Red Rock Resorts Inc (RRR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Red Rock Resorts Inc (NASDAQ:RRR) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $29.56.

RRR has been the topic of a number of recent research reports. Deutsche Bank restated a “buy” rating and issued a $38.00 target price on shares of Red Rock Resorts in a report on Thursday, December 21st. BidaskClub lowered shares of Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Stifel Nicolaus restated a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of Red Rock Resorts in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Union Gaming Research lowered shares of Red Rock Resorts from a “buy” rating to a “hold” rating and reduced their target price for the company from $28.00 to $27.00 in a report on Thursday, November 9th.

Several hedge funds and other institutional investors have recently bought and sold shares of RRR. Bamco Inc. NY increased its stake in shares of Red Rock Resorts by 28.0% during the 3rd quarter. Bamco Inc. NY now owns 7,095,981 shares of the company’s stock valued at $164,343,000 after acquiring an additional 1,550,892 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Red Rock Resorts by 46.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,285,300 shares of the company’s stock valued at $99,248,000 after acquiring an additional 1,366,300 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Red Rock Resorts by 16.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock valued at $113,788,000 after acquiring an additional 666,099 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Red Rock Resorts by 2,392.6% during the 2nd quarter. Citadel Advisors LLC now owns 657,124 shares of the company’s stock valued at $15,475,000 after acquiring an additional 630,761 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Red Rock Resorts by 109.5% during the 2nd quarter. State Street Corp now owns 1,155,397 shares of the company’s stock valued at $27,210,000 after acquiring an additional 604,001 shares during the last quarter. 64.35% of the stock is owned by institutional investors.

Red Rock Resorts (NASDAQ RRR) opened at $34.45 on Friday. The stock has a market cap of $3,960.00 and a PE ratio of 33.45. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41. Red Rock Resorts has a 1-year low of $20.87 and a 1-year high of $34.89.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/01/19/red-rock-resorts-inc-rrr-given-consensus-recommendation-of-buy-by-brokerages.html.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply