Barclays Lowers Red Rock Resorts (NASDAQ:RRR) Price Target to $62.00

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its target price lowered by investment analysts at Barclays from $65.00 to $62.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 16.39% from the stock's current price.

A number of other research firms have also recently issued reports on RRR. Susquehanna increased their target price on Red Rock Resorts from $63.00 to $70.00 and gave the stock a "positive" rating in a report on Wednesday, July 24th. Truist Financial decreased their price target on shares of Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Macquarie increased their target price on shares of Red Rock Resorts from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of Red Rock Resorts in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Red Rock Resorts from $62.00 to $69.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.25.

Red Rock Resorts Trading Down 4.3 %

Shares of Red Rock Resorts stock traded down $2.39 on Friday, hitting $53.27. 2,809,556 shares of the company's stock traded hands, compared to its average volume of 475,884. The stock has a market capitalization of $5.63 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 5.96 and a beta of 2.04. The firm's 50-day moving average price is $53.71 and its two-hundred day moving average price is $53.96. The company has a debt-to-equity ratio of 15.15, a current ratio of 0.94 and a quick ratio of 0.89. Red Rock Resorts has a one year low of $40.22 and a one year high of $63.28.

Institutional Investors Weigh In On Red Rock Resorts

Several institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY boosted its position in shares of Red Rock Resorts by 0.5% during the 1st quarter. Bamco Inc. NY now owns 10,409,100 shares of the company's stock worth $622,672,000 after acquiring an additional 50,246 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 worth $307,292,000 after buying an additional 209,593 shares in the last quarter. Eminence Capital LP lifted its position 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 buying an additional 374,128 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in 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 valued at $65,706,000 after buying an additional 251,855 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 acquiring an additional 24,992 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors.

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.