Jefferies Financial Group Inc. Takes $1.83 Million Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

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

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC grew 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 buying an additional 766 shares in the last quarter. KBC Group NV grew its stake in shares of Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after buying an additional 540 shares in the last quarter. Tower Research Capital LLC TRC grew its stake 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 valued at $95,000 after buying an additional 664 shares in the last quarter. Mayfair Advisory Group LLC grew its stake in shares of Red Rock Resorts by 15.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after buying an additional 591 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Red Rock Resorts in the 4th quarter valued at approximately $213,000. Institutional investors and hedge funds own 47.84% of the company's stock.

Red Rock Resorts Stock Down 1.6%

Shares of RRR stock opened at $47.20 on Thursday. Red Rock Resorts, Inc. has a 12 month low of $35.09 and a 12 month high of $61.73. The firm has a market cap of $5.01 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64. The stock has a 50 day moving average of $42.79 and a 200-day moving average of $46.95. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $497.86 million during the quarter, compared to analyst estimates of $499.12 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a dividend yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is presently 38.76%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho lowered their price target on Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. JMP Securities decreased their target price on 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. Stifel Nicolaus decreased their target price on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Macquarie reaffirmed an "outperform" rating and set a $58.00 target price on shares of Red Rock Resorts in a research report on Friday, May 2nd. Finally, Susquehanna decreased their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.64.

Red Rock Resorts Company 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.

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