Hantz Financial Services Inc. Purchases 9,002 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Hantz Financial Services Inc. increased its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,884 shares of the company’s stock after purchasing an additional 9,002 shares during the quarter. Hantz Financial Services Inc. owned 0.26% of Red Rock Resorts worth $12,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Red Rock Resorts by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 28,668 shares of the company’s stock worth $1,575,000 after buying an additional 1,900 shares during the period. Algert Global LLC bought a new position in Red Rock Resorts during the 2nd quarter valued at approximately $279,000. Creative Planning lifted its stake in Red Rock Resorts by 5.9% in the second quarter. Creative Planning now owns 15,902 shares of the company’s stock worth $873,000 after acquiring an additional 886 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Red Rock Resorts during the 2nd quarter valued at about $4,907,000. Finally, Truist Financial Corp increased its position in shares of Red Rock Resorts by 0.9% during the second quarter. Truist Financial Corp now owns 27,545 shares of the company’s stock valued at $1,513,000 after buying an additional 241 shares during the period. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Trading Up 1.4 %

Shares of NASDAQ:RRR opened at $48.34 on Wednesday. The stock’s 50-day simple moving average is $47.51 and its two-hundred day simple moving average is $52.04. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 5.14 and a beta of 2.01. Red Rock Resorts, Inc. has a 52-week low of $42.46 and a 52-week high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $468.02 million for the quarter, compared to the consensus estimate of $460.73 million. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. During the same quarter last year, the firm posted $0.60 earnings per share. Analysts expect that Red Rock Resorts, Inc. will post 1.44 EPS for the current year.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, December 16th. Red Rock Resorts’s payout ratio is 37.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RRR shares. Mizuho cut Red Rock Resorts from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $57.00 to $44.00 in a research note on Monday, November 25th. Barclays dropped their target price on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group reiterated a “hold” rating and set a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. JMP Securities reduced their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.08.

Red Rock Resorts 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.