Red Rock Resorts (NASDAQ:RRR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, February 7th.
According to Zacks, “Red Rock Resorts manage and own an indirect equity interest in Station Casinos LLC. Station is the provider of gaming and entertainment primarily in Las Vegas, Nevada. Red Rock Resorts is based in LAS VEGAS, United States. “
RRR has been the subject of several other reports. Deutsche Bank restated a “buy” rating and issued a $38.00 price objective on shares of Red Rock Resorts in a report on Thursday, December 21st. Stifel Nicolaus reiterated a “buy” rating and set a $28.00 target price (up from $27.00) on shares of Red Rock Resorts in a report on Tuesday, October 10th. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Union Gaming Research lowered shares of Red Rock Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Thursday, November 9th. Finally, BidaskClub lowered shares of Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $31.43.
Shares of Red Rock Resorts (NASDAQ RRR) opened at $31.32 on Wednesday. Red Rock Resorts has a 12-month low of $20.87 and a 12-month high of $35.77. The firm has a market capitalization of $3,679.38, a PE ratio of 22.47, a price-to-earnings-growth ratio of 4.75 and a beta of 1.10. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.26 and a current ratio of 1.29.
Several hedge funds have recently modified their holdings of RRR. Wells Fargo & Company MN grew its position in shares of Red Rock Resorts by 62.8% during the 2nd quarter. Wells Fargo & Company MN now owns 133,006 shares of the company’s stock valued at $3,132,000 after acquiring an additional 51,285 shares during the period. Alliancebernstein L.P. boosted its holdings in Red Rock Resorts by 92.8% in the 2nd quarter. Alliancebernstein L.P. now owns 98,700 shares of the company’s stock worth $2,324,000 after buying an additional 47,500 shares during the period. Amalgamated Bank bought a new position in Red Rock Resorts in the 2nd quarter worth $208,000. UBS Asset Management Americas Inc. bought a new position in Red Rock Resorts in the 2nd quarter worth $250,000. Finally, Citigroup Inc. boosted its holdings in Red Rock Resorts by 121.0% in the 2nd quarter. Citigroup Inc. now owns 11,849 shares of the company’s stock worth $280,000 after buying an additional 6,488 shares during the period. 64.44% of the stock is owned by hedge funds and other institutional investors.
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About Red Rock Resorts
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.
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