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

Other analysts have also issued reports about the company. Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. Bank of America Corporation reaffirmed a “buy” rating and issued a $26.00 target price (up from $24.50) on shares of Red Rock Resorts in a research report on Monday, June 5th. SunTrust Banks, Inc. began coverage on Red Rock Resorts in a research report on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price for the company. 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. Finally, ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Red Rock Resorts currently has a consensus rating of “Buy” and a consensus price target of $26.23.

Red Rock Resorts (NASDAQ:RRR) traded down 0.59% on Friday, hitting $23.61. The stock had a trading volume of 100,971 shares. The company has a 50-day moving average price of $22.73 and a 200-day moving average price of $22.73. Red Rock Resorts has a 52 week low of $21.07 and a 52 week high of $24.67. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 60.08 and a beta of 0.69.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in Red Rock Resorts by 100.9% in the first quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock valued at $111,000 after purchasing an additional 2,522 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Red Rock Resorts by 154.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock valued at $140,000 after purchasing an additional 3,623 shares during the last quarter. Advisor Group Inc. lifted its stake in Red Rock Resorts by 7,476.6% in the second quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock valued at $191,000 after purchasing an additional 8,000 shares during the last quarter. UBS Group AG lifted its stake in Red Rock Resorts by 340.6% in the first quarter. UBS Group AG now owns 8,698 shares of the company’s stock valued at $193,000 after purchasing an additional 6,724 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Red Rock Resorts by 123.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after purchasing an additional 4,705 shares during the last quarter. 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.

Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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