Back to News
investment

Benchmark Initiates Coverage of Red Rock Resorts (RRR) with Buy Recommendation

Fintel
Loading...
4 min read
0 likes
⚡ Quantum Brief
Benchmark initiated coverage of Red Rock Resorts (RRR) with a "Buy" recommendation on March 23, 2026, projecting a 28.45% upside from its $58.08 closing price. Analysts set a one-year price target of $74.61, ranging from $59.59 to $84.00, while forecasting 4.1% revenue growth to $2.09B and non-GAAP EPS of $2.95. Institutional ownership dropped 22.24% to 53.69M shares, with 169 fewer funds holding positions, though average portfolio allocation rose 47.3% to 0.11%. Bamco increased its stake by 2% to 12.52M shares (21.45% ownership), while Diamond Hill and Eminence Capital cut holdings by 22.24% and 48.77%, respectively. A bearish put/call ratio of 1.53 contrasts with the "Buy" rating, signaling mixed market sentiment despite the bullish analyst outlook.
AI Audio Summary
0:00 / 0:00
Click to play
97f3403c-cafd-4120-938d-c54e631f918d.jpeg
Quantum News · Media Library

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks RRR Benchmark Initiates Coverage of Red Rock Resorts (RRR) with Buy Recommendation March 23, 2026 — 08:04 pm EDT Written by George Maybach for Fintel-> Fintel reports that on March 23, 2026, Benchmark initiated coverage of Red Rock Resorts (NasdaqGS:RRR) with a Buy recommendation.

Analyst Price Forecast Suggests 28.45% Upside As of February 25, 2026, the average one-year price target for Red Rock Resorts is $74.61/share. The forecasts range from a low of $59.59 to a high of $84.00. The average price target represents an increase of 28.45% from its latest reported closing price of $58.08 / share. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Red Rock Resorts is 2,094MM, an increase of 4.10%. The projected annual non-GAAP EPS is 2.95. What is the Fund Sentiment? There are 321 funds or institutions reporting positions in Red Rock Resorts. This is an decrease of 169 owner(s) or 34.49% in the last quarter. Average portfolio weight of all funds dedicated to RRR is 0.11%, an increase of 47.30%. Total shares owned by institutions decreased in the last three months by 22.24% to 53,692K shares. The put/call ratio of RRR is 1.53, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 12,520K shares representing 21.45% ownership of the company. In its prior filing, the firm reported owning 12,269K shares , representing an increase of 2.00%. The firm increased its portfolio allocation in RRR by 5.78% over the last quarter.

Diamond Hill Capital Management holds 2,003K shares representing 3.43% ownership of the company. In its prior filing, the firm reported owning 2,449K shares , representing a decrease of 22.24%. The firm decreased its portfolio allocation in RRR by 10.42% over the last quarter. Eminence Capital holds 1,614K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 2,401K shares , representing a decrease of 48.77%. The firm decreased its portfolio allocation in RRR by 11.05% over the last quarter. Arrowstreet Capital, Limited Partnership holds 1,337K shares representing 2.29% ownership of the company. In its prior filing, the firm reported owning 1,355K shares , representing a decrease of 1.34%. The firm decreased its portfolio allocation in RRR by 7.00% over the last quarter. Fuller & Thaler Asset Management holds 1,207K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 1,125K shares , representing an increase of 6.86%. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.Click to Learn MoreThis story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags Stocks Fintel Fintel is a leading provider of financial data and insights for intelligent, data-driven investors. With coverage of over 75,000 listed companies on all major stock exchanges, Fintel has the most comprehensive coverage of global equities at prices individual investors can afford. Check out our Unique Analysis of Insider Sentiment for Red Rock Resorts, Inc.-> Find out what the Options Markets think of Red Rock Resorts, Inc.-> See our take on Red Rock Resorts, Inc. Upcoming Earnings-> More articles by this source-> Stocks mentioned RRR More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

Read Original

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.