Red Rock Resorts (NASDAQ:RRR) Price Target Cut to $64.00 by Analysts at Macquarie

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its price target reduced by research analysts at Macquarie from $65.00 to $64.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Macquarie's target price indicates a potential upside of 20.14% from the stock's current price.

RRR has been the topic of several other reports. Susquehanna increased their price target on Red Rock Resorts from $63.00 to $70.00 and gave the stock a "positive" rating in a research report on Wednesday, July 24th. Truist Financial cut their price target on Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Red Rock Resorts from $59.00 to $62.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of Red Rock Resorts in a research report on Monday, October 14th. Finally, Wells Fargo & Company dropped their target price on Red Rock Resorts from $64.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.25.

Red Rock Resorts Stock Performance

RRR traded down $2.39 during midday trading on Friday, hitting $53.27. 2,809,551 shares of the company were exchanged, compared to its average volume of 475,884. The company's 50 day simple moving average is $53.81 and its 200 day simple moving average is $54.00. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 5.96 and a beta of 2.04. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 15.15. Red Rock Resorts has a 1-year low of $40.22 and a 1-year high of $63.28.

Institutional Investors Weigh In On Red Rock Resorts

Several institutional investors have recently bought and sold shares of the company. Bamco Inc. NY lifted its stake in Red Rock Resorts by 0.5% in the 1st quarter. Bamco Inc. NY now owns 10,409,100 shares of the company's stock worth $622,672,000 after purchasing an additional 50,246 shares in the last quarter. Vanguard Group Inc. lifted its stake in Red Rock Resorts by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 5,136,942 shares of the company's stock worth $307,292,000 after purchasing an additional 209,593 shares in the last quarter. Eminence Capital LP lifted its stake in Red Rock Resorts by 23.7% in the 2nd quarter. Eminence Capital LP now owns 1,952,754 shares of the company's stock worth $107,265,000 after purchasing an additional 374,128 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Red Rock Resorts by 26.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,196,195 shares of the company's stock worth $65,706,000 after purchasing an additional 251,855 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Red Rock Resorts by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 404,153 shares of the company's stock worth $22,200,000 after purchasing an additional 24,992 shares in the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

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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