Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC trimmed its position in Red Rock Resorts, Inc. (NASDAQ:RRR) by 35.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,845 shares of the company’s stock after selling 4,302 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Red Rock Resorts were worth $363,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Long Pond Capital LP raised its holdings in shares of Red Rock Resorts by 142.5% in the fourth quarter. Long Pond Capital LP now owns 1,474,153 shares of the company’s stock worth $68,165,000 after buying an additional 866,320 shares during the last quarter. Bamco Inc. NY raised its holdings 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 worth $525,111,000 after buying an additional 732,917 shares during the last quarter. Eminence Capital LP raised its holdings in shares of Red Rock Resorts by 36.1% in the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company’s stock worth $95,097,000 after buying an additional 546,047 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Red Rock Resorts by 167.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company’s stock worth $19,534,000 after buying an additional 264,609 shares during the last quarter. Finally, 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. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Red Rock Resorts Stock Down 0.1%

RRR opened at $47.10 on Monday. Red Rock Resorts, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $61.73. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The company has a fifty day moving average of $42.92 and a two-hundred day moving average of $46.77. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 4.32 and a beta of 1.64.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.33. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The company had revenue of $497.86 million during the quarter, compared to analysts’ expectations of $499.12 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $1.00 dividend. The ex-dividend date is Monday, June 16th. This represents a yield of 2.29%. Red Rock Resorts’s payout ratio is 38.76%.

Wall Street Analysts Forecast Growth

RRR has been the subject of a number of research analyst reports. Barclays decreased their price target 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. Mizuho decreased their price target on shares of Red Rock Resorts from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Truist Financial decreased their price target on shares of Red Rock Resorts from $56.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on shares of Red Rock Resorts from $54.00 to $44.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.64.

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.