SunTrust Banks Equities Analysts Increase Earnings Estimates for Red Rock Resorts Inc (NASDAQ:RRR)

Red Rock Resorts Inc (NASDAQ:RRR) – Investment analysts at SunTrust Banks raised their Q4 2017 EPS estimates for Red Rock Resorts in a report released on Monday, Zacks Investment Research reports. SunTrust Banks analyst P. Scholes now expects that the company will earn $0.28 per share for the quarter, up from their prior estimate of $0.27. SunTrust Banks also issued estimates for Red Rock Resorts’ Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.35 EPS, FY2019 earnings at $1.72 EPS and FY2020 earnings at $1.98 EPS.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank reissued a “buy” rating and set a $35.00 price target on shares of Red Rock Resorts in a research report on Tuesday, November 28th. Union Gaming Research cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $27.00 in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $33.00 price target on shares of Red Rock Resorts in a research report on Tuesday, November 28th. Finally, ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.43.

Red Rock Resorts (RRR) traded up $0.96 during trading on Tuesday, hitting $32.28. 738,100 shares of the stock were exchanged, compared to its average volume of 469,109. The company has a debt-to-equity ratio of 4.41, a current ratio of 1.29 and a quick ratio of 1.26. The stock has a market capitalization of $3,637.57, a price-to-earnings ratio of 73.36, a price-to-earnings-growth ratio of 4.69 and a beta of 1.10. Red Rock Resorts has a fifty-two week low of $20.87 and a fifty-two week high of $35.77.

A number of hedge funds and other institutional investors have recently bought and sold shares of RRR. Cubist Systematic Strategies LLC lifted its position in Red Rock Resorts by 302.0% in the third quarter. Cubist Systematic Strategies LLC now owns 5,801 shares of the company’s stock valued at $134,000 after buying an additional 4,358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Red Rock Resorts by 763.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,964 shares of the company’s stock valued at $134,000 after buying an additional 3,505 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Red Rock Resorts by 154.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock valued at $140,000 after buying an additional 3,623 shares during the last quarter. Advisor Group Inc. lifted its position in Red Rock Resorts by 7,476.6% in the second quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock valued at $191,000 after buying an additional 8,000 shares during the last quarter. Finally, Amalgamated Bank acquired a new position in Red Rock Resorts in the second quarter valued at about $208,000. 64.44% of the stock is currently 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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