Raymond James Financial Inc. purchased a new position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,318 shares of the company's stock, valued at approximately $292,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RRR. Arizona State Retirement System increased its holdings in shares of 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 purchasing an additional 216 shares during the period. KBC Group NV raised its position in shares of 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 buying an additional 540 shares in the last quarter. Mayfair Advisory Group LLC lifted its stake in shares of Red Rock Resorts by 15.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock worth $208,000 after acquiring an additional 591 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Red Rock Resorts by 11.8% in the fourth 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 in the last quarter. Finally, Versor Investments LP raised its holdings in shares of Red Rock Resorts by 52.5% in the 4th quarter. Versor Investments LP now owns 6,100 shares of the company's stock worth $282,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on RRR shares. Truist Financial lowered 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. Stifel Nicolaus upped their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th. Jefferies Financial Group restated a "hold" rating and set a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Susquehanna upped their target price on Red Rock Resorts from $60.00 to $61.00 and gave the company a "positive" rating in a report on Wednesday, February 12th. Finally, Mizuho raised their price target 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $57.33.
Get Our Latest Report on RRR
Red Rock Resorts Stock Performance
Shares of NASDAQ:RRR traded down $0.45 on Wednesday, hitting $40.77. 8,373 shares of the company were exchanged, compared to its average volume of 561,271. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 4.32 and a beta of 1.69. Red Rock Resorts, Inc. has a one year low of $35.09 and a one year high of $61.73. The company's 50 day moving average price is $45.86 and its two-hundred day moving average price is $48.32. 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 (NASDAQ:RRR - Get Free Report) last announced 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 net margin of 7.94% and a return on equity of 71.00%. Research analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.
Red Rock Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, March 17th. Red Rock Resorts's dividend payout ratio is currently 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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