Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have received a consensus rating of “Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.25.

RRR has been the subject of several recent research reports. Zacks Investment Research lowered Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. SunTrust Banks, Inc. started coverage on shares of Red Rock Resorts in a research report on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub downgraded shares of Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research report on Friday, September 15th. 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 upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th.

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Shares of Red Rock Resorts (RRR) opened at 23.46 on Wednesday. Red Rock Resorts has a 12-month low of $21.07 and a 12-month high of $24.67. The company has a 50 day moving average of $23.05 and a 200-day moving average of $23.05. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 59.69 and a beta of 0.70.

Several large investors have recently modified their holdings of RRR. Public Employees Retirement System of Ohio raised its position in shares of Red Rock Resorts by 14.3% in the 2nd 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 last quarter. Ameritas Investment Partners Inc. boosted its stake in Red Rock Resorts by 154.6% in the 2nd 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 in the last quarter. California State Teachers Retirement System boosted its stake in Red Rock Resorts by 103.2% in the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Red Rock Resorts by 106.3% in the 2nd 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 in the last quarter. Finally, State Street Corp boosted its stake in Red Rock Resorts by 109.5% in the 2nd 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 in 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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