Red Rock Resorts (NASDAQ:RRR) Research Coverage Started at Barclays

Stock analysts at Barclays initiated coverage on shares of Red Rock Resorts (NASDAQ:RRRGet Free Report) in a research note issued to investors on Thursday, Briefing.com reports. The firm set an “overweight” rating and a $60.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 16.71% from the stock’s current price.

RRR has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Red Rock Resorts from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 8th. Truist Financial boosted their price target on Red Rock Resorts from $46.00 to $55.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. StockNews.com initiated coverage on Red Rock Resorts in a report on Thursday, October 5th. They set a “hold” rating on the stock. Wells Fargo & Company lowered their price objective on shares of Red Rock Resorts from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, November 7th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $48.00 target price (down from $49.00) on shares of Red Rock Resorts in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.90.

Get Our Latest Stock Analysis on RRR

Red Rock Resorts Price Performance

Shares of NASDAQ:RRR opened at $51.41 on Thursday. The firm has a market cap of $5.37 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 26.42 and a beta of 2.10. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.76 and a current ratio of 0.80. Red Rock Resorts has a 52 week low of $37.82 and a 52 week high of $54.63. The firm’s fifty day moving average is $48.26 and its 200-day moving average is $45.43.

Red Rock Resorts (NASDAQ:RRRGet Free Report) last released its earnings results on Tuesday, November 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $411.61 million during the quarter, compared to the consensus estimate of $410.87 million. Red Rock Resorts had a net margin of 12.54% and a return on equity of 159.42%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Sell-side analysts predict that Red Rock Resorts will post 1.56 earnings per share for the current year.

Institutional Trading of Red Rock Resorts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Red Rock Resorts during the first quarter valued at about $30,000. Lazard Asset Management LLC bought a new position in shares of Red Rock Resorts during the 4th quarter worth approximately $34,000. Spotlight Asset Group Inc. purchased a new position in shares of Red Rock Resorts in the 2nd quarter worth approximately $47,000. Tower Research Capital LLC TRC grew its holdings in shares of Red Rock Resorts by 601.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,283 shares of the company’s stock valued at $57,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Red Rock Resorts during the second quarter valued at approximately $92,000. 51.21% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Company Profile

(Get Free Report)

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 6 gaming and entertainment facilities, and 9 smaller casinos in the Las Vegas regional market.

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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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