect that Red Rock Resorts will post 1.64 earnings per share for the current year.
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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