5,808 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new position 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 & Exchange Commission. The institutional investor acquired 5,808 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors have also recently made changes to their positions in the business. Sterling Capital Management LLC grew its stake in shares of Red Rock Resorts by 654.7% during the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after purchasing an additional 766 shares during the period. KBC Group NV boosted its holdings in Red Rock Resorts by 37.1% during the fourth 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. Tower Research Capital LLC TRC grew its position in Red Rock Resorts by 47.7% during the fourth 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 period. Cibc World Markets Corp acquired a new stake in Red Rock Resorts during the fourth quarter valued at $213,000. Finally, Jump Financial LLC purchased a new position in Red Rock Resorts in the fourth quarter valued at $253,000. Hedge funds and other institutional investors own 47.84% of the company's stock.

Wall Street Analyst Weigh In

RRR has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price on shares of Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their price objective on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Susquehanna reduced their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.64.

Red Rock Resorts Stock Up 4.1%

NASDAQ:RRR traded up $1.84 during midday trading on Thursday, reaching $46.45. The company had a trading volume of 460,384 shares, compared to its average volume of 576,041. The stock's fifty day simple moving average is $43.02 and its 200-day simple moving average is $46.71. 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, Inc. has a 12-month low of $35.09 and a 12-month high of $61.73. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 4.32 and a beta of 1.64.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $497.86 million during the quarter, compared to the consensus estimate of $499.12 million. During the same period in the previous year, the company posted $0.68 earnings per share. The business's revenue for the quarter was up 1.8% on a year-over-year basis. On average, 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 company also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.00 per share. This represents a yield of 2.29%. The ex-dividend date is Monday, June 16th. Red Rock Resorts's dividend payout ratio (DPR) is presently 38.76%.

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.