Red Rock Resorts (NASDAQ:RRR) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday, January 4th.

Other equities analysts have also issued reports about the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Red Rock Resorts in a research report on Thursday, December 21st. Stifel Nicolaus reissued a “buy” rating and set a $28.00 price target (up from $27.00) on shares of Red Rock Resorts in a research report on Tuesday, October 10th. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Union Gaming Research lowered shares of Red Rock Resorts from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.94.

Red Rock Resorts (RRR) opened at $34.21 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.26 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 $35.16. The stock has a market cap of $3,995.28, a PE ratio of 24.40, a price-to-earnings-growth ratio of 5.17 and a beta of 1.59.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Red Rock Resorts had a net margin of 1.61% and a return on equity of 15.00%. The business had revenue of $400.37 million for the quarter, compared to analysts’ expectations of $391.48 million. equities analysts anticipate that Red Rock Resorts will post 0.29 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Red Rock Resorts by 103.2% in the 2nd quarter. California State Teachers Retirement System now owns 120,408 shares of the company’s stock valued at $2,836,000 after acquiring an additional 61,164 shares during the period. Bank of New York Mellon Corp boosted its stake in Red Rock Resorts by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 510,513 shares of the company’s stock worth $11,824,000 after purchasing an additional 26,420 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Red Rock Resorts by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,450,279 shares of the company’s stock worth $81,254,000 after purchasing an additional 58,707 shares during the last quarter. Swiss National Bank boosted its stake in Red Rock Resorts by 65.9% during the 3rd quarter. Swiss National Bank now owns 113,300 shares of the company’s stock worth $2,624,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in Red Rock Resorts by 1.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,679,886 shares of the company’s stock worth $108,386,000 after purchasing an additional 86,124 shares during the last quarter. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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