Keene & Associates Inc. purchased a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,847 shares of the company's stock, valued at approximately $548,000.
Several other hedge funds and other institutional investors have also made changes to their positions in RRR. Avior Wealth Management LLC increased its position in Red Rock Resorts by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 7,898 shares of the company's stock worth $430,000 after purchasing an additional 232 shares in the last quarter. KBC Group NV increased its position 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 in the last quarter. Mayfair Advisory Group LLC increased 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 worth $208,000 after purchasing an additional 591 shares in the last quarter. King Luther Capital Management Corp increased its position in Red Rock Resorts by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 64,043 shares of the company's stock worth $3,487,000 after purchasing an additional 765 shares in the last quarter. Finally, Quarry LP increased its position in Red Rock Resorts by 479.4% during the 3rd quarter. Quarry LP now owns 1,124 shares of the company's stock worth $61,000 after purchasing an additional 930 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on RRR shares. Macquarie dropped their price objective on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. JMP Securities lowered their price target on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Jefferies Financial Group restated a "hold" rating and issued a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Mizuho lifted their price target on Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $57.33.
Read Our Latest Stock Report on RRR
Red Rock Resorts Trading Down 2.6 %
Shares of NASDAQ:RRR traded down $1.39 during trading on Friday, reaching $51.40. 519,972 shares of the stock were exchanged, compared to its average volume of 643,018. 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 12-month low of $42.46 and a 12-month high of $63.28. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 4.33 and a beta of 2.02. The firm's 50-day moving average price is $47.69 and its 200 day moving average price is $51.25.
Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. On average, sell-side analysts anticipate that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.
Red Rock Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, March 17th. Red Rock Resorts's dividend payout ratio (DPR) is presently 39.84%.
About Red Rock Resorts
(
Free Report)
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.
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