Red Rock Resorts (NASDAQ:RRR) Earns "Outperform" Rating from Mizuho

Red Rock Resorts (NASDAQ:RRR - Get Free Report)'s stock had its "outperform" rating restated by analysts at Mizuho in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $57.00 price objective on the stock, down from their prior price objective of $67.00. Mizuho's target price would indicate a potential upside of 8.76% from the company's current price.

Other equities research analysts have also issued research reports about the company. Susquehanna lifted their target price on Red Rock Resorts from $63.00 to $70.00 and gave the company a "positive" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted 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 report on Wednesday, July 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 target price on shares of Red Rock Resorts in a research report on Monday, October 14th. Truist Financial decreased their price objective on Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price on Red Rock Resorts from $59.00 to $62.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Red Rock Resorts currently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

Red Rock Resorts Trading Down 0.2 %

RRR stock traded down $0.13 during midday trading on Tuesday, hitting $52.41. 854,862 shares of the company's stock were exchanged, compared to its average volume of 478,745. Red Rock Resorts has a one year low of $40.22 and a one year high of $63.28. The stock's fifty day moving average price is $53.59 and its 200-day moving average price is $53.84. The company has a market cap of $5.54 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 5.61 and a beta of 2.04. The company has a debt-to-equity ratio of 15.15, a quick ratio of 0.89 and a current ratio of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its holdings 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 buying an additional 50,246 shares in the last quarter. Vanguard Group Inc. raised its stake in Red Rock Resorts by 4.3% during the first quarter. Vanguard Group Inc. now owns 5,136,942 shares of the company's stock worth $307,292,000 after acquiring an additional 209,593 shares in the last quarter. Eminence Capital LP lifted its holdings in shares of Red Rock Resorts by 23.7% in the second quarter. Eminence Capital LP now owns 1,952,754 shares of the company's stock worth $107,265,000 after acquiring an additional 374,128 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of 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 valued at $65,706,000 after purchasing an additional 251,855 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Red Rock Resorts by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company's stock valued at $31,418,000 after purchasing an additional 4,810 shares during the last quarter. Institutional investors and hedge funds 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.