Nebula Research & Development LLC Has $1.73 Million Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Nebula Research & Development LLC boosted its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,314 shares of the company's stock after purchasing an additional 8,821 shares during the quarter. Nebula Research & Development LLC's holdings in Red Rock Resorts were worth $1,725,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its position in Red Rock Resorts by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,225,188 shares of the company's stock worth $56,653,000 after buying an additional 38,620 shares during the period. Dark Forest Capital Management LP bought a new stake in Red Rock Resorts in the 4th quarter valued at about $795,000. Hsbc Holdings PLC grew its position in shares of Red Rock Resorts by 60.6% during the 4th quarter. Hsbc Holdings PLC now owns 8,693 shares of the company's stock worth $402,000 after purchasing an additional 3,279 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Red Rock Resorts by 47.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after purchasing an additional 664 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of Red Rock Resorts by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 30,049 shares of the company's stock valued at $1,389,000 after buying an additional 1,654 shares in the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on RRR. Jefferies Financial Group reaffirmed a "hold" rating and issued a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Barclays decreased their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JMP Securities reduced their price target on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley lowered their price objective on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Susquehanna reduced their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $54.33.

Red Rock Resorts Trading Up 1.7 %

NASDAQ RRR traded up $0.73 on Tuesday, hitting $43.59. The company's stock had a trading volume of 638,952 shares, compared to its average volume of 567,953. The company's 50-day moving average is $44.00 and its 200 day moving average is $47.51. The firm has a market cap of $4.62 billion, a PE ratio of 17.37, a PEG ratio of 4.32 and a beta of 1.69. Red Rock Resorts, Inc. has a 1-year low of $35.09 and a 1-year 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 earnings per share for the quarter, beating 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%. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.

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.