Red Rock Resorts (RRR) Upgraded to “Hold” by BidaskClub

Red Rock Resorts (NASDAQ:RRR) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

RRR has been the subject of several other research reports. Zacks Investment Research lowered Red Rock Resorts from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. ValuEngine lowered Red Rock Resorts from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. TheStreet lowered Red Rock Resorts from a “b-” rating to a “c” rating in a research note on Monday, September 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $38.00 price objective on shares of Red Rock Resorts in a research note on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.30.

NASDAQ:RRR traded up $0.16 during trading hours on Thursday, hitting $25.90. 864,900 shares of the company’s stock traded hands, compared to its average volume of 685,799. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 41.77 and a beta of 1.59. Red Rock Resorts has a 52 week low of $23.40 and a 52 week high of $36.99. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.63 and a current ratio of 0.67.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $416.19 million during the quarter, compared to analyst estimates of $408.46 million. Red Rock Resorts had a return on equity of 13.23% and a net margin of 10.74%. Equities analysts forecast that Red Rock Resorts will post 1.4 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Red Rock Resorts in the second quarter worth about $226,000. Solstein Capital LLC purchased a new position in Red Rock Resorts during the 2nd quarter valued at about $456,000. Barr E S & Co. purchased a new position in Red Rock Resorts during the 2nd quarter valued at about $543,000. Quantitative Systematic Strategies LLC increased its holdings in Red Rock Resorts by 96.2% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 18,126 shares of the company’s stock valued at $607,000 after purchasing an additional 8,889 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in Red Rock Resorts during the 1st quarter valued at about $623,000. Hedge funds and other institutional investors own 61.29% of the company’s stock.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

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