Red Rock Resorts Inc. (NASDAQ: RRR) has seen its post-IPO quiet period come to an end. Several brokerage firms have started coverage on what is mostly considered a Las Vegas casino and entertainment venue operator.

The initial public offering for Red Rock was priced at $19.50, within the proposed $18 to $21 range. It priced 27.25 million shares in that offering, and the latest price of $19.40 is within a post-IPO range of $18.25 to $19.76.

24/7 Wall St. tracked numerous analyst initiations on Monday as the quiet period came to an end. Investors may remember Red Rock as the former Station Casinos.

The company operates 21 casino and entertainment properties, mostly in Las Vegas. As of December 31, 2015, it operated the following number of items and locations:

• 19,309 slot and video poker machines
• 302 table games
• 4,041 hotel rooms
• 113 food and beverage venues
• 53 bars and lounges
• 26 live entertainment venues
• 96 movie screens
• 282 bowling lanes

Wells Fargo has an Outperform rating and a $21 to $24 valuation range. Its report gave three reasons to be buyers:

• (1) an attractive and prudent growth profile,
• (2) deleverage and strong cash generation,
• (3) dominant market position with high barriers to entry.

Other key analyst initiations seen on Monday were listed as follows:

• Merrill Lynch started as Buy with a $24 price objective
• Deutsche Bank started as Buy with a $25 target
• Goldman Sachs started with a Neutral rating and $20 target
• JPMorgan started as Overweight with a $25 target
• Stifel started as Buy with a $25 target

Red Rock Resorts has a market cap of roughly $757 million.

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