Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by Fmr LLC

FMR LLC lowered its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,237,217 shares of the company's stock after selling 312,050 shares during the period. FMR LLC owned 4.01% of Red Rock Resorts worth $195,929,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RRR. Arizona State Retirement System grew its stake in Red Rock Resorts by 1.5% during the fourth quarter. Arizona State Retirement System now owns 14,707 shares of the company's stock valued at $680,000 after acquiring an additional 216 shares in the last quarter. KBC Group NV lifted its holdings in Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after buying an additional 540 shares during the period. Mayfair Advisory Group LLC boosted its position in Red Rock Resorts by 15.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after acquiring an additional 591 shares in the last quarter. Avior Wealth Management LLC lifted its position in Red Rock Resorts by 11.8% during the 4th quarter. Avior Wealth Management LLC now owns 8,828 shares of the company's stock valued at $408,000 after acquiring an additional 930 shares during the period. Finally, Swiss National Bank boosted its holdings in Red Rock Resorts by 1.4% in the fourth quarter. Swiss National Bank now owns 99,700 shares of the company's stock worth $4,610,000 after acquiring an additional 1,400 shares in the last quarter. 47.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RRR. Morgan Stanley dropped their target price on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Stifel Nicolaus raised their price target on Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. JMP Securities cut their price objective on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Thursday. Truist Financial lowered their price target on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Finally, Susquehanna cut their target price on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.33.

Red Rock Resorts Stock Down 0.1 %

Red Rock Resorts stock traded down $0.06 during midday trading on Friday, reaching $40.70. The company's stock had a trading volume of 448,460 shares, compared to its average volume of 562,751. The business has a 50-day simple moving average of $45.49 and a 200-day simple moving average of $48.18. The company has a market cap of $4.32 billion, a P/E ratio of 16.22, a P/E/G ratio of 4.32 and a beta of 1.69. Red Rock Resorts, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $61.73. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 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%. On average, research analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, March 17th. Red Rock Resorts's dividend payout ratio is currently 39.84%.

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.