Red Rock Resorts, Inc. (NASDAQ:RRR) Position Boosted by Barclays PLC

Barclays PLC lifted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 227.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,932 shares of the company's stock after buying an additional 54,863 shares during the period. Barclays PLC owned approximately 0.07% of Red Rock Resorts worth $4,297,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Quarry LP increased its stake in Red Rock Resorts by 479.4% during the 3rd quarter. Quarry LP now owns 1,124 shares of the company's stock worth $61,000 after buying an additional 930 shares during the period. US Bancorp DE grew its stake in shares of Red Rock Resorts by 2,223.9% during the third quarter. US Bancorp DE now owns 1,557 shares of the company's stock valued at $85,000 after acquiring an additional 1,490 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Red Rock Resorts during the second quarter worth about $98,000. nVerses Capital LLC acquired a new position in shares of Red Rock Resorts in the second quarter worth about $154,000. Finally, Ritholtz Wealth Management purchased a new position in Red Rock Resorts in the third quarter valued at about $215,000. Institutional investors and hedge funds own 47.84% of the company's stock.

Wall Street Analyst Weigh In

RRR has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Red Rock Resorts from $64.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 17th. Mizuho cut shares of Red Rock Resorts from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $57.00 to $44.00 in a research report on Monday, November 25th. Macquarie lowered their price objective on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Barclays reduced their target price on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Finally, Truist Financial lowered their price target on Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Red Rock Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $60.42.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock traded up $0.38 on Friday, hitting $45.78. The company had a trading volume of 628,078 shares, compared to its average volume of 495,502. Red Rock Resorts, Inc. has a 52 week low of $44.94 and a 52 week high of $63.28. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market cap of $4.84 billion, a PE ratio of 16.96, a PEG ratio of 6.69 and a beta of 2.00. The business has a 50-day simple moving average of $50.89 and a 200-day simple moving average of $53.45.

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. Red Rock Resorts's dividend payout ratio is currently 37.04%.

Red Rock Resorts Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.