Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,181,146 shares of the company’s stock after purchasing an additional 50,193 shares during the quarter. Vanguard Group Inc. owned approximately 4.91% of Red Rock Resorts worth $239,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RRR. Quarry LP increased its position in 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 buying an additional 930 shares during the period. KBC Group NV grew its position in shares of 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 acquiring an additional 540 shares during the last quarter. Mayfair Advisory Group LLC grew its position 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 worth $208,000 after acquiring an additional 591 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at $213,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Red Rock Resorts in the 3rd quarter valued at $233,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Price Performance

Shares of NASDAQ:RRR opened at $37.62 on Friday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The business’s fifty day moving average price is $47.37 and its two-hundred day moving average price is $49.15. The stock has a market cap of $3.99 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69. Red Rock Resorts, Inc. has a one year low of $36.02 and a one year high of $62.25.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. On average, analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, March 17th. Red Rock Resorts’s dividend payout ratio is currently 39.84%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RRR shares. JMP Securities dropped their price target on 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 increased their price target on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Truist Financial decreased their price target on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Stifel Nicolaus upped their price objective on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.