Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,030,837 shares of the company's stock after selling 196,049 shares during the quarter. Vanguard Group Inc. owned 4.82% of Red Rock Resorts worth $206,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in RRR. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Red Rock Resorts in the 1st quarter worth approximately $30,000. Lazard Asset Management LLC bought a new stake in shares of Red Rock Resorts in the 4th quarter worth approximately $34,000. Tower Research Capital LLC TRC lifted its holdings in shares of Red Rock Resorts by 601.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,283 shares of the company's stock worth $57,000 after acquiring an additional 1,100 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Red Rock Resorts in the second quarter worth $92,000. Finally, State of Wyoming purchased a new position in shares of Red Rock Resorts in the fourth quarter worth $113,000. 47.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Red Rock Resorts

In other Red Rock Resorts news, CFO Stephen Lawrence Cootey sold 7,520 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.74, for a total transaction of $434,204.80. Following the transaction, the chief financial officer now owns 243,808 shares in the company, valued at approximately $14,077,473.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 54.20% of the company's stock.

Red Rock Resorts Stock Up 0.1 %

Red Rock Resorts stock traded up $0.06 during mid-day trading on Friday, reaching $59.82. The stock had a trading volume of 581,471 shares, compared to its average volume of 323,083. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 4.09 and a beta of 2.06. The company has a 50-day moving average price of $56.71 and a two-hundred day moving average price of $49.33. Red Rock Resorts, Inc. has a one year low of $37.82 and a one year high of $60.59. The company has a debt-to-equity ratio of 13.54, a current ratio of 0.81 and a quick ratio of 0.76.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.55. The company had revenue of $462.71 million for the quarter, compared to analysts' expectations of $440.75 million. Red Rock Resorts had a net margin of 10.21% and a return on equity of 114.32%. Red Rock Resorts's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. On average, analysts expect that Red Rock Resorts, Inc. will post 1.9 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, March 14th. Red Rock Resorts's dividend payout ratio is currently 33.90%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RRR. Wells Fargo & Company lifted their target price on shares of Red Rock Resorts from $57.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Macquarie raised shares of Red Rock Resorts from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $51.00 to $58.00 in a research note on Wednesday, January 17th. Susquehanna lifted their target price on shares of Red Rock Resorts from $52.00 to $66.00 and gave the stock a "positive" rating in a research note on Thursday, February 8th. Barclays lifted their target price on shares of Red Rock Resorts from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Finally, Truist Financial lifted their target price on shares of Red Rock Resorts from $46.00 to $55.00 and gave the stock a "hold" rating in a research note on Wednesday, December 20th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.27.

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.