Equities analysts forecast that Red Rock Resorts Inc (NASDAQ:RRR) will announce $406.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Red Rock Resorts’ earnings, with the lowest sales estimate coming in at $403.87 million and the highest estimate coming in at $410.00 million. Red Rock Resorts reported sales of $394.55 million during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The business is expected to announce its next earnings report on Tuesday, March 6th.

On average, analysts expect that Red Rock Resorts will report full year sales of $406.75 million for the current financial year. For the next financial year, analysts anticipate that the business will report sales of $1.64 billion per share, with estimates ranging from $1.59 billion to $1.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Red Rock Resorts.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $33.00 price objective on shares of Red Rock Resorts in a report on Tuesday, November 28th. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America raised their price objective 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. Finally, Union Gaming Research lowered shares of Red Rock Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $27.00 in a report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Red Rock Resorts presently has a consensus rating of “Buy” and a consensus price target of $30.94.

Red Rock Resorts (NASDAQ RRR) traded down $0.04 during midday trading on Friday, hitting $31.68. 466,084 shares of the stock traded hands, compared to its average volume of 475,371. The firm has a market capitalization of $3,680.00 and a price-to-earnings ratio of 30.76. 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 12 month low of $20.87 and a 12 month high of $35.77.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bamco Inc. NY increased its holdings in shares of Red Rock Resorts by 28.0% in the third quarter. Bamco Inc. NY now owns 7,095,981 shares of the company’s stock valued at $164,343,000 after purchasing an additional 1,550,892 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Red Rock Resorts by 16.0% in the second quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock valued at $113,788,000 after purchasing an additional 666,099 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Red Rock Resorts by 1.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,679,886 shares of the company’s stock valued at $108,386,000 after purchasing an additional 86,124 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Red Rock Resorts by 46.8% in the third quarter. Point72 Asset Management L.P. now owns 4,285,300 shares of the company’s stock valued at $99,248,000 after purchasing an additional 1,366,300 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Red Rock Resorts by 2.8% in the fourth quarter. BlackRock Inc. now owns 4,243,952 shares of the company’s stock valued at $143,190,000 after purchasing an additional 117,236 shares in the last quarter. 64.44% of the stock is owned by institutional investors.

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Red Rock Resorts Company Profile

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.

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