Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 184.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,509 shares of the company's stock after acquiring an additional 8,107 shares during the quarter. Commonwealth Equity Services LLC's holdings in Red Rock Resorts were worth $578,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RRR. Quarry LP lifted its stake in shares of Red Rock Resorts by 479.4% in the third quarter. Quarry LP now owns 1,124 shares of the company's stock worth $61,000 after acquiring an additional 930 shares in the last quarter. KBC Group NV increased its holdings in Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after purchasing an additional 540 shares during the last quarter. Mayfair Advisory Group LLC raised its position in shares of Red Rock Resorts by 15.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after purchasing an additional 591 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Red Rock Resorts during the 3rd quarter valued at approximately $233,000. Finally, Versor Investments LP grew its position in shares of Red Rock Resorts by 52.5% during the fourth quarter. Versor Investments LP now owns 6,100 shares of the company's stock worth $282,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company's stock.

Red Rock Resorts Stock Performance

Shares of RRR traded up $4.81 during midday trading on Wednesday, hitting $42.41. 1,011,382 shares of the stock traded hands, compared to its average volume of 560,300. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts, Inc. has a 1-year low of $35.09 and a 1-year high of $61.73. The business's 50 day moving average price is $46.49 and its two-hundred day moving average price is $48.70. The firm has a market capitalization of $4.50 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69.

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

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Monday, March 17th. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.

Wall Street Analyst Weigh In

RRR has been the topic of several recent analyst reports. Susquehanna upped their price target on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a "positive" rating in a report on Wednesday, February 12th. Stifel Nicolaus upped their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Truist Financial decreased their price target on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a research note on Tuesday, January 14th. JMP Securities cut their price objective on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating on the stock in a research note on Thursday, January 16th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $57.33.

About Red Rock Resorts

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.