Red Rock Resorts, Inc. (NASDAQ:RRR) President Richard J. Haskins bought 687 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average cost of $23.46 per share, for a total transaction of $16,117.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Red Rock Resorts, Inc. (RRR) traded down 0.04% on Thursday, reaching $23.88. The company’s stock had a trading volume of 1,131,140 shares. The firm’s 50-day moving average price is $23.24 and its 200 day moving average price is $23.24. The company has a market cap of $1.62 billion, a P/E ratio of 60.76 and a beta of 0.70. Red Rock Resorts, Inc. has a 52-week low of $20.87 and a 52-week high of $24.94.

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A number of brokerages recently issued reports on RRR. Zacks Investment Research lowered Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. BidaskClub upgraded Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. Stifel Nicolaus restated a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of Red Rock Resorts in a research note on Tuesday. ValuEngine upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, SunTrust Banks, Inc. began coverage on Red Rock Resorts in a research note on Thursday, September 14th. They issued a “buy” rating and a $26.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Red Rock Resorts currently has a consensus rating of “Buy” and an average target price of $26.39.

Institutional investors have recently modified their holdings of the company. Cipher Capital LP purchased a new stake in shares of Red Rock Resorts in the second quarter worth approximately $1,795,000. JPMorgan Chase & Co. raised its stake in shares of Red Rock Resorts by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 3,450,279 shares of the company’s stock worth $81,254,000 after purchasing an additional 58,707 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Red Rock Resorts in the first quarter worth approximately $684,000. Eagle Asset Management Inc. raised its stake in shares of Red Rock Resorts by 84.0% in the second quarter. Eagle Asset Management Inc. now owns 514,714 shares of the company’s stock worth $12,121,000 after purchasing an additional 235,040 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Red Rock Resorts by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 387,420 shares of the company’s stock worth $8,593,000 after purchasing an additional 34,778 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other 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.

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