Nebula Research & Development LLC increased its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,314 shares of the company's stock after purchasing an additional 8,821 shares during the period. Nebula Research & Development LLC's holdings in Red Rock Resorts were worth $1,725,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of RRR. Vanguard Group Inc. increased its holdings in shares of Red Rock Resorts by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company's stock valued at $239,576,000 after purchasing an additional 50,193 shares during the period. Long Pond Capital LP raised its stake in shares of Red Rock Resorts by 142.5% during the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock worth $68,165,000 after buying an additional 866,320 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Red Rock Resorts by 20.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company's stock worth $62,149,000 after buying an additional 229,843 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Red Rock Resorts by 3.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,225,188 shares of the company's stock valued at $56,653,000 after acquiring an additional 38,620 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Red Rock Resorts by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 621,151 shares of the company's stock valued at $28,722,000 after acquiring an additional 44,043 shares in the last quarter. Hedge funds and other institutional investors own 47.84% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. JMP Securities lowered their price target on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Susquehanna lowered their target price 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. Jefferies Financial Group reissued a "hold" rating and issued a $51.00 price target (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Mizuho increased their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Barclays dropped their price objective 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Red Rock Resorts has a consensus rating of "Hold" and a consensus target price of $54.33.
Read Our Latest Analysis on Red Rock Resorts
Red Rock Resorts Stock Down 1.3 %
NASDAQ RRR traded down $0.58 during trading hours on Thursday, hitting $42.13. The company had a trading volume of 456,405 shares, compared to its average volume of 568,868. 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 fifty-two week low of $35.09 and a fifty-two week high of $61.73. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 4.32 and a beta of 1.69. The firm's 50 day moving average is $43.64 and its 200 day moving average is $47.45.
Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Sell-side analysts anticipate that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.
Red Rock Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.
Red Rock Resorts Company Profile
(
Free Report)
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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