Red Rock Resorts (NASDAQ:RRR) Announces Quarterly Earnings Results

Red Rock Resorts (NASDAQ:RRR) released its earnings results on Tuesday. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.42 by $0.34, Zacks reports. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%.

Red Rock Resorts Stock Up 1.0 %

RRR stock opened at $50.92 on Wednesday. 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 firm has a market capitalization of $5.38 billion, a PE ratio of 18.86, a PEG ratio of 5.28 and a beta of 2.02. Red Rock Resorts has a 1-year low of $42.46 and a 1-year high of $63.28. The business’s 50 day simple moving average is $47.30 and its 200 day simple moving average is $51.35.

Analysts Set New Price Targets

RRR has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Susquehanna dropped their price objective on Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating on the stock in a research note on Tuesday, February 4th. Macquarie dropped their price objective on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Mizuho cut Red Rock Resorts from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $57.00 to $44.00 in a research note on Monday, November 25th. Finally, Truist Financial dropped their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Red Rock Resorts currently has an average rating of “Hold” and an average price target of $57.25.

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.