114,034 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 114,034 shares of the company's stock, valued at approximately $5,273,000. Trexquant Investment LP owned approximately 0.11% of Red Rock Resorts at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Red Rock Resorts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company's stock valued at $239,576,000 after acquiring an additional 50,193 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of 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 during the last quarter. Geode Capital Management LLC grew its holdings in 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 valued at $63,776,000 after buying an additional 14,029 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Red Rock Resorts by 167.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company's stock worth $19,534,000 after acquiring an additional 264,609 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on RRR. Mizuho increased their price objective 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 upped their price objective on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a "positive" rating in a research note on Wednesday, February 12th. Truist Financial cut their price target on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group restated a "hold" rating and set a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Stifel Nicolaus increased their target price 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. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.33.

Red Rock Resorts Stock Down 6.2 %

Shares of RRR stock traded down $2.62 on Thursday, hitting $39.79. The stock had a trading volume of 125,143 shares, compared to its average volume of 558,648. Red Rock Resorts, Inc. has a 52-week low of $35.09 and a 52-week high of $61.73. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 4.32 and a beta of 1.69. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The stock's 50 day moving average is $46.49 and its 200-day moving average is $48.70.

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 return on equity of 71.00% and a net margin of 7.94%. As a group, 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 paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.

Red Rock Resorts 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.