Dimensional Fund Advisors LP Purchases 9,918 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Dimensional Fund Advisors LP boosted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,365 shares of the company's stock after purchasing an additional 9,918 shares during the quarter. Dimensional Fund Advisors LP owned about 0.47% of Red Rock Resorts worth $23,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RRR. Long Pond Capital LP raised its holdings in Red Rock Resorts by 142.5% during the fourth quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock worth $68,165,000 after purchasing an additional 866,320 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Red Rock Resorts by 167.6% in the 4th 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 period. Vaughan Nelson Investment Management L.P. grew its stake in 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 acquiring an additional 229,843 shares during the period. Norges Bank acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at $5,352,000. Finally, Trexquant Investment LP purchased a new position in Red Rock Resorts in the fourth quarter valued at approximately $5,273,000. 47.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RRR shares. Stifel Nicolaus reduced their target price on shares of Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating on the stock in a report on Friday, May 2nd. Mizuho cut their target price on shares of Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Macquarie restated an "outperform" rating and issued a $58.00 target price on shares of Red Rock Resorts in a research report on Friday, May 2nd. JMP Securities dropped their price target on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays reduced their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.83.

Red Rock Resorts Stock Up 5.0%

RRR stock traded up $2.21 during midday trading on Monday, reaching $46.61. The company had a trading volume of 54,288 shares, compared to its average volume of 563,526. Red Rock Resorts, Inc. has a 1 year low of $35.09 and a 1 year high of $61.73. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The company has a market capitalization of $4.94 billion, a P/E ratio of 18.74, a PEG ratio of 4.32 and a beta of 1.64. The company has a 50 day moving average of $42.79 and a two-hundred day moving average of $46.98.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.33. The business had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. Red Rock Resorts's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. On average, equities research analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 14th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is currently 38.76%.

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.