Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,225,188 shares of the company's stock after buying an additional 38,620 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.16% of Red Rock Resorts worth $56,653,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RRR. Sterling Capital Management LLC raised its holdings in shares of Red Rock Resorts by 654.7% during the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after purchasing an additional 766 shares during the last quarter. KBC Group NV grew 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 during the period. Tower Research Capital LLC TRC grew its position in Red Rock Resorts by 47.7% during the 4th 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. Mayfair Advisory Group LLC raised 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 valued at $208,000 after buying an additional 591 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at about $213,000. 47.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on RRR. Mizuho raised their target price on Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. JMP Securities dropped their price objective on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Truist Financial decreased their target price on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $54.33.

Red Rock Resorts Price Performance

Shares of RRR traded up $0.73 during mid-day trading on Tuesday, hitting $43.59. 638,952 shares of the company were exchanged, compared to its average volume of 568,007. 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 1-year low of $35.09 and a 1-year high of $61.73. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69. The company has a 50 day moving average of $44.00 and a 200-day moving average of $47.51.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results 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 expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is presently 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.