Swiss National Bank Acquires 1,400 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Swiss National Bank lifted its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 99,700 shares of the company’s stock after acquiring an additional 1,400 shares during the quarter. Swiss National Bank’s holdings in Red Rock Resorts were worth $4,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Red Rock Resorts by 227.9% during the third quarter. Barclays PLC now owns 78,932 shares of the company’s stock worth $4,297,000 after acquiring an additional 54,863 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Red Rock Resorts by 3.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock valued at $61,763,000 after purchasing an additional 38,443 shares during the period. JPMorgan Chase & Co. lifted its holdings in Red Rock Resorts by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company’s stock worth $4,856,000 after purchasing an additional 14,148 shares in the last quarter. OFI Invest Asset Management bought a new position in Red Rock Resorts in the 4th quarter worth about $2,054,000. Finally, Geode Capital Management LLC boosted its stake in Red Rock Resorts by 1.2% in 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. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Trading Up 2.0 %

Shares of RRR stock opened at $45.13 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The firm has a market cap of $4.79 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. The business has a 50-day moving average price of $48.15 and a two-hundred day moving average price of $49.85. Red Rock Resorts, Inc. has a 12-month low of $42.33 and a 12-month high of $63.29.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 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%. Equities analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Monday, March 17th. Red Rock Resorts’s payout ratio is presently 39.84%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RRR. JMP Securities decreased their price target on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus increased their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Mizuho raised their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Jefferies Financial Group reaffirmed 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. Finally, Susquehanna lifted their price objective on 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Red Rock Resorts presently has an average rating of “Hold” and a consensus 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.