Northern Trust Corp Has $23.55 Million Stock Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Northern Trust Corp cut its stake in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 509,341 shares of the company's stock after selling 18,396 shares during the period. Northern Trust Corp owned approximately 0.48% of Red Rock Resorts worth $23,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RRR. Barclays PLC boosted its stake in Red Rock Resorts by 227.9% in the 3rd quarter. Barclays PLC now owns 78,932 shares of the company's stock worth $4,297,000 after purchasing an additional 54,863 shares during the period. JPMorgan Chase & Co. lifted its position in Red Rock Resorts by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company's stock worth $4,856,000 after buying an additional 14,148 shares in the last quarter. Mayfair Advisory Group LLC lifted its position in Red Rock Resorts by 15.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock worth $208,000 after buying an additional 591 shares in the last quarter. Avior Wealth Management LLC lifted its position in Red Rock Resorts by 11.8% during the 4th quarter. Avior Wealth Management LLC now owns 8,828 shares of the company's stock worth $408,000 after buying an additional 930 shares in the last quarter. Finally, KBC Group NV lifted its position in Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after buying an additional 540 shares in the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Stock Performance

Shares of NASDAQ:RRR traded down $0.05 on Friday, reaching $47.10. 486,947 shares of the company's stock were exchanged, compared to its average volume of 572,054. The company has a fifty day moving average of $42.92 and a 200-day moving average of $46.77. Red Rock Resorts, Inc. has a twelve month low of $35.09 and a twelve month high of $61.73. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 4.32 and a beta of 1.64. 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 announced its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $497.86 million for the quarter, compared to analyst estimates of $499.12 million. During the same quarter in the prior year, the business posted $0.68 EPS. The business's revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

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 dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 2.29%. Red Rock Resorts's dividend payout ratio is 38.76%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Macquarie reissued an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a research report on Friday, May 2nd. JMP Securities cut 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 cut their price target on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research report on Wednesday, April 16th. Barclays cut their price target on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Mizuho dropped their target price on shares of Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Red Rock Resorts currently has an average rating of "Hold" 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.