Rhumbline Advisers Decreases Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

Rhumbline Advisers lessened its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,426 shares of the company’s stock after selling 2,448 shares during the period. Rhumbline Advisers owned 0.07% of Red Rock Resorts worth $3,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RRR. Bamco Inc. NY increased its holdings in shares of Red Rock Resorts by 1.0% during the third quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock valued at $578,332,000 after acquiring an additional 106,509 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Red Rock Resorts by 20.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock worth $62,149,000 after buying an additional 229,843 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Red Rock Resorts by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock valued at $63,776,000 after buying an additional 14,029 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Red Rock Resorts by 3.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock valued at $61,763,000 after acquiring an additional 38,443 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Red Rock Resorts by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company’s stock valued at $31,418,000 after purchasing an additional 4,810 shares during the last quarter. Institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Stock Performance

Shares of RRR opened at $49.97 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 4.32 and a beta of 2.02. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. Red Rock Resorts, Inc. has a one year low of $42.46 and a one year high of $63.28. The company’s fifty day moving average price is $48.08 and its 200 day moving average price is $51.12.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. As a group, analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%. Red Rock Resorts’s payout ratio is presently 39.84%.

Wall Street Analyst Weigh In

RRR has been the topic of several analyst reports. Truist Financial cut their price target on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Macquarie reduced their price target on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Mizuho upped their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Susquehanna lifted their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a report on Wednesday, February 12th. Finally, JMP Securities cut their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Seven 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, the company currently has a consensus rating of “Hold” and an average 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.