Red Rock Resorts (NASDAQ:RRR – Get Rating) has been given a $45.00 target price by research analysts at KeyCorp in a note issued to investors on Tuesday, Stock Target Advisor reports. KeyCorp's target price points to a potential upside of 24.31% from the stock's current price.
A number of other equities research analysts also recently issued reports on the stock. Loop Capital started coverage on shares of Red Rock Resorts in a research note on Monday, July 11th. They set a "hold" rating and a $36.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Red Rock Resorts from $54.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, July 13th. StockNews.com downgraded shares of Red Rock Resorts from a "buy" rating to a "hold" rating in a research note on Thursday, May 5th. Berenberg Bank started coverage on shares of Red Rock Resorts in a research note on Thursday, May 12th. They issued a "buy" rating and a $50.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Red Rock Resorts from $56.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.75.
Get Red Rock Resorts alerts:Red Rock Resorts Price Performance
NASDAQ:RRR opened at $36.20 on Tuesday. Red Rock Resorts has a 52 week low of $30.98 and a 52 week high of $58.74. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 8.79 and a beta of 2.29. The firm's 50-day simple moving average is $35.69 and its 200 day simple moving average is $42.86. The company has a debt-to-equity ratio of 29.17, a quick ratio of 1.93 and a current ratio of 1.98.
Red Rock Resorts (NASDAQ:RRR – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.24. Red Rock Resorts had a net margin of 21.30% and a return on equity of 81.97%. The business had revenue of $401.64 million for the quarter, compared to analyst estimates of $408.32 million. During the same period last year, the firm earned $0.98 earnings per share. Red Rock Resorts's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Red Rock Resorts will post 2.01 earnings per share for the current year.Institutional Trading of Red Rock Resorts
Hedge funds have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Red Rock Resorts in the 1st quarter valued at $30,000. Lindbrook Capital LLC increased its stake in shares of Red Rock Resorts by 247.1% in the 1st quarter. Lindbrook Capital LLC now owns 1,024 shares of the company's stock valued at $50,000 after acquiring an additional 729 shares in the last quarter. AHL Investment Management Inc. bought a new stake in shares of Red Rock Resorts in the 4th quarter valued at $83,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Red Rock Resorts in the 1st quarter valued at $92,000. Finally, FourThought Financial LLC grew its position in Red Rock Resorts by 17.9% in the 1st quarter. FourThought Financial LLC now owns 2,353 shares of the company's stock valued at $114,000 after purchasing an additional 357 shares during the period. Institutional investors own 99.30% of the company's stock.
Red Rock Resorts Company Profile
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Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
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