Red Rock Resorts' (RRR) Hold Rating Reiterated at Jefferies Financial Group

Red Rock Resorts (NASDAQ:RRR - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Jefferies Financial Group in a note issued to investors on Friday, Marketbeat reports. They presently have a $51.00 price target on the stock, down from their prior price target of $64.00. Jefferies Financial Group's price target suggests a potential upside of 13.56% from the company's previous close.

Several other brokerages have also commented on RRR. Mizuho lowered shares of Red Rock Resorts from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $57.00 to $44.00 in a research note on Monday, November 25th. Macquarie decreased their target price on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. 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. Wells Fargo & Company decreased 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $59.69.

Red Rock Resorts Stock Up 0.4 %

RRR stock traded up $0.19 during mid-day trading on Friday, reaching $44.91. The company had a trading volume of 629,153 shares, compared to its average volume of 603,327. The firm has a fifty day simple moving average of $49.69 and a 200 day simple moving average of $53.06. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 6.69 and a beta of 2.01. Red Rock Resorts has a fifty-two week low of $43.64 and a fifty-two week high of $63.28.

Institutional Trading of Red Rock Resorts

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of 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 during the last quarter. Rhumbline Advisers lifted its holdings in Red Rock Resorts by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 76,663 shares of the company's stock worth $4,211,000 after buying an additional 3,146 shares during the last quarter. Arizona State Retirement System grew its position in shares of Red Rock Resorts by 3.3% in the 2nd quarter. Arizona State Retirement System now owns 14,086 shares of the company's stock worth $774,000 after acquiring an additional 444 shares in the last quarter. Malaga Cove Capital LLC grew its position in shares of Red Rock Resorts by 54.5% in the 2nd quarter. Malaga Cove Capital LLC now owns 9,114 shares of the company's stock worth $501,000 after acquiring an additional 3,215 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Red Rock Resorts by 9.8% in the 2nd quarter. American Century Companies Inc. now owns 34,521 shares of the company's stock valued at $1,896,000 after acquiring an additional 3,084 shares during 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.