GSA Capital Partners LLP Buys 17,414 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

GSA Capital Partners LLP lifted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 115.8% during the first quarter, Holdings Channel reports. The fund owned 32,446 shares of the company’s stock after acquiring an additional 17,414 shares during the quarter. GSA Capital Partners LLP’s holdings in Red Rock Resorts were worth $1,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RRR. Sterling Capital Management LLC increased its position in Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock worth $41,000 after buying an additional 766 shares during the period. Tower Research Capital LLC TRC increased its position in Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company’s stock worth $95,000 after buying an additional 664 shares during the period. KBC Group NV increased its position in Red Rock Resorts by 44.6% in the 1st quarter. KBC Group NV now owns 2,887 shares of the company’s stock worth $125,000 after buying an additional 891 shares during the period. Mayfair Advisory Group LLC increased its position in Red Rock Resorts by 8.1% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,861 shares of the company’s stock worth $211,000 after buying an additional 364 shares during the period. Finally, Jump Financial LLC bought a new position in Red Rock Resorts in the 4th quarter worth approximately $253,000. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Stock Up 0.5%

NASDAQ:RRR opened at $55.01 on Wednesday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.87 and a current ratio of 0.92. The company has a market cap of $5.83 billion, a PE ratio of 21.32, a PEG ratio of 3.57 and a beta of 1.62. Red Rock Resorts, Inc. has a 52-week low of $35.09 and a 52-week high of $58.74. The stock has a 50-day simple moving average of $51.79 and a 200 day simple moving average of $47.76.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.57. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. On average, sell-side analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. Red Rock Resorts’s dividend payout ratio is 38.76%.

Analysts Set New Price Targets

RRR has been the topic of several recent analyst reports. JPMorgan Chase & Co. started coverage on Red Rock Resorts in a research report on Monday, June 23rd. They issued an “overweight” rating and a $62.00 price target on the stock. Barclays boosted their price objective on Red Rock Resorts from $54.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Citigroup restated an “outperform” rating on shares of Red Rock Resorts in a research report on Friday, July 18th. Truist Financial upgraded Red Rock Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $67.00 in a research report on Wednesday, July 16th. Finally, Mizuho upgraded Red Rock Resorts from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.64.

Red Rock Resorts Company 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.