GAMMA Investing LLC lifted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 7,978.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,240 shares of the company's stock after buying an additional 8,138 shares during the quarter. GAMMA Investing LLC's holdings in Red Rock Resorts were worth $357,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew 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 valued at $41,000 after buying an additional 766 shares during the last quarter. Tower Research Capital LLC TRC boosted 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 purchasing an additional 664 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Red Rock Resorts in the 4th quarter worth $213,000. Jump Financial LLC purchased a new position in shares of Red Rock Resorts in the fourth quarter worth $253,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Red Rock Resorts in the fourth quarter worth $269,000. Institutional investors own 47.84% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on RRR shares. JMP Securities decreased their target price on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their price objective 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. Stifel Nicolaus cut their price target on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Mizuho upgraded shares of Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 price objective on the stock in a research note on Monday, June 2nd. Finally, Truist Financial reduced their price target on Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Red Rock Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.64.
View Our Latest Research Report on Red Rock Resorts
Red Rock Resorts Trading Down 1.0%
Shares of RRR stock opened at $50.23 on Friday. The company has a market cap of $5.33 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 5.33 and a beta of 1.61. Red Rock Resorts, Inc. has a 1 year low of $35.09 and a 1 year high of $61.73. The stock's 50 day simple moving average is $46.01 and its two-hundred day simple moving average is $46.38. 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 (NASDAQ:RRR - Get Free Report) last released its earnings results 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 firm had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. Research 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 announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.00 dividend. This represents a dividend yield of 2.29%. The ex-dividend date is Monday, June 16th. Red Rock Resorts's dividend payout ratio is currently 38.76%.
Red Rock Resorts Company Profile
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Free Report)
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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