Crystal Rock Capital Management Purchases 5,925 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Crystal Rock Capital Management boosted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,025 shares of the company's stock after acquiring an additional 5,925 shares during the period. Red Rock Resorts accounts for 2.1% of Crystal Rock Capital Management's holdings, making the stock its 19th biggest position. Crystal Rock Capital Management owned about 0.07% of Red Rock Resorts worth $3,124,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RRR. Long Pond Capital LP grew its holdings in Red Rock Resorts by 142.5% in the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock valued at $68,165,000 after buying an additional 866,320 shares in the last quarter. Bamco Inc. NY grew its holdings 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 buying an additional 732,917 shares in the last quarter. Eminence Capital LP grew its holdings in Red Rock Resorts by 36.1% in the 4th quarter. Eminence Capital LP now owns 2,056,588 shares of the company's stock valued at $95,097,000 after buying an additional 546,047 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 valued at $19,534,000 after buying an additional 264,609 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Red Rock Resorts by 19.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,602,368 shares of the company's stock valued at $69,494,000 after buying an additional 258,310 shares in the last quarter. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Price Performance

NASDAQ:RRR traded up $0.88 during trading hours on Friday, hitting $53.67. The company's stock had a trading volume of 154,408 shares, compared to its average volume of 687,791. The stock has a fifty day simple moving average of $51.29 and a 200-day simple moving average of $47.51. The company has a market capitalization of $5.69 billion, a P/E ratio of 20.79, a PEG ratio of 3.57 and a beta of 1.62. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.92 and a quick ratio of 0.87. Red Rock Resorts, Inc. has a twelve month low of $35.09 and a twelve month high of $58.83.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.33. The business had revenue of $497.86 million for the quarter, compared to analyst estimates of $499.12 million. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. Red Rock Resorts's revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $1.00 dividend. This represents a yield of 2.29%. The ex-dividend date was Monday, June 16th. Red Rock Resorts's dividend payout ratio (DPR) is presently 38.76%.

Wall Street Analysts Forecast Growth

RRR has been the topic of a number of research reports. Citigroup reaffirmed an "outperform" rating on shares of Red Rock Resorts in a report on Friday, July 18th. Susquehanna increased their target price on Red Rock Resorts from $52.00 to $65.00 and gave the stock a "positive" rating in a report on Thursday. Morgan Stanley raised their price target on Red Rock Resorts from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Truist Financial upgraded Red Rock Resorts from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $67.00 in a research report on Wednesday, July 16th. Finally, Barclays raised their price target on Red Rock Resorts from $54.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $56.64.

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.