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

Jefferies Financial Group Inc. purchased a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,500 shares of the company's stock, valued at approximately $1,826,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of Red Rock Resorts by 654.7% during the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after buying an additional 766 shares in the last quarter. KBC Group NV increased 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 purchasing an additional 540 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in 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 valued at $95,000 after buying an additional 664 shares during the last quarter. Mayfair Advisory Group LLC increased its stake in shares of Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock worth $208,000 after purchasing an additional 591 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Red Rock Resorts during the fourth quarter worth $213,000. 47.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RRR has been the topic of a number of analyst reports. Truist Financial reduced their price target on Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Macquarie reaffirmed an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a research note on Friday, May 2nd. 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 research report on Thursday, April 17th. Susquehanna cut their price target on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays decreased their target price on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.64.

Red Rock Resorts Stock Performance

Shares of Red Rock Resorts stock traded down $0.63 during trading hours on Tuesday, hitting $45.85. 96,836 shares of the company's stock traded hands, compared to its average volume of 570,673. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 18.27, a PEG 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. Red Rock Resorts, Inc. has a 12-month low of $35.09 and a 12-month high of $61.73. The company has a fifty day simple moving average of $42.97 and a 200-day simple moving average of $46.73.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. The firm 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 business posted $0.68 earnings per share. The business's quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm 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 payout ratio is 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.