Fox Run Management L.L.C. Invests $407,000 in Red Rock Resorts, Inc. (NASDAQ:RRR)

Fox Run Management L.L.C. acquired a new stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,809 shares of the company's stock, valued at approximately $407,000.

Other large investors also recently bought and sold shares of the company. Bamco Inc. NY increased its holdings in shares of Red Rock Resorts by 1.0% in the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company's stock valued at $578,332,000 after acquiring an additional 106,509 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Red Rock Resorts by 20.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company's stock valued at $62,149,000 after purchasing an additional 229,843 shares in the last quarter. Geode Capital Management LLC boosted its position in Red Rock Resorts by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company's stock valued at $63,776,000 after purchasing an additional 14,029 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Red Rock Resorts by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 621,151 shares of the company's stock valued at $28,722,000 after purchasing an additional 44,043 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Red Rock Resorts by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 397,771 shares of the company's stock worth $18,393,000 after purchasing an additional 31,858 shares in the last quarter. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Stock Performance

Shares of RRR stock traded down $1.31 during mid-day trading on Friday, reaching $43.12. The stock had a trading volume of 590,448 shares, compared to its average volume of 540,828. Red Rock Resorts, Inc. has a 1-year low of $42.33 and a 1-year high of $63.29. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 17.18, a PEG 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. The business's fifty day moving average is $47.98 and its 200-day moving average is $49.56.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 forecast that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued 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 2.32%. Red Rock Resorts's dividend payout ratio (DPR) is presently 39.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RRR shares. Truist Financial cut their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. JMP Securities cut their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. Mizuho increased their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Stifel Nicolaus raised their price objective 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. Finally, Susquehanna upped their target price on Red Rock Resorts from $60.00 to $61.00 and gave the company a "positive" rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.