Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC raised its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 200.2% during the fourth quarter, HoldingsChannel reports. The firm owned 16,635 shares of the company’s stock after purchasing an additional 11,093 shares during the quarter. Headlands Technologies LLC’s holdings in Red Rock Resorts were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP increased its position in shares of Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after acquiring an additional 930 shares during the period. KBC Group NV lifted its position in Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after acquiring an additional 540 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Red Rock Resorts during the 3rd quarter valued at about $233,000. Mayfair Advisory Group LLC increased its holdings in shares of Red Rock Resorts by 15.1% in the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after purchasing an additional 591 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Red Rock Resorts in the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Stock Performance

NASDAQ RRR opened at $43.07 on Thursday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 4.32 and a beta of 1.69. The stock has a 50-day moving average of $47.71 and a 200 day moving average of $49.36. 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, Inc. has a twelve month low of $40.95 and a twelve month high of $63.29.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results 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 return on equity of 71.00% and a net margin of 7.94%. Sell-side analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 39.84%.

Analysts Set New Price Targets

RRR has been the topic of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. JMP Securities cut their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Susquehanna boosted their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a research report on Wednesday, February 12th. Truist Financial lowered their price target on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Finally, Mizuho boosted their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Red Rock Resorts presently has an average rating of “Hold” and an average price target of $57.33.

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.