Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 47.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,788 shares of the company's stock after buying an additional 13,441 shares during the quarter. Deutsche Bank AG's holdings in Red Rock Resorts were worth $1,932,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RRR. Sterling Capital Management LLC lifted its stake in Red Rock Resorts by 654.7% in 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 last quarter. KBC Group NV increased its position in shares of Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after buying an additional 540 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after acquiring an additional 664 shares in the last quarter. Cibc World Markets Corp bought a new position in Red Rock Resorts in the fourth quarter worth $213,000. Finally, Jump Financial LLC purchased a new position in Red Rock Resorts during the 4th quarter valued at about $253,000. Hedge funds and other institutional investors own 47.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus cut their target price on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating on the stock in a research note on Friday, May 2nd. Mizuho reduced their target price on Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Macquarie reaffirmed an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a report on Friday, May 2nd. Finally, JMP Securities dropped their price objective on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $52.64.

Red Rock Resorts Stock Down 1.4%

Shares of RRR traded down $0.71 during trading hours on Thursday, hitting $48.83. The company had a trading volume of 672,454 shares, compared to its average volume of 583,718. Red Rock Resorts, Inc. has a one year low of $35.09 and a one year high of $61.73. The company's fifty day moving average price is $43.42 and its two-hundred day moving average price is $46.49. The company has a market capitalization of $5.18 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings data 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. 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 net margin of 7.94% and a return on equity of 71.00%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, equities analysts forecast that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

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

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.