Swiss National Bank Buys 1,400 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Swiss National Bank raised its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,700 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank owned 0.09% of Red Rock Resorts worth $4,610,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System grew its stake in shares of Red Rock Resorts by 1.5% in the 4th quarter. Arizona State Retirement System now owns 14,707 shares of the company’s stock valued at $680,000 after buying an additional 216 shares during the period. KBC Group NV grew its stake in Red Rock Resorts by 37.1% in the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after acquiring an additional 540 shares during the period. Mayfair Advisory Group LLC increased its holdings in shares of Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after acquiring an additional 591 shares in the last quarter. Quarry LP raised its position in shares of Red Rock Resorts by 479.4% during the third quarter. Quarry LP now owns 1,124 shares of the company’s stock worth $61,000 after purchasing an additional 930 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of Red Rock Resorts by 11.8% in the 4th quarter. Avior Wealth Management LLC now owns 8,828 shares of the company’s stock worth $408,000 after purchasing an additional 930 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Stock Up 2.0 %

RRR stock opened at $45.13 on Tuesday. Red Rock Resorts, Inc. has a 1-year low of $42.33 and a 1-year high of $63.29. The stock has a market cap of $4.79 billion, a P/E ratio of 17.98, a P/E/G ratio of 4.32 and a beta of 2.01. The stock’s fifty day simple moving average is $48.15 and its two-hundred day simple moving average is $49.85. 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) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. Analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 39.84%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Jefferies Financial Group reissued a “hold” rating and set a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. JMP Securities dropped their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Mizuho boosted their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Susquehanna increased their price objective on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research note on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $57.33.

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.