Westfield Capital Management Co. LP lifted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,134,509 shares of the company's stock after purchasing an additional 38,443 shares during the period. Westfield Capital Management Co. LP owned about 1.07% of Red Rock Resorts worth $61,763,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RRR. Vanguard Group Inc. lifted its stake in shares of Red Rock Resorts by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 5,136,942 shares of the company's stock worth $307,292,000 after purchasing an additional 209,593 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Red Rock Resorts by 9.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,388 shares of the company's stock valued at $562,000 after buying an additional 830 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Red Rock Resorts by 13.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 9,860 shares of the company's stock worth $590,000 after buying an additional 1,193 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Red Rock Resorts by 11.6% during the 1st quarter. Lazard Asset Management LLC now owns 13,493 shares of the company's stock worth $807,000 after acquiring an additional 1,405 shares in the last quarter. Finally, EJF Capital LLC raised its stake in shares of Red Rock Resorts by 19.4% during the 1st quarter. EJF Capital LLC now owns 23,255 shares of the company's stock worth $1,391,000 after acquiring an additional 3,777 shares in the last quarter. 47.84% of the stock is currently owned by institutional investors.
Red Rock Resorts Stock Performance
NASDAQ RRR traded down $0.36 on Monday, reaching $50.49. 878,694 shares of the company's stock traded hands, compared to its average volume of 493,850. Red Rock Resorts, Inc. has a fifty-two week low of $43.38 and a fifty-two week high of $63.28. 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 firm has a market cap of $5.33 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 6.30 and a beta of 2.04. The stock has a 50 day moving average price of $52.71 and a 200-day moving average price of $53.64.
Red Rock Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.98%. Red Rock Resorts's dividend payout ratio (DPR) is presently 37.04%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Red Rock Resorts from $54.00 to $56.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 4th. Macquarie reduced their target price on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Mizuho cut Red Rock Resorts from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $57.00 to $44.00 in a research note on Monday. Barclays dropped their price target on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Finally, Truist Financial decreased their price objective on shares of Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.42.
Get Our Latest Stock Report on RRR
Red Rock Resorts Profile
(
Free Report)
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.
Further Reading
Before you consider Red Rock Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Rock Resorts wasn't on the list.
While Red Rock Resorts currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
