Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 621,151 shares of the company's stock after purchasing an additional 44,043 shares during the period. Charles Schwab Investment Management Inc. owned 0.59% of Red Rock Resorts worth $28,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RRR. Versor Investments LP raised its stake in shares of Red Rock Resorts by 52.5% during the 4th quarter. Versor Investments LP now owns 6,100 shares of the company's stock worth $282,000 after acquiring an additional 2,100 shares in the last quarter. Crystal Rock Capital Management boosted its position in shares of Red Rock Resorts by 22.0% in the 4th quarter. Crystal Rock Capital Management now owns 66,100 shares of the company's stock worth $3,056,000 after purchasing an additional 11,900 shares in the last quarter. Bank of New York Mellon Corp increased its position in Red Rock Resorts by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 397,771 shares of the company's stock valued at $18,393,000 after buying an additional 31,858 shares in the last quarter. Keene & Associates Inc. purchased a new stake in Red Rock Resorts during the 4th quarter worth approximately $548,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Red Rock Resorts by 19.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 42,390 shares of the company's stock valued at $1,960,000 after acquiring an additional 6,969 shares during the period. 47.84% of the stock is currently owned by institutional investors.

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Red Rock Resorts Trading Down 1.5 %

Red Rock Resorts stock traded down $0.69 during trading on Friday, hitting $44.24. The company had a trading volume of 473,446 shares, compared to its average volume of 529,201. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. Red Rock Resorts, Inc. has a 1-year low of $42.33 and a 1-year high of $63.29. The company's 50 day simple moving average is $48.10 and its 200-day simple moving average is $50.13.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. As a group, analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. Red Rock Resorts's dividend payout ratio is presently 39.84%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial dropped their target price on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. JMP Securities reduced their price objective on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus upped their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Mizuho boosted their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Red Rock Resorts currently has an average rating of "Hold" and a consensus target price of $57.33.

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.