7,375 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Bought by Olympiad Research LP

Olympiad Research LP bought a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 3rd quarter, Holdings Channel.com reports. The fund bought 7,375 shares of the company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bamco Inc. NY grew its stake in Red Rock Resorts by 0.5% during the 1st quarter. Bamco Inc. NY now owns 10,409,100 shares of the company’s stock worth $622,672,000 after purchasing an additional 50,246 shares in the last quarter. Vanguard Group Inc. grew its stake in Red Rock Resorts by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 5,136,942 shares of the company’s stock worth $307,292,000 after purchasing an additional 209,593 shares in the last quarter. Eminence Capital LP boosted its position in shares of Red Rock Resorts by 23.7% during the 2nd quarter. Eminence Capital LP now owns 1,952,754 shares of the company’s stock worth $107,265,000 after acquiring an additional 374,128 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Red Rock Resorts by 26.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,196,195 shares of the company’s stock worth $65,706,000 after acquiring an additional 251,855 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Red Rock Resorts by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 404,153 shares of the company’s stock worth $22,200,000 after acquiring an additional 24,992 shares in the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Stock Down 1.7 %

RRR opened at $55.66 on Friday. The business has a 50 day moving average price of $53.81 and a two-hundred day moving average price of $54.00. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 15.15. The company has a market cap of $5.88 billion, a PE ratio of 19.74, a P/E/G ratio of 5.38 and a beta of 2.04. Red Rock Resorts, Inc. has a 52 week low of $40.22 and a 52 week high of $63.28.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RRR shares. Stifel Nicolaus upped their price objective on Red Rock Resorts from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their price objective on Red Rock Resorts from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Susquehanna upped their price objective on Red Rock Resorts from $63.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of Red Rock Resorts in a research report on Monday, October 14th. Finally, Wells Fargo & Company lowered their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.58.

Red Rock Resorts Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.