Susquehanna Lowers Red Rock Resorts (NASDAQ:RRR) Price Target to $60.00

Red Rock Resorts (NASDAQ:RRR) had its target price reduced by Susquehanna from $66.00 to $60.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a positive rating on the stock.

RRR has been the subject of a number of other reports. JMP Securities reduced their price objective on shares of 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 reduced their target price on shares of 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. Macquarie reduced their target price on shares of 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. Barclays reduced their target price on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, Mizuho cut shares of Red Rock Resorts from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $44.00 in a research report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.25.

Red Rock Resorts Trading Up 0.1 %

RRR stock opened at $48.88 on Tuesday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The company has a fifty day moving average price of $47.32 and a two-hundred day moving average price of $51.61. Red Rock Resorts has a one year low of $42.46 and a one year high of $63.28. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 5.30 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. The firm had revenue of $468.02 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the previous year, the business posted $0.60 earnings per share. Equities analysts anticipate that Red Rock Resorts will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its stake in Red Rock Resorts by 479.4% in the third quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after purchasing an additional 930 shares in the last quarter. US Bancorp DE raised its stake in Red Rock Resorts by 2,223.9% during the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after acquiring an additional 1,490 shares in the last quarter. KBC Group NV raised its stake in Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after acquiring an additional 540 shares in the last quarter. nVerses Capital LLC raised its stake in Red Rock Resorts by 28.6% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $196,000 after acquiring an additional 800 shares in the last quarter. Finally, Mayfair Advisory Group LLC raised its stake in Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock worth $208,000 after acquiring an additional 591 shares in the last quarter. Institutional investors and hedge funds 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.