Red Rock Resorts’ (RRR) Outperform Rating Reaffirmed at Mizuho

Red Rock Resorts (NASDAQ:RRR)‘s stock had its “outperform” rating reaffirmed by analysts at Mizuho in a research note issued on Tuesday,Benzinga reports. They currently have a $57.00 target price on the stock, down from their prior target price of $67.00. Mizuho’s price objective points to a potential upside of 11.15% from the company’s current price.

Several other research firms have also recently weighed in on RRR. Macquarie dropped their price target on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Truist Financial reduced their price target on shares of Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Barclays decreased their price target on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company lowered their price objective on shares of Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Finally, Morgan Stanley lifted their price objective on shares of Red Rock Resorts from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Red Rock Resorts has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Red Rock Resorts Stock Down 2.2 %

Shares of RRR opened at $51.28 on Tuesday. The stock has a fifty day simple moving average of $53.38 and a two-hundred day simple moving average of $53.81. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The company has a market capitalization of $5.42 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 6.52 and a beta of 2.04. Red Rock Resorts has a 52-week low of $42.80 and a 52-week high of $63.28.

Institutional Investors Weigh In On Red Rock Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Long Pond Capital LP purchased a new position in shares of Red Rock Resorts during the second quarter worth about $21,987,000. Eminence Capital LP increased its position in Red Rock Resorts by 23.7% during the second quarter. Eminence Capital LP now owns 1,952,754 shares of the company’s stock worth $107,265,000 after buying an additional 374,128 shares during the period. Sequoia Financial Advisors LLC increased its position in Red Rock Resorts by 4,050.3% during the third quarter. Sequoia Financial Advisors LLC now owns 333,769 shares of the company’s stock worth $18,170,000 after buying an additional 325,727 shares during the period. Hantz Financial Services Inc. purchased a new position in Red Rock Resorts during the 2nd quarter worth $14,384,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Red Rock Resorts by 26.7% in the second 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 during the period. 47.84% of the stock is currently owned by institutional investors and hedge funds.

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.