Jefferies Financial Group Inc. Purchases Shares of 39,500 Red Rock Resorts, Inc. (NASDAQ:RRR)

Jefferies Financial Group Inc. acquired a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 39,500 shares of the company's stock, valued at approximately $1,826,000.

Several other institutional investors have also modified their holdings of the company. Arizona State Retirement System increased its stake in Red Rock Resorts by 1.5% in the fourth quarter. Arizona State Retirement System now owns 14,707 shares of the company's stock valued at $680,000 after purchasing an additional 216 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Red Rock Resorts by 3.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 10,662 shares of the company's stock valued at $492,000 after acquiring an additional 314 shares in the last quarter. KBC Group NV boosted its holdings in shares of Red Rock Resorts by 37.1% in the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after acquiring an additional 540 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Red Rock Resorts by 47.7% in 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 in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings 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 acquiring an additional 766 shares in the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Price Performance

Shares of NASDAQ RRR traded down $0.65 on Friday, hitting $48.18. The company's stock had a trading volume of 610,232 shares, compared to its average volume of 582,759. Red Rock Resorts, Inc. has a 12-month low of $35.09 and a 12-month high of $61.73. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The stock has a 50 day moving average of $43.49 and a 200-day moving average of $46.40.

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 (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The company had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on RRR shares. Susquehanna lowered 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 report on Wednesday, April 16th. Macquarie reaffirmed an "outperform" rating and issued a $58.00 target price on shares of Red Rock Resorts in a report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Barclays decreased their price objective 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. Finally, Mizuho decreased their price objective on shares of Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.64.

About Red Rock Resorts

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.