Barclays PLC Acquires 11,977 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Barclays PLC increased its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 15.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,909 shares of the company's stock after acquiring an additional 11,977 shares during the period. Barclays PLC owned approximately 0.09% of Red Rock Resorts worth $4,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings 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 acquiring an additional 766 shares during the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 540 shares during the last quarter. Mayfair Advisory Group LLC boosted its holdings 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 worth $208,000 after purchasing an additional 591 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Red Rock Resorts during the 4th quarter valued at about $213,000. Finally, Versor Investments LP raised its holdings in shares of Red Rock Resorts by 52.5% during the 4th quarter. Versor Investments LP now owns 6,100 shares of the company's stock valued at $282,000 after buying an additional 2,100 shares in the last quarter. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on RRR shares. Truist Financial reduced their price target on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on shares of Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating on the stock in a report on Friday. Morgan Stanley lowered their price target on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JMP Securities reduced their price objective on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Macquarie reiterated an "outperform" rating and issued a $58.00 price objective on shares of Red Rock Resorts in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Red Rock Resorts has an average rating of "Hold" and a consensus price target of $53.00.

Red Rock Resorts Trading Up 3.1 %

Shares of NASDAQ RRR traded up $1.30 during midday trading on Friday, hitting $43.57. 148,480 shares of the company traded hands, compared to its average volume of 571,360. 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 $4.62 billion, a P/E ratio of 17.36, a P/E/G ratio of 4.32 and a beta of 1.69. The stock has a 50-day moving average price of $43.47 and a 200 day moving average price of $47.37. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.33. The firm had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. As a group, analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Monday, March 17th. Red Rock Resorts's dividend payout ratio is currently 39.84%.

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.