Fox Run Management L.L.C. Buys New Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

Fox Run Management L.L.C. purchased a new position in Red Rock Resorts, Inc. (NASDAQ:RRR) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 8,809 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Bamco Inc. NY grew its position in Red Rock Resorts by 1.0% in the third quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock worth $578,332,000 after acquiring an additional 106,509 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Red Rock Resorts by 20.6% during 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 purchasing an additional 229,843 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Red Rock Resorts by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 621,151 shares of the company’s stock valued at $28,722,000 after purchasing an additional 44,043 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Red Rock Resorts by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 397,771 shares of the company’s stock valued at $18,393,000 after buying an additional 31,858 shares in the last quarter. Institutional investors own 47.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Susquehanna increased their price target 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. JMP Securities reduced their target price on shares of 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. 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 research note on Wednesday, February 12th. Jefferies Financial Group reiterated a “hold” rating and issued a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Stifel Nicolaus upped their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Red Rock Resorts presently has a consensus rating of “Hold” and a consensus target price of $57.33.

Red Rock Resorts Price Performance

Shares of RRR opened at $44.61 on Thursday. Red Rock Resorts, Inc. has a fifty-two week low of $42.33 and a fifty-two week high of $63.29. The firm’s 50-day simple moving average is $48.10 and its two-hundred day simple moving average is $49.74. The stock has a market cap of $4.73 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. 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 results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping 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%. Analysts anticipate that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts’s dividend payout ratio is presently 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.