Equities research analysts at SunTrust Banks, Inc. began coverage on shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other brokerages have also recently weighed in on RRR. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price target on shares of Red Rock Resorts in a research report on Friday, July 14th. Bank of America Corporation reaffirmed a “buy” rating and set a $26.00 price target (up from $24.50) on shares of Red Rock Resorts in a research report on Monday, June 5th. Zacks Investment Research cut shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Red Rock Resorts presently has an average rating of “Buy” and a consensus target price of $26.25.

Shares of Red Rock Resorts (RRR) traded down 0.31% during mid-day trading on Thursday, hitting $22.58. The stock had a trading volume of 569,685 shares. The stock has a market cap of $1.53 billion, a P/E ratio of 57.46 and a beta of 0.69. The company’s 50 day moving average price is $22.63 and its 200 day moving average price is $22.35. Red Rock Resorts has a 12-month low of $21.07 and a 12-month high of $24.67.

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

The Fly

Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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