BNP Paribas Financial Markets Has $1.57 Million Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

BNP Paribas Financial Markets increased its position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 121.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,039 shares of the company's stock after purchasing an additional 18,665 shares during the quarter. BNP Paribas Financial Markets' holdings in Red Rock Resorts were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its holdings in shares of Red Rock Resorts by 654.7% during 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 grew its holdings in Red Rock Resorts by 37.1% in 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 increased its stake in Red Rock Resorts by 47.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock valued at $95,000 after buying an additional 664 shares during the period. Cibc World Markets Corp acquired a new position in Red Rock Resorts during the 4th quarter valued at about $213,000. Finally, Jump Financial LLC acquired a new position in Red Rock Resorts during the 4th quarter valued at about $253,000. 47.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho lowered 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. Barclays dropped their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus dropped 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 research report on Friday, May 2nd. Susquehanna dropped 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 report on Wednesday, April 16th. Finally, JMP Securities reduced their target price on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.64.

Red Rock Resorts Trading Down 0.4%

Red Rock Resorts stock traded down $0.19 during trading hours on Friday, reaching $47.00. 726,031 shares of the company's stock traded hands, compared to its average volume of 579,771. 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, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $61.73. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 4.32 and a beta of 1.64. The firm's 50 day moving average is $43.11 and its 200-day moving average is $46.58.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced 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 period last year, the company posted $0.68 EPS. On average, analysts predict that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $1.00 dividend. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 2.29%. Red Rock Resorts's dividend payout ratio is 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.