SG Americas Securities LLC Purchases Shares of 17,294 Red Rock Resorts, Inc. (NASDAQ:RRR)

SG Americas Securities LLC purchased a new stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,294 shares of the company's stock, valued at approximately $750,000.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in Red Rock Resorts by 1.5% during 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 last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Red Rock Resorts by 3.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 10,662 shares of the company's stock valued at $492,000 after purchasing an additional 314 shares during the last quarter. 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 valued at $95,000 after purchasing an additional 664 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in 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 purchasing an additional 766 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Red Rock Resorts by 1.3% during the first quarter. Rhumbline Advisers now owns 73,332 shares of the company's stock valued at $3,180,000 after purchasing an additional 906 shares during the last quarter. Institutional investors own 47.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective 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. Barclays dropped 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. Truist Financial dropped 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. Stifel Nicolaus dropped their price objective 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. Finally, Susquehanna lowered their price target 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.64.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock traded down $0.52 on Friday, reaching $50.23. The stock had a trading volume of 838,513 shares, compared to its average volume of 596,059. Red Rock Resorts, Inc. has a 1 year low of $35.09 and a 1 year high of $61.73. The company has a market cap of $5.33 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 5.27 and a beta of 1.61. 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 business's 50 day moving average is $46.01 and its two-hundred day moving average is $46.36.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.33. The business 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 8.01% and a return on equity of 56.45%. Red Rock Resorts's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, research analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $1.00 dividend. This represents a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 16th. Red Rock Resorts's dividend payout ratio is currently 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.