Zacks Investment Research upgraded shares of Red Rock Resorts (NASDAQ:RRR) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Red Rock Resorts manage and own an indirect equity interest in Station Casinos LLC. Station is the provider of gaming and entertainment primarily in Las Vegas, Nevada. Red Rock Resorts is based in LAS VEGAS, United States. “

A number of other equities research analysts have also weighed in on the stock. Bank of America boosted their target price on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Deutsche Bank boosted their target price on shares of Red Rock Resorts from $25.00 to $28.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Stifel Nicolaus reissued a buy rating and set a $28.00 target price (up from $27.00) on shares of Red Rock Resorts in a report on Tuesday, October 10th. BidaskClub lowered shares of Red Rock Resorts from a strong-buy rating to a buy rating in a report on Thursday, January 4th. Finally, ValuEngine raised shares of Red Rock Resorts from a hold rating to a buy rating in a report on Sunday, December 31st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $30.94.

Shares of Red Rock Resorts (RRR) opened at $33.25 on Wednesday. The stock has a market cap of $3,880.30, a P/E ratio of 23.69, a P/E/G ratio of 5.00 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 4.41. Red Rock Resorts has a 1-year low of $20.87 and a 1-year high of $35.77.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $400.37 million for the quarter, compared to analyst estimates of $391.48 million. Red Rock Resorts had a net margin of 1.61% and a return on equity of 15.00%. research analysts anticipate that Red Rock Resorts will post 0.29 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of RRR. Wells Fargo & Company MN lifted its position in shares of Red Rock Resorts by 62.8% in the 2nd quarter. Wells Fargo & Company MN now owns 133,006 shares of the company’s stock worth $3,132,000 after purchasing an additional 51,285 shares during the period. Alliancebernstein L.P. lifted its position in shares of Red Rock Resorts by 92.8% in the 2nd quarter. Alliancebernstein L.P. now owns 98,700 shares of the company’s stock worth $2,324,000 after purchasing an additional 47,500 shares during the period. Amalgamated Bank acquired a new position in shares of Red Rock Resorts in the 2nd quarter worth approximately $208,000. UBS Asset Management Americas Inc. acquired a new position in shares of Red Rock Resorts in the 2nd quarter worth approximately $250,000. Finally, Citigroup Inc. lifted its position in shares of Red Rock Resorts by 121.0% in the 2nd quarter. Citigroup Inc. now owns 11,849 shares of the company’s stock worth $280,000 after purchasing an additional 6,488 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/02/08/red-rock-resorts-rrr-lifted-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Red Rock Resorts (RRR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Red Rock Resorts (NASDAQ:RRR)

Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter.