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Other equities research analysts have also recently issued reports about the company. TheStreet cut Red Rock Resorts from a “b-” rating to a “c+” rating in a research note on Thursday, July 11th. Union Gaming Research lowered Red Rock Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $22.00 in a research note on Wednesday. BidaskClub upgraded Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Stifel Nicolaus set a $22.00 target price on Red Rock Resorts and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $25.00 target price on shares of Red Rock Resorts in a research report on Wednesday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.57.
NASDAQ RRR traded up $0.21 during trading hours on Thursday, hitting $21.52. The company had a trading volume of 552,100 shares, compared to its average volume of 643,074. The business has a fifty day simple moving average of $21.01 and a 200-day simple moving average of $21.80. The firm has a market cap of $2.73 billion, a P/E ratio of 16.43 and a beta of 2.08. Red Rock Resorts has a fifty-two week low of $16.76 and a fifty-two week high of $29.80. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 3.62.
In related news, Director Lorenzo J. Fertitta purchased 12,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $19.60 per share, for a total transaction of $245,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank J. Fertitta III purchased 233,500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $18.65 per share, with a total value of $4,354,775.00. The disclosure for this purchase can be found here. Insiders bought 1,027,509 shares of company stock worth $19,197,896 in the last ninety days. 40.19% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in shares of Red Rock Resorts by 8.6% during the 2nd quarter. LPL Financial LLC now owns 10,099 shares of the company’s stock worth $217,000 after buying an additional 797 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Red Rock Resorts by 1,848.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the company’s stock worth $37,000 after buying an additional 1,719 shares in the last quarter. Swiss National Bank lifted its position in shares of Red Rock Resorts by 2.1% during the 2nd quarter. Swiss National Bank now owns 129,700 shares of the company’s stock worth $2,786,000 after buying an additional 2,700 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Red Rock Resorts by 24.7% during the 2nd quarter. Verition Fund Management LLC now owns 18,700 shares of the company’s stock worth $402,000 after buying an additional 3,700 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Red Rock Resorts by 9.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 56,962 shares of the company’s stock worth $1,224,000 after buying an additional 4,999 shares in the last quarter. 65.72% of the stock is currently owned by hedge funds and other institutional investors.
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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