Red Rock ResortsRRR
Market Cap: $3.28B
About: Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically located casino and entertainment properties. It generates a majority of its revenue from Casino.
Employees: 7,850
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
55% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $6.86M
32% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 57
0.87% less ownership
Funds ownership: 84.94% [Q1] → 84.07% (-0.87%) [Q2]
5% less funds holding
Funds holding: 191 [Q1] → 181 (-10) [Q2]
10% less capital invested
Capital invested by funds: $3.01B [Q1] → $2.72B (-$288M) [Q2]
29% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 35
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Stephanie Grambling 100% 1-year accuracy 3 / 3 met price target | 2%upside $56 | Equal-Weight Maintained | 4 Sept 2024 |
Barclays Brandt Montour 44% 1-year accuracy 24 / 54 met price target | 18%upside $65 | Overweight Maintained | 24 Jul 2024 |
Stifel Steve Wieczynski 0% 1-year accuracy 0 / 2 met price target | 13%upside $62 | Hold Maintained | 24 Jul 2024 |
JP Morgan Joseph Greff 30% 1-year accuracy 6 / 20 met price target | 25%upside $69 | Overweight Maintained | 24 Jul 2024 |
Susquehanna Joseph Stauff 46% 1-year accuracy 13 / 28 met price target | 27%upside $70 | Positive Maintained | 24 Jul 2024 |