Red Rock Resorts Inc [RRR] stock prices are down -4.88% to $40.34 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RRR shares have gain 3.41% over the last week, with a monthly amount drifted -8.61%, 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.
The stock price of Red Rock Resorts Inc [RRR] has been fluctuating between $35.09 and $61.73 over the past year. Currently, Wall Street analysts expect the stock to reach $50 within the next 12 months. Red Rock Resorts Inc [NASDAQ: RRR] shares were valued at $40.34 at the most recent close of the market. An investor can expect a potential return of 23.95% based on the average RRR price forecast.
Analyzing the RRR fundamentals
The Red Rock Resorts Inc [NASDAQ:RRR] reported sales of 1.94B for trailing twelve months, representing a surge of 7.13%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 1.18 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of15.87.
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 39.13 points at the first support level, and at 37.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.56, and for the 2nd resistance point, it is at 42.79.
Ratios To Look Out For
It’s worth pointing out that Red Rock Resorts Inc [NASDAQ:RRR]’s Current Ratio is 0.91. Further, the Quick Ratio stands at 0.86, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 11.19 and price to earnings (TTM) ratio is 18.26.
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.
