Wall Street analysts predict that Red Rock Resorts, Inc. (NASDAQ:RRR) will report sales of $394.20 million for the current quarter, according to Zacks. Four analysts have made estimates for Red Rock Resorts’ earnings. The lowest sales estimate is $386.69 million and the highest is $397.41 million. Red Rock Resorts reported sales of $347.14 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.6%. The firm is expected to report its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Red Rock Resorts will report full-year sales of $394.20 million for the current fiscal year, with estimates ranging from $1.61 billion to $1.63 billion. For the next year, analysts forecast that the firm will post sales of $1.64 billion per share, with estimates ranging from $1.62 billion to $1.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Red Rock Resorts.

Several equities analysts have issued reports on the company. ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub raised Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. Zacks Investment Research lowered Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 price target on shares of Red Rock Resorts in a research note on Friday, July 14th. Finally, SunTrust Banks, Inc. assumed coverage on Red Rock Resorts in a research note on Thursday, September 14th. They issued a “buy” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.25.

Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Red Rock Resorts by 14.3% during the second quarter. Public Employees Retirement System of Ohio now owns 101,294 shares of the company’s stock worth $2,385,000 after purchasing an additional 12,647 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Red Rock Resorts by 154.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock worth $140,000 after purchasing an additional 3,623 shares during the period. California State Teachers Retirement System raised its position in shares of Red Rock Resorts by 103.2% during the second quarter. California State Teachers Retirement System now owns 120,408 shares of the company’s stock worth $2,836,000 after purchasing an additional 61,164 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Red Rock Resorts by 106.3% during the second quarter. The Manufacturers Life Insurance Company now owns 53,546 shares of the company’s stock worth $1,261,000 after purchasing an additional 27,591 shares during the period. Finally, State Street Corp raised its position in shares of Red Rock Resorts by 109.5% during the second quarter. State Street Corp now owns 1,155,397 shares of the company’s stock worth $27,210,000 after purchasing an additional 604,001 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Shares of Red Rock Resorts (NASDAQ RRR) opened at 23.95 on Friday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 60.94 and a beta of 0.70. The firm’s 50-day moving average is $23.13 and its 200 day moving average is $23.13. Red Rock Resorts has a one year low of $21.07 and a one year high of $24.67.

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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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