17,198 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,198 shares of the company's stock, valued at approximately $795,000.

Several other large investors also recently made changes to their positions in RRR. Sterling Capital Management LLC lifted its holdings in Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after purchasing an additional 766 shares during the period. KBC Group NV raised its position in shares of Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after buying an additional 540 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after acquiring an additional 664 shares during the period. Mayfair Advisory Group LLC boosted its holdings in shares of Red Rock Resorts by 15.1% in the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after acquiring an additional 591 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Red Rock Resorts during the fourth quarter valued at approximately $213,000. Institutional investors and hedge funds own 47.84% of the company's stock.

Red Rock Resorts Trading Down 2.4 %

Shares of RRR stock traded down $1.05 during trading hours on Wednesday, reaching $42.54. 117,208 shares of the stock traded hands, compared to its average volume of 566,204. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The firm has a market capitalization of $4.51 billion, a PE ratio of 16.94, a PEG ratio of 4.32 and a beta of 1.69. Red Rock Resorts, Inc. has a 1-year low of $35.09 and a 1-year high of $61.73. The business has a fifty day moving average price of $43.82 and a 200 day moving average price of $47.48.

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, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. On average, equities research analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given 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 2.35%. Red Rock Resorts's payout ratio is presently 39.84%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RRR. Barclays cut their target price on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. JMP Securities cut 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. Mizuho lifted their target price on Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Truist Financial cut their price target on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus lifted their price objective 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Red Rock Resorts has an average rating of "Hold" and a consensus target price of $54.33.

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.