Red Rock Resorts (NASDAQ:RRR – Get Rating) had its price objective dropped by analysts at Truist Financial from $65.00 to $45.00 in a research note issued to investors on Wednesday, The Fly reports. Truist Financial's price objective suggests a potential upside of 25.80% from the company's current price.

RRR has been the subject of a number of other research reports. StockNews.com lowered shares of Red Rock Resorts from a "buy" rating to a "hold" rating in a research note on Thursday, May 5th. Wells Fargo & Company decreased their target price on shares of Red Rock Resorts from $56.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. Loop Capital began coverage on shares of Red Rock Resorts in a research note on Monday, July 11th. They set a "hold" rating and a $36.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Red Rock Resorts from $54.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, July 13th. Finally, KeyCorp set a $45.00 target price on shares of Red Rock Resorts in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.75.

Red Rock Resorts Trading Up 3.6 %

NASDAQ RRR opened at $35.77 on Wednesday. Red Rock Resorts has a twelve month low of $30.98 and a twelve month high of $58.74. The company has a debt-to-equity ratio of 29.17, a quick ratio of 1.93 and a current ratio of 1.98. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 8.68 and a beta of 2.29. The firm's 50 day moving average price is $35.69 and its two-hundred day moving average price is $42.91.

Institutional Investors Weigh In On Red Rock Resorts

Several institutional investors and hedge funds have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Red Rock Resorts in the 1st quarter worth $30,000. Lindbrook Capital LLC raised its holdings in Red Rock Resorts by 247.1% in the 1st quarter. Lindbrook Capital LLC now owns 1,024 shares of the company's stock worth $50,000 after acquiring an additional 729 shares during the period. AHL Investment Management Inc. bought a new position in Red Rock Resorts in the 4th quarter worth $83,000. Counterpoint Mutual Funds LLC bought a new position in Red Rock Resorts in the 1st quarter worth $92,000. Finally, FourThought Financial LLC raised its holdings in Red Rock Resorts by 17.9% in the 1st quarter. FourThought Financial LLC now owns 2,353 shares of the company's stock worth $114,000 after acquiring an additional 357 shares during the period. Institutional investors and hedge funds own 99.30% of the company's stock.

About Red Rock Resorts

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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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