Red Rock Resorts, Inc. (NASDAQ:RRR) Holdings Raised by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 19.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,602,368 shares of the company's stock after buying an additional 258,310 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.51% of Red Rock Resorts worth $69,494,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of Red Rock Resorts by 654.7% during the 4th 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 period. Cibc World Markets Corp bought a new position in Red Rock Resorts in the 4th quarter worth about $213,000. Jump Financial LLC bought a new position in Red Rock Resorts in the 4th quarter worth about $253,000. Finally, Occudo Quantitative Strategies LP bought a new position in Red Rock Resorts in the 4th quarter worth about $269,000. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Price Performance

RRR stock traded down $1.06 on Friday, hitting $47.73. 585,985 shares of the company's stock traded hands, compared to its average volume of 590,360. Red Rock Resorts, Inc. has a 1-year low of $35.09 and a 1-year high of $61.73. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 4.32 and a beta of 1.61. The stock has a fifty day moving average of $45.03 and a 200-day moving average of $46.35. 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 released its earnings results on Thursday, May 1st. The company reported $0.80 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 business had revenue of $497.86 million during the quarter, compared to analyst estimates of $499.12 million. During the same period in the prior year, the business earned $0.68 earnings per share. The business's quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on RRR. Truist Financial decreased their target price on shares of 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. Mizuho upgraded shares of Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 target price for the company in a research report on Monday, June 2nd. Susquehanna reduced their price target on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a research note on Wednesday, April 16th. Barclays decreased their price objective on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, JMP Securities decreased their price objective on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Red Rock Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $52.64.

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.