In a report released yesterday, Steven Wieczynski from Stifel Nicolaus maintained a Hold rating on Red Rock Resorts (RRR – Research Report), with a price target of $59.00. The company’s shares closed yesterday at $50.22.
Wieczynski covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, Carnival, and MGM Resorts. According to TipRanks, Wieczynski has an average return of 12.5% and a 52.81% success rate on recommended stocks.
Currently, the analyst consensus on Red Rock Resorts is a Moderate Buy with an average price target of $63.90, a 27.24% upside from current levels. In a report released on April 23, Truist Financial also maintained a Hold rating on the stock with a $60.00 price target.
Based on Red Rock Resorts’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $462.71 million and a net profit of $56.3 million. In comparison, last year the company earned a revenue of $425.47 million and had a net profit of $91.76 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is neutral on the stock.
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Red Rock Resorts (RRR) Company Description:
Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.
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