Quantbot Technologies LP Buys 15,514 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Quantbot Technologies LP raised its position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 258.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,512 shares of the company's stock after acquiring an additional 15,514 shares during the period. Quantbot Technologies LP's holdings in Red Rock Resorts were worth $995,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quarry LP raised its holdings in shares of Red Rock Resorts by 479.4% in the third quarter. Quarry LP now owns 1,124 shares of the company's stock valued at $61,000 after purchasing an additional 930 shares during the last quarter. KBC Group NV increased its stake in Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after buying an additional 540 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Red Rock Resorts during the 3rd quarter worth about $233,000. Mayfair Advisory Group LLC boosted its stake in shares of 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 buying an additional 591 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Red Rock Resorts in the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 47.84% of the company's stock.

Red Rock Resorts Stock Performance

Shares of Red Rock Resorts stock traded down $1.31 on Friday, hitting $43.12. The stock had a trading volume of 590,448 shares, compared to its average volume of 540,828. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. The business's 50 day moving average is $47.98 and its two-hundred day moving average is $49.59. 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, Inc. has a twelve month low of $42.33 and a twelve month high of $63.29.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued 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 return on equity of 71.00% and a net margin of 7.94%. Analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, March 17th. Red Rock Resorts's dividend payout ratio is 39.84%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Jefferies Financial Group reissued a "hold" rating and set a $51.00 price target (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. JMP Securities cut their price objective 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. Mizuho boosted their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Stifel Nicolaus increased their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Finally, Truist Financial decreased their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Seven investment 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.33.

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.