Crystal Rock Capital Management Has $3.06 Million Stock Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Crystal Rock Capital Management increased its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,100 shares of the company’s stock after buying an additional 11,900 shares during the quarter. Red Rock Resorts comprises about 1.9% of Crystal Rock Capital Management’s portfolio, making the stock its 20th biggest position. Crystal Rock Capital Management’s holdings in Red Rock Resorts were worth $3,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its holdings 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 valued at $4,297,000 after buying an additional 54,863 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Red Rock Resorts in the 3rd quarter worth about $842,000. Westfield Capital Management Co. LP lifted its position in Red Rock Resorts by 3.5% in 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 acquiring an additional 38,443 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Red Rock Resorts by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company’s stock valued at $4,856,000 after purchasing an additional 14,148 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Red Rock Resorts by 1.2% during 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 in the last quarter. Institutional investors own 47.84% of the company’s stock.

Analyst Upgrades and Downgrades

RRR has been the topic of a number of recent research reports. JMP Securities dropped their target price on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Truist Financial dropped their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Susquehanna upped their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research note on Wednesday, February 12th. Macquarie lowered their target price on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Mizuho boosted their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.33.

Red Rock Resorts Stock Down 0.6 %

RRR opened at $50.16 on Thursday. Red Rock Resorts, Inc. has a twelve month low of $42.46 and a twelve month high of $63.28. The company’s 50-day moving average price is $47.91 and its two-hundred day moving average price is $51.17. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 4.32 and a beta of 2.02. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.99%. Red Rock Resorts’s payout ratio is 39.84%.

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.