Natixis Advisors LLC Increases Stake in Red Rock Resorts, Inc. (NASDAQ:RRR)

Natixis Advisors LLC boosted its position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,071 shares of the company's stock after buying an additional 31,795 shares during the period. Natixis Advisors LLC owned approximately 0.24% of Red Rock Resorts worth $11,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its position in Red Rock Resorts by 227.9% in the 3rd quarter. Barclays PLC now owns 78,932 shares of the company's stock valued at $4,297,000 after buying an additional 54,863 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Red Rock Resorts by 3.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company's stock valued at $61,763,000 after buying an additional 38,443 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Red Rock Resorts by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company's stock worth $4,856,000 after purchasing an additional 14,148 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Red Rock Resorts during the 4th quarter worth $2,054,000. Finally, Geode Capital Management LLC grew its stake in shares of Red Rock Resorts by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company's stock worth $63,776,000 after purchasing an additional 14,029 shares during the period. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JMP Securities lowered 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 research note on Thursday, January 16th. Mizuho upped their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Susquehanna upped their price target on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a research note on Wednesday, February 12th. Stifel Nicolaus upped their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. Finally, Truist Financial lowered their price target on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Seven equities 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.com, Red Rock Resorts presently has an average rating of "Hold" and an average target price of $57.33.

Red Rock Resorts Trading Down 1.5 %

Shares of Red Rock Resorts stock traded down $0.68 during mid-day trading on Friday, hitting $44.25. 692,920 shares of the stock were exchanged, compared to its average volume of 530,002. Red Rock Resorts, Inc. has a twelve month low of $42.33 and a twelve month high of $63.29. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. The company has a 50-day simple moving average of $48.12 and a 200 day simple moving average of $49.99. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28.

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

Red Rock Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid 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 2.26%. Red Rock Resorts's dividend payout ratio is currently 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.