Red Rock Resorts (NASDAQ:RRR) Given New $55.00 Price Target at JMP Securities

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its target price reduced by equities researchers at JMP Securities from $59.00 to $55.00 in a report released on Thursday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' price objective suggests a potential upside of 34.75% from the company's current price.

Several other research firms also recently commented on RRR. Morgan Stanley reduced their price target on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Stifel Nicolaus upped their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Truist Financial reduced their price target on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Susquehanna cut their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research note on Wednesday. Finally, Mizuho raised their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $55.33.

Red Rock Resorts Trading Up 0.1 %

Shares of NASDAQ:RRR traded up $0.06 during trading on Thursday, reaching $40.82. The company's stock had a trading volume of 94,134 shares, compared to its average volume of 560,157. The stock has a market capitalization of $4.33 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $61.73. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The firm's 50 day simple moving average is $45.69 and its two-hundred day simple moving average is $48.27.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its 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 return on equity of 71.00% and a net margin of 7.94%. On average, research analysts predict that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Institutional Trading of Red Rock Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in Red Rock Resorts by 1.5% during the 4th quarter. Arizona State Retirement System now owns 14,707 shares of the company's stock worth $680,000 after acquiring an additional 216 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Red Rock Resorts by 3.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,662 shares of the company's stock valued at $492,000 after acquiring an additional 314 shares during the period. KBC Group NV raised its stake in shares of Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after purchasing an additional 540 shares during the last quarter. Mayfair Advisory Group LLC lifted its stake in shares of Red Rock Resorts by 15.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock worth $208,000 after acquiring an additional 591 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock valued at $95,000 after purchasing an additional 664 shares in the last quarter. 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.

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