Research Analysts’ Weekly Ratings Updates for Red Rock Resorts (RRR)

Posted by James Quigley on Feb 14th, 2025

Several brokerages have updated their recommendations and price targets on shares of Red Rock Resorts (NASDAQ: RRR) in the last few weeks:

2/12/2025 – Red Rock Resorts had its price target raised by analysts at Susquehanna from $60.00 to $61.00. They now have a “positive” rating on the stock.
2/12/2025 – Red Rock Resorts had its price target raised by analysts at Mizuho from $44.00 to $52.00. They now have a “neutral” rating on the stock.
2/12/2025 – Red Rock Resorts had its price target raised by analysts at Stifel Nicolaus from $50.00 to $54.00. They now have a “hold” rating on the stock.
2/4/2025 – Red Rock Resorts had its price target lowered by analysts at Susquehanna from $66.00 to $60.00. They now have a “positive” rating on the stock.
1/16/2025 – Red Rock Resorts had its price target lowered by analysts at JMP Securities from $61.00 to $57.00. They now have a “market outperform” rating on the stock.
1/14/2025 – Red Rock Resorts had its price target lowered by analysts at Truist Financial Co. from $56.00 to $49.00. They now have a “hold” rating on the stock.
1/3/2025 – Red Rock Resorts had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $51.00 price target on the stock, down previously from $64.00.

Red Rock Resorts Price Performance

RRR stock opened at $52.10 on Friday. Red Rock Resorts, Inc. has a 1 year low of $42.46 and a 1 year high of $63.28. 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 stock has a market cap of $5.50 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 5.28 and a beta of 2.02. The company has a 50 day simple moving average of $47.37 and a 200 day simple moving average of $51.35.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last announced its quarterly 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 8.59% and a return on equity of 73.20%. Research analysts anticipate that Red Rock Resorts, Inc. will post 1.44 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 1.92%. Red Rock Resorts’s dividend payout ratio is presently 37.04%.

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 raised its holdings in Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock valued at $41,000 after buying an additional 766 shares during the last quarter. Quarry LP increased its position in Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after acquiring an additional 930 shares during the period. US Bancorp DE raised its stake in shares of Red Rock Resorts by 2,223.9% during the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after acquiring an additional 1,490 shares during the last quarter. KBC Group NV lifted its holdings in shares of 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 purchasing an additional 540 shares during the period. Finally, nVerses Capital LLC grew its stake in shares of Red Rock Resorts by 28.6% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $196,000 after purchasing an additional 800 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors.

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.