1 week Ago By Defense World Staff
Norges Bank bought a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 115,737 shares of the company’s stock, valued at approximately $5,352,000.
Norges Bank owned 0.11% of Red Rock Resorts as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently made changes to their positions in RRR.
Vanguard Group Inc. increased its stake in Red Rock Resorts by 1.0% in the 4th quarter.
Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock valued at $239,576,000 after purchasing an additional 50,193 shares in the last quarter. Vaughan Nelson Investment Management L.
P. boosted its stake 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 worth $62,149,000 after purchasing an additional 229,843 shares during the last quarter.
Geode Capital Management LLC lifted its stake in shares of Red Rock Resorts by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock worth $63,776,000 after purchasing an additional 14,029 shares during the period.
Charles Schwab Investment Management Inc. lifted its position in Red Rock Resorts by 7.6% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 621,151 shares of the company’s stock worth $28,722,000 after buying an additional 44,043 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Red Rock Resorts by 8.
7% during the 4th quarter. Bank of New York Mellon Corp now owns 397,771 shares of the company’s stock worth $18,393,000 after acquiring an additional 31,858 shares during the period. 47.
84% of the stock is currently owned by hedge funds and other institutional investors. Red Rock Resorts Stock PerformanceShares of NASDAQ RRR opened at $42.41 on Thursday.
The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 4.
32 and a beta of 1.69. Red Rock Resorts, Inc.
has a one year low of $35.09 and a one year high of $61.73.
The business has a fifty day simple moving average of $46.49 and a 200 day simple moving average of $48.70.
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 – Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.
76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34.
Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%.
Sell-side analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.
Red Rock Resorts Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.25 dividend.
The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.
36%. Red Rock Resorts’s dividend payout ratio is currently 39.84%.
Analysts Set New Price TargetsSeveral research firms recently commented on RRR. Jefferies Financial Group reissued a “hold” rating and set a $51.00 price target (down from $64.
00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Truist Financial decreased their price objective on shares of Red Rock Resorts from $56.00 to $49.
00 and set a “hold” rating for the company in a report on Tuesday, January 14th. JMP Securities reduced their price target 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. Mizuho lifted their target price on Red Rock Resorts from $44.00 to $52.
00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Susquehanna raised their price objective on shares of Red Rock Resorts from $60.00 to $61.
00 and gave the company 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Red Rock Resorts currently has an average rating of “Hold” and a consensus target price of $57.
33.Get Our Latest Analysis on RRRRed Rock Resorts Profile (Free Report)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.
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(NASDAQ:RRR – Free Report)..
