Red Rock Resorts (NASDAQ:RRR) Given New $52.00 Price Target at Mizuho

Red Rock Resorts (NASDAQ:RRR) had its price objective increased by stock analysts at Mizuho from $44.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential downside of 0.19% from the stock’s current price.

Other equities research analysts have also issued reports about the company. JMP Securities decreased their price objective on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. 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 research report on Thursday, October 17th. Jefferies Financial Group restated a “hold” rating and set a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Truist Financial decreased their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Finally, Macquarie decreased their price objective 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.33.

Red Rock Resorts Trading Up 1.0 %

NASDAQ:RRR opened at $52.10 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. Red Rock Resorts has a 1-year low of $42.46 and a 1-year high of $63.28. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 5.28 and a beta of 2.02. The stock has a fifty day simple moving average of $47.37 and a 200 day simple moving average of $51.35.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. Sell-side analysts forecast that Red Rock Resorts will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY raised its stake in shares of Red Rock Resorts by 1.0% in the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock valued at $578,332,000 after acquiring an additional 106,509 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Red Rock Resorts by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock valued at $239,576,000 after acquiring an additional 50,193 shares in the last quarter. Long Pond Capital LP raised its stake in shares of Red Rock Resorts by 142.5% in the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company’s stock valued at $68,165,000 after acquiring an additional 866,320 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Red Rock Resorts by 20.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after acquiring an additional 229,843 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 14,029 shares in the last quarter. 47.84% of the stock is 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.