Susquehanna Lowers Red Rock Resorts (NASDAQ:RRR) Price Target to $52.00

Red Rock Resorts (NASDAQ:RRR - Get Free Report) had its price target lowered by research analysts at Susquehanna from $61.00 to $52.00 in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a "positive" rating on the stock. Susquehanna's price target would indicate a potential upside of 27.76% from the stock's previous close.

A number of other research firms have also recently issued reports on RRR. Mizuho raised their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. JMP Securities lowered their target price on shares of 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. Jefferies Financial Group reissued a "hold" rating and issued a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Truist Financial dropped their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus upped their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $55.33.

Red Rock Resorts Trading Down 0.1 %

Red Rock Resorts stock traded down $0.06 during trading hours on Wednesday, hitting $40.70. The company had a trading volume of 448,460 shares, compared to its average volume of 563,896. 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 firm has a market cap of $4.32 billion, a P/E ratio of 16.22, a P/E/G ratio of 4.32 and a beta of 1.69. The company has a 50-day moving average price of $45.29 and a two-hundred day moving average price of $48.08. Red Rock Resorts has a 1 year low of $35.09 and a 1 year high of $61.73.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. On average, sell-side analysts anticipate that Red Rock Resorts will post 1.76 earnings per share for the current year.

Institutional Trading of Red Rock Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in RRR. Sterling Capital Management LLC boosted its stake in shares of Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after buying an additional 766 shares in the last quarter. KBC Group NV boosted its position in shares of Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after purchasing an additional 540 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Red Rock Resorts by 47.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after purchasing an additional 664 shares during the period. Mayfair Advisory Group LLC increased its holdings in shares of Red Rock Resorts by 15.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after purchasing an additional 591 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Red Rock Resorts in the fourth quarter valued at about $213,000. Hedge funds and other institutional investors own 47.84% of the company's stock.

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.