Red Rock Resorts, Inc. (NASDAQ:RRR) Stock Position Lessened by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. decreased its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,241,003 shares of the company's stock after selling 33,320 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 4.02% of Red Rock Resorts worth $196,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Red Rock Resorts by 184.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,509 shares of the company's stock valued at $578,000 after purchasing an additional 8,107 shares in the last quarter. Swiss National Bank lifted its position in Red Rock Resorts by 1.4% during the 4th quarter. Swiss National Bank now owns 99,700 shares of the company's stock worth $4,610,000 after acquiring an additional 1,400 shares in the last quarter. King Luther Capital Management Corp lifted its position in Red Rock Resorts by 9.5% during the 4th quarter. King Luther Capital Management Corp now owns 70,132 shares of the company's stock worth $3,243,000 after acquiring an additional 6,089 shares in the last quarter. OFI Invest Asset Management acquired a new position in Red Rock Resorts during the 4th quarter worth approximately $2,054,000. Finally, Edgestream Partners L.P. lifted its position in Red Rock Resorts by 188.6% during the 4th quarter. Edgestream Partners L.P. now owns 63,944 shares of the company's stock worth $2,957,000 after acquiring an additional 41,790 shares in the last quarter. Hedge funds and other institutional investors own 47.84% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on RRR. Mizuho boosted their price target on Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Susquehanna boosted their price target on Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a research report on Wednesday, February 12th. Truist Financial reduced their price target on 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 boosted their price target on Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $57.33.

Red Rock Resorts Stock Performance

RRR traded down $0.80 during trading on Tuesday, reaching $44.59. 323,964 shares of the company were exchanged, compared to its average volume of 526,439. The stock has a market cap of $4.73 billion, a P/E ratio of 17.77, a PEG ratio of 4.32 and a beta of 2.01. The firm has a 50 day moving average of $48.06 and a 200 day moving average of $50.30. 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, Inc. has a 52 week low of $42.33 and a 52 week 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, topping 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%. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Red Rock Resorts's payout ratio is currently 39.84%.

About Red Rock Resorts

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.