Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 537.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 215,397 shares of the company's stock after buying an additional 181,619 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.20% of Red Rock Resorts worth $9,960,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RRR. Bamco Inc. NY grew its stake in Red Rock Resorts by 6.9% in the 4th quarter. Bamco Inc. NY now owns 11,356,201 shares of the company's stock valued at $525,111,000 after purchasing an additional 732,917 shares during the period. Vanguard Group Inc. grew its position in Red Rock Resorts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company's stock valued at $239,576,000 after buying an additional 50,193 shares during the period. Eminence Capital LP increased its holdings in Red Rock Resorts by 36.1% during the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company's stock worth $95,097,000 after buying an additional 546,047 shares during the last quarter. Long Pond Capital LP raised its position in Red Rock Resorts by 142.5% in the fourth quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock worth $68,165,000 after acquiring an additional 866,320 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Red Rock Resorts by 20.6% in 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 period. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Stock Down 1.2%

NASDAQ RRR traded down $0.54 on Tuesday, reaching $45.93. 76,226 shares of the stock traded hands, compared to its average volume of 570,622. Red Rock Resorts, Inc. has a 12 month low of $35.09 and a 12 month high of $61.73. The company has a fifty day moving average price of $42.97 and a 200-day moving average price of $46.73. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 4.32 and a beta of 1.64. 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 (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The firm had revenue of $497.86 million during the quarter, compared to analyst estimates of $499.12 million. During the same quarter in the previous year, the business posted $0.68 EPS. Red Rock Resorts's revenue was up 1.8% on a year-over-year basis. As a group, 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 an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.00 dividend. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 2.29%. Red Rock Resorts's payout ratio is 38.76%.

Analyst Upgrades and Downgrades

RRR has been the topic of several research reports. 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 research report on Wednesday, April 16th. Mizuho dropped their target price on Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Macquarie reaffirmed an "outperform" rating and set a $58.00 price objective on shares of Red Rock Resorts in a research note on Friday, May 2nd. Susquehanna decreased their target price on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research note on Wednesday, April 16th. Finally, JMP Securities dropped their price objective on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.64.

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.