Red Rock Resorts, Inc. (NASDAQ:RRR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus restated a “buy” rating and set a $27.00 price objective on shares of Red Rock Resorts in a report on Friday, July 14th. Bank of America Corporation restated a “buy” rating and set a $26.00 price objective (up previously from $24.50) on shares of Red Rock Resorts in a report on Monday, June 5th. Finally, Zacks Investment Research upgraded Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.25.

Red Rock Resorts (NASDAQ:RRR) traded up 0.22% during trading on Friday, hitting $22.68. 469,383 shares of the company were exchanged. Red Rock Resorts has a 1-year low of $20.58 and a 1-year high of $24.94. The firm’s 50 day moving average price is $22.91 and its 200-day moving average price is $22.99. The stock has a market capitalization of $1.54 billion, a PE ratio of 57.71 and a beta of 0.69.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its position 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 buying an additional 2,522 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position 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 buying an additional 3,623 shares during the last quarter. Advisor Group Inc. boosted its position 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 buying an additional 8,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position 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 buying an additional 4,705 shares during the last quarter. Finally, UBS Group AG boosted its position 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 buying an additional 6,724 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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