Vanguard Group Inc. Increases Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

Vanguard Group Inc. raised its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,181,146 shares of the company's stock after purchasing an additional 50,193 shares during the period. Vanguard Group Inc. owned 4.91% of Red Rock Resorts worth $239,576,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its position in Red Rock Resorts by 20.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company's stock worth $62,149,000 after purchasing an additional 229,843 shares in the last quarter. Geode Capital Management LLC boosted 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Red Rock Resorts by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 621,151 shares of the company's stock worth $28,722,000 after buying an additional 44,043 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Red Rock Resorts by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 397,771 shares of the company's stock valued at $18,393,000 after buying an additional 31,858 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Red Rock Resorts by 3.4% during the fourth quarter. Hantz Financial Services Inc. now owns 272,884 shares of the company's stock valued at $12,618,000 after buying an additional 9,002 shares during the period. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RRR has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price 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. Mizuho upped their target price on Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Susquehanna raised their price target on Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a research note on Wednesday, February 12th. JMP Securities dropped their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating for the company in a research note on Thursday, January 16th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Red Rock Resorts has an average rating of "Hold" and an average target price of $57.33.

Red Rock Resorts Trading Down 4.9 %

RRR stock traded down $2.07 during midday trading on Thursday, reaching $40.34. 592,043 shares of the company's stock traded hands, compared to its average volume of 561,332. Red Rock Resorts, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $61.73. The business has a 50-day moving average price of $46.33 and a two-hundred day moving average price of $48.60. The company has a market capitalization of $4.28 billion, a P/E ratio of 16.07, a PEG ratio of 4.32 and a beta of 1.69. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96.

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

Red Rock Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.25 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. Red Rock Resorts's dividend payout ratio (DPR) 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.