Red Rock Resorts (NASDAQ:RRR) Price Target Cut to $67.00 by Analysts at Citizens Jmp

Red Rock Resorts (NASDAQ:RRR) had its price target decreased by Citizens Jmp from $71.00 to $67.00 in a research report report published on Thursday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other equities analysts have also issued reports on the company. Barclays raised their target price on Red Rock Resorts from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $72.00 target price on shares of Red Rock Resorts in a research note on Thursday. Truist Financial reduced their target price on Red Rock Resorts from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group reduced their target price on Red Rock Resorts from $79.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Benchmark reduced their price objective on Red Rock Resorts from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Red Rock Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.87.

Red Rock Resorts Stock Performance

Shares of RRR stock opened at $53.96 on Thursday. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.48. The company has a debt-to-equity ratio of 10.26, a current ratio of 0.79 and a quick ratio of 0.74. The business has a fifty day moving average of $57.42 and a 200 day moving average of $59.23. Red Rock Resorts has a 1 year low of $41.90 and a 1 year high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). The firm had revenue of $507.32 million during the quarter, compared to analysts’ expectations of $505.63 million. Red Rock Resorts had a return on equity of 58.18% and a net margin of 9.21%.The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. As a group, research analysts expect that Red Rock Resorts will post 2.12 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 33.23%.

Hedge Funds Weigh In On Red Rock Resorts

Institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC purchased a new position in shares of Red Rock Resorts during the 4th quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Red Rock Resorts during the 4th quarter valued at about $27,000. Rockefeller Capital Management L.P. grew its position in shares of Red Rock Resorts by 1,924.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares during the period. Strs Ohio acquired a new stake in shares of Red Rock Resorts during the 3rd quarter valued at about $37,000. Finally, GAMMA Investing LLC grew its position in shares of Red Rock Resorts by 53.8% during the 4th quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after acquiring an additional 263 shares during the period. Hedge funds and other institutional investors own 47.84% of the company’s stock.

More Red Rock Resorts News

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Q1 results beat on the bottom line: RRR reported $0.73 EPS vs. consensus ~$0.56 and revenue of $507.3M (up 1.9% YoY), showing operating resilience even with modest revenue growth. Strong margins/ROE were highlighted by the company. PR Newswire: Q1 Results
• Positive Sentiment: Management reiterated business activity in the quarter (conference call and slide deck available); some commentary flagged record or near‑record revenue mix and construction activity that could support medium‑term growth. Yahoo: Earnings Highlights
• Positive Sentiment: Dividend maintained: the company declared a quarterly dividend of $0.26 (annualized yield ~1.9%), which supports income investors. (Record/ex‑dividend dates scheduled for June.)
• Neutral Sentiment: Revenue was essentially in line with estimates (miss by a small amount vs. some street models), so the beat was driven by expense/margin performance rather than top‑line surprise. Market coverage and call transcripts are available for deeper color. Seeking Alpha: Call Transcript
• Negative Sentiment: Multiple analysts trimmed price targets the same day as the print—JPMorgan lowered to $66 (still Overweight), Citizens Jmp to $67 (Market Outperform), Benchmark to $63 (Buy), Truist to $68 (Buy) and Wells Fargo cut to $55 and set an Equal‑Weight. Those downgrades/revisions reduce visible upside and likely pressured the stock despite largely positive ratings remaining. Benzinga: Analyst PT Changes
• Negative Sentiment: Heightened volume on the move: trading was well above normal, indicating active repositioning by investors after the quarter and the analyst repricing (sell pressure can amplify a modest negative headline). Market technicals (50/200‑day averages) also show the stock below recent moving averages, which can add to short‑term downside momentum.

About Red Rock Resorts

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.