Red Rock Resorts, Inc. (NASDAQ:RRR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and issued a $27.00 price objective on shares of Red Rock Resorts in a research note on Friday, July 14th. Finally, Bank of America Corporation restated a “buy” rating and issued a $26.00 price objective (up from $24.50) on shares of Red Rock Resorts in a research note on Monday, June 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Red Rock Resorts has an average rating of “Buy” and a consensus price target of $26.25.

Red Rock Resorts (NASDAQ:RRR) opened at 22.68 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 57.71 and a beta of 0.69. The stock has a 50 day moving average price of $22.91 and a 200 day moving average price of $22.99. Red Rock Resorts has a 12 month low of $20.58 and a 12 month high of $24.94.

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Hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. purchased a new stake in Red Rock Resorts in the 1st quarter worth $684,000. Bank of New York Mellon Corp increased its stake in Red Rock Resorts by 9.9% in the 1st quarter. Bank of New York Mellon Corp now owns 387,420 shares of the company’s stock worth $8,593,000 after buying an additional 34,778 shares in the last quarter. Oxford Asset Management purchased a new stake in Red Rock Resorts in the 1st quarter worth $1,558,000. KRV Capital LP purchased a new stake in Red Rock Resorts in the 1st quarter worth $8,428,000. Finally, Swiss National Bank increased its stake in Red Rock Resorts by 33.7% in the 1st quarter. Swiss National Bank now owns 68,300 shares of the company’s stock worth $1,515,000 after buying an additional 17,200 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.

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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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