Red Rock Resorts, Inc. (RRR) Rating Reiterated by Stifel Nicolaus

Red Rock Resorts, Inc. (NASDAQ:RRR)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They currently have a $28.00 price objective on the stock, up from their previous price objective of $27.00. Stifel Nicolaus’ target price would suggest a potential upside of 17.06% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. BidaskClub upgraded Red Rock Resorts from a “strong sell” rating to a “sell” rating in a report on Friday, September 22nd. SunTrust Banks, Inc. assumed coverage on Red Rock Resorts in a research report on Thursday, September 14th. They set a “buy” rating and a $26.00 price objective on the stock. ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Red Rock Resorts presently has an average rating of “Buy” and a consensus target price of $26.35.

Shares of Red Rock Resorts (NASDAQ:RRR) traded down 0.17% during midday trading on Tuesday, hitting $23.88. The company had a trading volume of 76,195 shares. Red Rock Resorts has a 52 week low of $21.07 and a 52 week high of $24.67. The company has a market capitalization of $1.62 billion, a P/E ratio of 60.76 and a beta of 0.70. The firm’s 50 day moving average is $23.19 and its 200 day moving average is $23.19.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its holdings in shares of Red Rock Resorts by 100.9% during the 1st quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock valued at $111,000 after purchasing an additional 2,522 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Red Rock Resorts by 154.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock valued at $140,000 after purchasing an additional 3,623 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Red Rock Resorts by 7,476.6% during the 2nd quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock valued at $191,000 after purchasing an additional 8,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Red Rock Resorts by 123.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after purchasing an additional 4,705 shares during the last quarter. Finally, UBS Group AG

A number of other research analysts also recently issued reports on the company. BidaskClub upgraded Red Rock Resorts from a “strong sell” rating to a “sell” rating in a report on Friday, September 22nd. SunTrust Banks, Inc. assumed coverage on Red Rock Resorts in a research report on Thursday, September 14th. They set a “buy” rating and a $26.00 price objective on the stock. ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Red Rock Resorts presently has an average rating of “Buy” and a consensus target price of $26.35.

Shares of Red Rock Resorts (NASDAQ:RRR) traded down 0.17% during midday trading on Tuesday, hitting $23.88. The company had a trading volume of 76,195 shares. Red Rock Resorts has a 52 week low of $21.07 and a 52 week high of $24.67. The company has a market capitalization of $1.62 billion, a P/E ratio of 60.76 and a beta of 0.70. The firm’s 50 day moving average is $23.19 and its 200 day moving average is $23.19.

ILLEGAL ACTIVITY WARNING: This report was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/red-rock-resorts-inc-rrr-rating-reiterated-by-stifel-nicolaus.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its holdings in shares of Red Rock Resorts by 100.9% during the 1st quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock valued at $111,000 after purchasing an additional 2,522 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Red Rock Resorts by 154.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock valued at $140,000 after purchasing an additional 3,623 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Red Rock Resorts by 7,476.6% during the 2nd quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock valued at $191,000 after purchasing an additional 8,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Red Rock Resorts by 123.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after purchasing an additional 4,705 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Red Rock Resorts by 340.6% during the 1st quarter. UBS Group AG now owns 8,698 shares of the company’s stock valued at $193,000 after purchasing an additional 6,724 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

About Red Rock Resorts

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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