Fox Run Management L.L.C. Has $200,000 Stake in Red Rock Resorts, Inc. $RRR

Key Points

• Fox Run Management L.L.C. has reduced its stake in Red Rock Resorts by 47.6%, selling 4,193 shares, and now owns 4,616 shares valued at approximately $200,000.
• Red Rock Resorts recently announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 1.7%.
• The company reported $0.95 EPS for the last quarter, significantly surpassing analysts' expectations of $0.40, and saw an 8.2% increase in quarterly revenue compared to the previous year.

Fox Run Management L.L.C. lowered its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 47.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,616 shares of the company's stock after selling 4,193 shares during the quarter. Fox Run Management L.L.C.'s holdings in Red Rock Resorts were worth $200,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in shares of Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after purchasing an additional 766 shares during the period. Pandora Wealth Inc. acquired a new stake in Red Rock Resorts during the 1st quarter worth $43,000. US Bancorp DE lifted its holdings in Red Rock Resorts by 1,664.4% during the first quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after acquiring an additional 982 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Red Rock Resorts during the first quarter worth about $89,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 worth $95,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company's stock.

Insiders Place Their Bets

In other Red Rock Resorts news, EVP Jeffrey T. Welch sold 56,653 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $60.23, for a total transaction of $3,412,210.19. Following the transaction, the executive vice president owned 314,767 shares of the company's stock, valued at $18,958,416.41. The trade was a 15.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kord Nichols sold 42,325 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $58.61, for a total value of $2,480,668.25. Following the transaction, the chief operating officer directly owned 129,361 shares in the company, valued at approximately $7,581,848.21. This trade represents a 24.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,628 shares of company stock valued at $13,501,984 over the last 90 days. 53.81% of the stock is currently owned by insiders.

Red Rock Resorts Stock Up 1.3%

RRR traded up $0.80 on Monday, hitting $62.24. 229,308 shares of the company were exchanged, compared to its average volume of 721,363. Red Rock Resorts, Inc. has a 12 month low of $35.09 and a 12 month high of $62.50. The company has a market cap of $6.57 billion, a PE ratio of 21.17, a PEG ratio of 2.48 and a beta of 1.66. The company has a debt-to-equity ratio of 11.28, a quick ratio of 0.84 and a current ratio of 0.89. The stock's fifty day moving average is $55.70 and its 200-day moving average is $49.26.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.55. Red Rock Resorts had a return on equity of 59.97% and a net margin of 8.89%.The business had revenue of $526.27 million for the quarter, compared to analyst estimates of $485.44 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Red Rock Resorts's revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Red Rock Resorts's payout ratio is 34.01%.

Analyst Upgrades and Downgrades

RRR has been the topic of several recent analyst reports. Macquarie reiterated an "outperform" rating and set a $58.00 target price on shares of Red Rock Resorts in a report on Friday, May 2nd. Mizuho lifted their target price on Red Rock Resorts from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays lifted their target price on Red Rock Resorts from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price target on Red Rock Resorts from $49.00 to $53.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Susquehanna restated a "positive" rating and issued a $68.00 price target (up from $65.00) on shares of Red Rock Resorts in a report on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $60.73.

Red Rock Resorts 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.