Diamond Hill Capital Management Inc. Has $232.69 Million Stock Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

Diamond Hill Capital Management Inc. decreased its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,274,323 shares of the company's stock after selling 121,543 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 4.05% of Red Rock Resorts worth $232,694,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Olympiad Research LP acquired a new stake in shares of Red Rock Resorts during the third quarter worth $401,000. US Bancorp DE lifted its holdings 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 worth $85,000 after buying an additional 1,490 shares in the last quarter. Mayfair Advisory Group LLC acquired a new stake in shares of Red Rock Resorts during the third quarter worth $218,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Red Rock Resorts by 4,050.3% during the third quarter. Sequoia Financial Advisors LLC now owns 333,769 shares of the company's stock worth $18,170,000 after buying an additional 325,727 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Red Rock Resorts by 28.6% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock worth $196,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Red Rock Resorts from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 4th. Truist Financial dropped their price target on Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Macquarie dropped their price target on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a research note on Friday. Susquehanna lifted their target price on Red Rock Resorts from $63.00 to $70.00 and gave the company a "positive" rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their target price on Red Rock Resorts from $59.00 to $62.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $62.25.

Red Rock Resorts Trading Down 0.2 %

RRR stock traded down $0.09 during trading on Monday, hitting $53.18. The company had a trading volume of 285,162 shares, compared to its average volume of 475,009. Red Rock Resorts, Inc. has a one year low of $40.22 and a one year high of $63.28. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 15.15. The business has a 50-day moving average of $53.71 and a 200-day moving average of $53.88. The stock has a market cap of $5.62 billion, a PE ratio of 19.73, a PEG ratio of 5.61 and a beta of 2.04.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. Red Rock Resorts's dividend payout ratio is currently 37.04%.

Red Rock Resorts Company 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.