Red Rock Resorts (NASDAQ:RRR) Given New $61.00 Price Target at Susquehanna

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its price objective hoisted by stock analysts at Susquehanna from $60.00 to $61.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's target price points to a potential upside of 15.55% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. JMP Securities dropped their price target on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company dropped their price objective on shares of 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. Macquarie dropped their price objective on shares of Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Jefferies Financial Group restated a "hold" rating and issued a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Truist Financial cut their target price on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $57.33.

Red Rock Resorts Stock Up 1.3 %

NASDAQ RRR traded up $0.69 on Wednesday, reaching $52.79. The company had a trading volume of 620,794 shares, compared to its average volume of 573,413. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 5.28 and a beta of 2.02. 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 has a 1-year low of $42.46 and a 1-year high of $63.28. The company's fifty day moving average is $47.44 and its 200-day moving average is $51.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates 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 fiscal year.

Institutional Investors Weigh In On Red Rock Resorts

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in Red Rock Resorts by 227.9% in the third quarter. Barclays PLC now owns 78,932 shares of the company's stock worth $4,297,000 after purchasing an additional 54,863 shares in the last quarter. GSA Capital Partners LLP bought a new position in Red Rock Resorts during the third quarter worth $842,000. Westfield Capital Management Co. LP boosted its stake 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 worth $61,763,000 after acquiring an additional 38,443 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Red Rock Resorts by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company's stock worth $4,856,000 after acquiring an additional 14,148 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Red Rock Resorts by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company's stock valued at $63,776,000 after buying an additional 14,029 shares in 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.