Analysts at Gabelli began coverage on shares of Red Rock Resorts Inc. (NASDAQ:RRR) in a report released on Friday. The firm set a “buy” rating and a $29.00 price target on the stock. Gabelli’s target price points to a potential upside of 30.40% from the stock’s previous close.

RRR has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Red Rock Resorts in a report on Tuesday, August 16th. Goldman Sachs Group Inc. assumed coverage on shares of Red Rock Resorts in a report on Monday, September 26th. They issued a “neutral” rating and a $22.00 price target for the company. Macquarie assumed coverage on shares of Red Rock Resorts in a report on Monday, October 10th. They issued an “outperform” rating and a $26.00 price target for the company. Deutsche Bank AG reissued a “buy” rating and issued a $25.00 price target on shares of Red Rock Resorts in a report on Saturday, August 13th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $25.00 price target on shares of Red Rock Resorts in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.13.

Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

Shares of Red Rock Resorts (NASDAQ:RRR) opened at 22.24 on Friday. The stock has a market capitalization of $2.58 billion and a price-to-earnings ratio of 18.86. Red Rock Resorts has a one year low of $18.25 and a one year high of $23.87. The company’s 50 day moving average price is $22.43 and its 200 day moving average price is $21.67.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.39. The company had revenue of $351.50 million for the quarter, compared to analysts’ expectations of $350.07 million. Red Rock Resorts’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect that Red Rock Resorts will post $1.21 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. Cohen & Steers Inc. bought a new position in shares of Red Rock Resorts during the second quarter worth $8,591,000. Public Employees Retirement System of Ohio bought a new position in shares of Red Rock Resorts during the second quarter worth $1,997,000. Schwab Charles Investment Management Inc. bought a new position in shares of Red Rock Resorts during the second quarter worth $1,840,000. Stifel Financial Corp bought a new position in shares of Red Rock Resorts during the second quarter worth $1,368,000. Finally, Legal & General Group Plc bought a new position in shares of Red Rock Resorts during the second quarter worth $164,000.

About Red Rock Resorts

Red Rock Resorts, Inc is a gaming, development and management company. The Company develops and operates casino entertainment properties. The Company owns and operates over nine gaming and entertainment facilities and over 10 smaller casinos in the Las Vegas regional market. In addition, the Company manages Graton Resort in Sonoma County, California, and Gun Lake in Allegan County, Michigan.

5 Day Chart for NASDAQ:RRR

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