Red Rock Resorts (NASDAQ:RRR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Red Rock Resorts (NASDAQ:RRR) had its price target boosted by investment analysts at Stifel Nicolaus from $50.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 1.48% from the stock’s current price.

Other analysts also recently issued reports about the company. Mizuho increased their price target on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lowered their price objective on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. JMP Securities reduced their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.33.

Red Rock Resorts Stock Up 4.5 %

Shares of Red Rock Resorts stock traded up $2.29 during trading hours on Wednesday, reaching $53.21. The company’s stock had a trading volume of 198,113 shares, compared to its average volume of 627,175. The company has a market capitalization of $5.62 billion, a P/E ratio of 19.77, a P/E/G ratio of 5.28 and a beta of 2.02. The stock’s fifty day simple moving average is $47.30 and its two-hundred day simple moving average is $51.35. Red Rock Resorts has a one year low of $42.46 and a one year high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. On average, research analysts forecast that Red Rock Resorts will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Red Rock Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bamco Inc. NY grew its stake in Red Rock Resorts by 1.0% in the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock worth $578,332,000 after buying an additional 106,509 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Red Rock Resorts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock valued at $239,576,000 after buying an additional 50,193 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Red Rock Resorts by 20.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock worth $62,149,000 after acquiring an additional 229,843 shares in the last quarter. Geode Capital Management LLC increased its stake in Red Rock Resorts by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock valued at $63,776,000 after acquiring an additional 14,029 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Red Rock Resorts by 3.5% during the third quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock valued at $61,763,000 after purchasing an additional 38,443 shares in the last quarter. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Company Profile

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.