Red Rock Resorts (NASDAQ:RRR) Given New $45.00 Price Target at Truist Financial

2025-04-26T07:12:58Z

Red Rock Resorts (NASDAQ:RRR – Free Report) had its target price trimmed by Truist Financial from $56.00 to $45.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock. Several other equities analysts hav…

Several other equities analysts have also recently issued reports on RRR. Mizuho raised their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna decreased their price target on shares of Red Rock Resorts from $61.00 to $52.00 and set a “positive” rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus increased their price objective on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. JMP Securities decreased their target price on Red Rock Resorts from $59.00 to $55.00 and set a “market outperform” rating for the company in a research note on Thursday, April 17th. Finally, Morgan Stanley lowered their target price on Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $54.33.

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Red Rock Resorts Price Performance

RRR opened at $42.60 on Wednesday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts has a 1-year low of $35.09 and a 1-year high of $61.73. The company has a 50-day moving average of $44.20 and a 200-day moving average of $47.64. The company has a market capitalization of $4.52 billion, a P/E ratio of 16.97, a PEG ratio of 4.32 and a beta of 1.69.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Equities analysts expect that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.35%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 39.84%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RRR. KBC Group NV grew its position in Red Rock Resorts by 44.6% in the 1st quarter. KBC Group NV now owns 2,887 shares of the company’s stock valued at $125,000 after buying an additional 891 shares in the last quarter. Mayfair Advisory Group LLC increased its stake in shares of Red Rock Resorts by 8.1% during the first quarter. Mayfair Advisory Group LLC now owns 4,861 shares of the company’s stock valued at $211,000 after acquiring an additional 364 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Red Rock Resorts by 19.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,602,368 shares of the company’s stock valued at $69,494,000 after acquiring an additional 258,310 shares during the period. SG Americas Securities LLC bought a new stake in Red Rock Resorts during the first quarter worth approximately $750,000. Finally, Rhumbline Advisers lifted its position in Red Rock Resorts by 1.3% in the first quarter. Rhumbline Advisers now owns 73,332 shares of the company’s stock worth $3,180,000 after purchasing an additional 906 shares during the period. 47.84% of the stock is owned by institutional investors and hedge funds.

About Red Rock Resorts

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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.