Stifel Nicolaus lowered shares of Red Rock Resorts (NASDAQ:RRR) from a buy rating to a hold rating in a research note published on Friday, Marketbeat Ratings reports. The firm currently has $37.00 price target on the stock, up from their prior price target of $29.00. The analysts noted that the move was a valuation call.
Several other research firms have also commented on RRR. ValuEngine upgraded Red Rock Resorts from a hold rating to a buy rating in a research report on Saturday, February 17th. Zacks Investment Research lowered Red Rock Resorts from a hold rating to a sell rating in a research report on Wednesday, January 24th. Deutsche Bank restated a buy rating and set a $38.00 price target on shares of Red Rock Resorts in a research report on Thursday, December 21st. BidaskClub lowered Red Rock Resorts from a strong-buy rating to a buy rating in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. restated a buy rating and set a $33.00 price target on shares of Red Rock Resorts in a research report on Tuesday, November 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $32.71.
Shares of Red Rock Resorts (RRR) traded down $0.34 during trading on Friday, reaching $33.42. The company had a trading volume of 528,378 shares, compared to its average volume of 577,318. The stock has a market capitalization of $3,840.00 and a price-to-earnings ratio of 32.45. Red Rock Resorts has a 52 week low of $20.87 and a 52 week high of $35.77. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41.
Several hedge funds and other institutional investors have recently made changes to their positions in RRR. UBS Asset Management Americas Inc. acquired a new stake in shares of Red Rock Resorts in the second quarter valued at $250,000. Northern Trust Corp raised its stake in shares of Red Rock Resorts by 110.7% in the second quarter. Northern Trust Corp now owns 730,074 shares of the company’s stock valued at $17,193,000 after acquiring an additional 383,520 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Red Rock Resorts in the second quarter valued at $212,000. Dimensional Fund Advisors LP acquired a new stake in shares of Red Rock Resorts in the second quarter valued at $1,473,000. Finally, State Street Corp raised its stake in shares of Red Rock Resorts by 109.5% in the second quarter. State Street Corp now owns 1,155,397 shares of the company’s stock valued at $27,210,000 after acquiring an additional 604,001 shares in the last quarter. Institutional investors and hedge funds own 63.32% of the company’s stock.
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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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