247,521 Shares in Red Rock Resorts, Inc. $RRR Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 3rd quarter, Holdings Channel.com reports. The firm bought 247,521 shares of the company’s stock, valued at approximately $15,114,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Red Rock Resorts during the 3rd quarter worth $37,000. Canada Pension Plan Investment Board purchased a new stake in shares of Red Rock Resorts in the 2nd quarter worth $94,000. Russell Investments Group Ltd. increased its stake in shares of Red Rock Resorts by 1,385.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,872 shares of the company’s stock worth $97,000 after purchasing an additional 1,746 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Red Rock Resorts in the 3rd quarter worth $136,000. Finally, Osaic Holdings Inc. raised its holdings in Red Rock Resorts by 14.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,996 shares of the company’s stock worth $149,000 after purchasing an additional 387 shares during the period. 47.84% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Price Performance

RRR opened at $55.04 on Friday. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.29 and a beta of 1.48. The company has a debt-to-equity ratio of 10.26, a quick ratio of 0.74 and a current ratio of 0.79. The firm’s fifty day moving average is $60.27 and its 200 day moving average is $59.77. Red Rock Resorts, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.34. The business had revenue of $511.78 million during the quarter, compared to analyst estimates of $500.90 million. Red Rock Resorts had a return on equity of 58.13% and a net margin of 9.35%.Red Rock Resorts’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. On average, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.26 per share. The ex-dividend date was Monday, March 16th. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 33.23%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a $79.00 price target on shares of Red Rock Resorts in a report on Wednesday, February 11th. Barclays raised their price objective on Red Rock Resorts from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Benchmark assumed coverage on Red Rock Resorts in a research report on Monday, March 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Red Rock Resorts from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Red Rock Resorts in a report on Tuesday, March 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Red Rock Resorts has an average rating of “Moderate Buy” and an average target price of $70.86.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.