Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have earned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $26.15.

A number of analysts recently issued reports on RRR shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a research report on Friday, July 14th. Bank of America Corporation reaffirmed a “buy” rating and issued a $26.00 target price (up previously from $24.50) on shares of Red Rock Resorts in a research report on Monday, June 5th. Finally, Zacks Investment Research downgraded Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday.

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Institutional investors have recently made changes to their positions in the company. Bamco Inc. NY increased its position in shares of Red Rock Resorts by 28.8% in the second quarter. Bamco Inc. NY now owns 5,545,089 shares of the company’s stock worth $130,587,000 after buying an additional 1,239,693 shares during the period. Vanguard Group Inc. increased its position in shares of Red Rock Resorts by 16.0% in the second quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock worth $113,788,000 after buying an additional 666,099 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Red Rock Resorts by 5.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,593,762 shares of the company’s stock worth $108,183,000 after buying an additional 226,988 shares during the period. JPMorgan Chase & Co. increased its position in shares of Red Rock Resorts by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 3,450,279 shares of the company’s stock worth $81,254,000 after buying an additional 58,707 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Red Rock Resorts by 1.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,773,069 shares of the company’s stock worth $41,756,000 after buying an additional 21,967 shares during the period. 59.47% of the stock is currently owned by hedge funds and other institutional investors.

Red Rock Resorts (NASDAQ RRR) opened at 22.01 on Tuesday. The firm’s market capitalization is $1.45 billion. The firm has a 50-day moving average price of $23.67 and a 200 day moving average price of $23.17. Red Rock Resorts has a 12 month low of $20.58 and a 12 month high of $24.94.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, August 11th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 83.33%.

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.

Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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