Red Rock Resorts (NASDAQ:RRR) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

A number of other analysts also recently commented on RRR. Wolfe Research initiated coverage on Red Rock Resorts in a research report on Friday, June 14th. They issued a “peer perform” rating for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price objective (down previously from $7.50) on shares of Tile Shop in a research report on Wednesday, May 1st. Goldman Sachs Group upgraded Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. Macquarie initiated coverage on SK Telecom in a research report on Tuesday, May 21st. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.29.

RRR traded up $0.82 during midday trading on Thursday, reaching $22.36. The company’s stock had a trading volume of 294,712 shares, compared to its average volume of 507,810. The stock has a market capitalization of $2.51 billion, a PE ratio of 17.07 and a beta of 2.11. The firm has a fifty day simple moving average of $21.78. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.82 and a current ratio of 0.86. Red Rock Resorts has a twelve month low of $18.78 and a twelve month high of $36.99.

Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Tuesday, April 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.16). The business had revenue of $447.00 million during the quarter, compared to analyst estimates of $445.50 million. Red Rock Resorts had a net margin of 6.89% and a return on equity of 10.08%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. As a group, sell-side analysts expect that Red Rock Resorts will post 0.95 earnings per share for the current year.

In related news, insider Joseph J. Hasson sold 12,891 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $23.24, for a total transaction of $299,586.84. Following the completion of the transaction, the insider now owns 12,891 shares in the company, valued at approximately $299,586.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Quadrant L P CA bought a new position in Red Rock Resorts in the 1st quarter valued at $42,000. Legal & General Group Plc raised its position in Red Rock Resorts by 20.7% in the 4th quarter. Legal & General Group Plc now owns 30,137 shares of the company’s stock valued at $612,000 after purchasing an additional 5,176 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Red Rock Resorts by 39.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 18,626 shares of the company’s stock valued at $378,000 after purchasing an additional 5,244 shares during the last quarter. NumerixS Investment Technologies Inc increased its stake in shares of Red Rock Resorts by 151.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock valued at $252,000 after buying an additional 5,900 shares during the period. Finally, Creative Planning acquired a new stake in shares of Red Rock Resorts in the 1st quarter valued at $222,000. Hedge funds and other institutional investors own 61.82% of the company’s stock.

Red Rock Resorts Company Profile

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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