Crystal Rock Capital Management Purchases 11,900 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Crystal Rock Capital Management boosted its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,100 shares of the company’s stock after purchasing an additional 11,900 shares during the period. Red Rock Resorts comprises approximately 1.9% of Crystal Rock Capital Management’s investment portfolio, making the stock its 20th biggest position. Crystal Rock Capital Management owned 0.06% of Red Rock Resorts worth $3,056,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RRR. Bamco Inc. NY grew its holdings in shares of Red Rock Resorts by 1.0% during the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock valued at $578,332,000 after purchasing an additional 106,509 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Red Rock Resorts by 20.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after buying an additional 229,843 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Red Rock Resorts by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock worth $63,776,000 after buying an additional 14,029 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Red Rock Resorts by 3.5% during the third quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after buying an additional 38,443 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Red Rock Resorts by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company’s stock valued at $31,418,000 after acquiring an additional 4,810 shares during the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Stock Performance

Shares of RRR opened at $50.16 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The firm’s fifty day simple moving average is $47.91 and its two-hundred day simple moving average is $51.17. Red Rock Resorts, Inc. has a 12 month low of $42.46 and a 12 month high of $63.28. The stock has a market capitalization of $5.30 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 4.32 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results 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, analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, March 17th. Red Rock Resorts’s dividend payout ratio (DPR) is 39.84%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JMP Securities cut 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 note on Thursday, January 16th. Mizuho lifted their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Barclays reduced 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 reaffirmed a “hold” rating and set a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Finally, Stifel Nicolaus boosted their price objective 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.33.

About Red Rock Resorts

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.