Crystal Rock Capital Management Has $3.12 Million Stake in Red Rock Resorts, Inc. (NASDAQ:RRR)

Crystal Rock Capital Management grew its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 9.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,025 shares of the company's stock after acquiring an additional 5,925 shares during the period. Red Rock Resorts accounts for approximately 2.1% of Crystal Rock Capital Management's holdings, making the stock its 19th largest position. Crystal Rock Capital Management owned approximately 0.07% of Red Rock Resorts worth $3,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after buying an additional 766 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Red Rock Resorts by 47.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock valued at $95,000 after acquiring an additional 664 shares during the last quarter. KBC Group NV boosted its position in Red Rock Resorts by 44.6% during the first quarter. KBC Group NV now owns 2,887 shares of the company's stock valued at $125,000 after acquiring an additional 891 shares during the last quarter. Mayfair Advisory Group LLC boosted its position in Red Rock Resorts by 8.1% during the first quarter. Mayfair Advisory Group LLC now owns 4,861 shares of the company's stock valued at $211,000 after acquiring an additional 364 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Red Rock Resorts during the 4th quarter worth about $213,000. Institutional investors own 47.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RRR shares. Stifel Nicolaus lowered 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. Macquarie restated an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a report on Friday, May 2nd. Mizuho upgraded Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 price target for the company in a report on Monday, June 2nd. JPMorgan Chase & Co. assumed coverage on shares of Red Rock Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $62.00 price target for the company. Finally, JMP Securities raised their price target on shares of Red Rock Resorts from $55.00 to $57.00 and gave the company a "market outperform" rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.45.

Red Rock Resorts Stock Performance

Shares of Red Rock Resorts stock traded up $0.29 on Tuesday, hitting $54.78. The stock had a trading volume of 27,375 shares, compared to its average volume of 624,265. Red Rock Resorts, Inc. has a 52-week low of $35.09 and a 52-week high of $61.08. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 9.04. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 3.58 and a beta of 1.62. The company's 50 day moving average price is $50.75 and its 200 day moving average price is $47.30.

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

Red Rock Resorts Announces Dividend

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

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.

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