Red Rock Resorts Inc [RRR] stock is trading at $46.54, up 3.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The RRR shares have gain 3.91% over the last week, with a monthly amount drifted -6.83%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Red Rock Resorts Inc [NASDAQ: RRR] stock has seen the most recent analyst activity on January 03, 2025, when Jefferies downgraded its rating to a Hold and also revised its price target to $51 from $64. Previously, Mizuho downgraded its rating to Neutral on November 25, 2024, and dropped its price target to $44. On July 24, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $64 on the stock. BofA Securities upgraded its rating to a Neutral and decreased its price target to $55 on May 13, 2024. Mizuho initiated its recommendation with a Buy and recommended $69 as its price target on March 26, 2024. Barclays started tracking with a Overweight rating for this stock on January 18, 2024, and assigned it a price target of $60. In a note dated January 17, 2024, Macquarie upgraded an Outperform rating on this stock.
Red Rock Resorts Inc [RRR] stock has fluctuated between $42.46 and $63.28 over the past year. Currently, Wall Street analysts expect the stock to reach $54.29 within the next 12 months. Red Rock Resorts Inc [NASDAQ: RRR] shares were valued at $46.54 at the most recent close of the market. An investor can expect a potential return of 16.65% based on the average RRR price forecast.
Analyzing the RRR fundamentals
Red Rock Resorts Inc [NASDAQ:RRR] reported sales of 1.91B for the trailing twelve months, which represents a growth of 13.70%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 1.33 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of19.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.64 points at the first support level, and at 44.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.64, and for the 2nd resistance point, it is at 48.74.
Ratios To Look Out For
For context, Red Rock Resorts Inc’s Current Ratio is 1.02. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 2.58, the price to book ratio is 15.81 and price to earnings (TTM) ratio is 20.19.
Transactions by insiders
Recent insider trading involved FERTITTA LORENZO J, Vice President, that happened on Aug 06 ’24 when 33000.0 shares were purchased. Vice President, FERTITTA LORENZO J completed a deal on Aug 05 ’24 to buy 33000.0 shares. Meanwhile, Chief Executive Officer FERTITTA FRANK J III bought 67000.0 shares on Aug 06 ’24.
