Red Rock Resorts, Inc. (NASDAQ:RRR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Several other analysts also recently commented on the stock. Bank of America Corporation reaffirmed a “buy” rating and set a $26.00 target price (up previously from $24.50) on shares of Red Rock Resorts in a report on Monday, June 5th. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Red Rock Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, August 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Red Rock Resorts in a report on Thursday. They set a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $26.23.

Red Rock Resorts (NASDAQ RRR) traded up 0.18% during midday trading on Friday, hitting $22.61. 2,360,597 shares of the company traded hands. Red Rock Resorts has a 12-month low of $21.07 and a 12-month high of $24.67. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 57.53 and a beta of 0.69. The stock’s 50-day moving average price is $22.62 and its 200 day moving average price is $22.40.

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Several institutional investors have recently modified their holdings of the company. Bamco Inc. NY lifted its holdings in shares of Red Rock Resorts by 28.8% during the 2nd 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. increased its position in Red Rock Resorts by 16.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock valued at $113,788,000 after acquiring an additional 666,099 shares during the period. Diamond Hill Capital Management Inc. increased its position in Red Rock Resorts by 5.2% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,593,762 shares of the company’s stock valued at $108,183,000 after acquiring an additional 226,988 shares during the period. JPMorgan Chase & Co. increased its position in Red Rock Resorts by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,450,279 shares of the company’s stock valued at $81,254,000 after acquiring an additional 58,707 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Red Rock Resorts by 1.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,773,069 shares of the company’s stock valued at $41,756,000 after acquiring an additional 21,967 shares during the period. 62.52% of the stock is owned by institutional investors.

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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