A statement released earlier today by Gabelli about Red Rock Resorts (NYSE:RRR) bumps the target price to $29.00
- Updated: October 13, 2016
Boasting a price of $22.50, Red Rock Resorts (NYSE:RRR) traded 0.36% higher on the day. With the last stock price close up 4.23% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Red Rock Resorts has recorded a 50-day average of $22.43 and a two hundred day average of $21.66. Volume of trade was down over the average, with 4,876 shares of RRR changing hands under the typical 332,743
Gabelli raised the target price of Red Rock Resorts (NYSE:RRR) to $29.00 stating a potential upside of 0.29%.
With a total market value of $0, Red Rock Resorts has price-earnings ratio of 19.15 with a one year low of $18.25 and a one year high of $23.87 .
Brief Synopsis About Red Rock Resorts (NYSE:RRR)
Red Rock Resorts, Inc. is a gaming, development and management company. The Company develops and operates casino entertainment properties. The Company owns and operates over nine gaming and entertainment facilities and over 10 smaller casinos in the Las Vegas regional market. In addition, the Company manages Graton Resort in Sonoma County, California, and Gun Lake in Allegan County, Michigan. The Company's Las Vegas portfolio offers approximately 19,300 slot machines, over 300 table games and over 4,000 hotel rooms. The Company controls gaming-entitled development sites consisting of approximately 400 acres in Las Vegas and Reno, Nevada. The Las Vegas properties offer approximately 110 food and beverage venues, over 50 bars and lounges, over 270,000 square feet of convention and meeting space ranging from boardrooms to ballrooms, over 25 live entertainment venues, over 100 movie screens and over 300 bowling lanes.
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