The Red Rock Resorts Inc. (RRR) Now Covered by Analysts at Gabelli

The Red Rock Resorts Inc. (RRR) Now Covered by Analysts at Gabelli

Gabelli assumed coverage on shares of Red Rock Resorts Inc. (NASDAQ:RRR) in a report released on Friday morning. The brokerage issued a buy rating and a $29.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Deutsche Bank AG reiterated a buy rating on shares of Red Rock Resorts in a research note on Sunday, June 26th. JPMorgan Chase & Co. reiterated a buy rating on shares of Red Rock Resorts in a research note on Tuesday, August 16th. Citigroup Inc. reiterated a buy rating and issued a $25.00 target price on shares of Red Rock Resorts in a research note on Tuesday, August 16th. Stifel Nicolaus reiterated a buy rating on shares of Red Rock Resorts in a research note on Friday, September 9th. Finally, Macquarie began coverage on Red Rock Resorts in a research note on Monday, October 10th. They issued an outperform rating and a $26.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $25.13.

Red Rock Resorts (NASDAQ:RRR) traded down 0.49% on Friday, reaching $22.30. The company’s stock had a trading volume of 53,467 shares. The firm has a market cap of $2.58 billion and a P/E ratio of 18.91. The firm’s 50 day moving average is $22.43 and its 200-day moving average is $21.67. Red Rock Resorts has a 12 month low of $18.25 and a 12 month high of $23.87.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Monday, August 15th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.39. The firm earned $351.50 million during the quarter, compared to the consensus estimate of $350.07 million. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Red Rock Resorts will post $1.21 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cohen & Steers Inc. purchased a new position in shares of Red Rock Resorts during the second quarter valued at approximately $8,591,000. Public Employees Retirement System of Ohio purchased a new position in shares of Red Rock Resorts during the second quarter valued at approximately $1,997,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Red Rock Resorts during the second quarter valued at approximately $1,840,000. Stifel Financial Corp purchased a new position in shares of Red Rock Resorts during the second quarter valued at approximately $1,368,000. Finally, Legal & General Group Plc purchased a new position in shares of Red Rock Resorts during the second quarter valued at approximately $164,000.

Red Rock Resorts Company Profile

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