Red Rock Resorts (NASDAQ:RRR) Receives “Outperform” Rating from Mizuho

Red Rock Resorts (NASDAQ:RRR)‘s stock had its “outperform” rating reaffirmed by analysts at Mizuho in a research note issued on Tuesday,Benzinga reports. They currently have a $57.00 price target on the stock, down from their prior price target of $67.00. Mizuho’s price objective indicates a potential upside of 8.49% from the stock’s current price.

Other research analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Barclays dropped their price objective on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday. Truist Financial dropped their price objective on Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on Red Rock Resorts from $59.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Susquehanna upped their price objective on Red Rock Resorts from $63.00 to $70.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Red Rock Resorts Price Performance

Red Rock Resorts stock opened at $52.54 on Tuesday. Red Rock Resorts has a 12 month low of $40.22 and a 12 month high of $63.28. The company has a debt-to-equity ratio of 15.15, a current ratio of 0.94 and a quick ratio of 0.89. The business has a 50 day simple moving average of $53.59 and a 200-day simple moving average of $53.84. The stock has a market capitalization of $5.55 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 5.61 and a beta of 2.04.

Institutional Trading of Red Rock Resorts

A number of large investors have recently made changes to their positions in the stock. Bamco Inc. NY boosted its stake in shares of Red Rock Resorts by 0.5% during the first quarter. Bamco Inc. NY now owns 10,409,100 shares of the company’s stock valued at $622,672,000 after acquiring an additional 50,246 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Red Rock Resorts by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 5,136,942 shares of the company’s stock valued at $307,292,000 after acquiring an additional 209,593 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of Red Rock Resorts by 23.7% during the 2nd quarter. Eminence Capital LP now owns 1,952,754 shares of the company’s stock worth $107,265,000 after acquiring an additional 374,128 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Red Rock Resorts by 26.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,196,195 shares of the company’s stock worth $65,706,000 after acquiring an additional 251,855 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Red Rock Resorts by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 404,153 shares of the company’s stock valued at $22,200,000 after purchasing an additional 24,992 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

About Red Rock Resorts

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.