Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) by 537.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 215,397 shares of the company’s stock after purchasing an additional 181,619 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Red Rock Resorts were worth $9,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its stake in shares of Red Rock Resorts by 6.9% in the fourth quarter. Bamco Inc. NY now owns 11,356,201 shares of the company’s stock valued at $525,111,000 after purchasing an additional 732,917 shares during the period. Vanguard Group Inc. grew its position in Red Rock Resorts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock worth $239,576,000 after buying an additional 50,193 shares during the period. Eminence Capital LP increased its holdings in Red Rock Resorts by 36.1% in the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company’s stock valued at $95,097,000 after buying an additional 546,047 shares in the last quarter. Long Pond Capital LP lifted its position in shares of Red Rock Resorts by 142.5% during the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company’s stock valued at $68,165,000 after acquiring an additional 866,320 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Red Rock Resorts by 20.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after acquiring an additional 229,843 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Trading Down 1.6%

Shares of RRR stock opened at $47.20 on Thursday. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.32 and a beta of 1.64. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The firm has a 50-day moving average price of $42.79 and a 200 day moving average price of $46.95. Red Rock Resorts, Inc. has a twelve month low of $35.09 and a twelve month high of $61.73.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.33. The business had revenue of $497.86 million during the quarter, compared to the consensus estimate of $499.12 million. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Research analysts forecast that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 14th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 14th. This represents a yield of 2.29%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 38.76%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RRR. Truist Financial lowered their price target on Red Rock Resorts from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. JMP Securities lowered their target price on Red Rock Resorts from $59.00 to $55.00 and set a “market outperform” rating on the stock in a report on Thursday, April 17th. Morgan Stanley dropped their price target on Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Mizuho decreased their price objective on shares of 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. Finally, Barclays dropped their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.64.

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.