Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,243 shares of the company’s stock after selling 13,647 shares during the quarter. AlphaQuest LLC’s holdings in Red Rock Resorts were worth $242,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its holdings in Red Rock Resorts by 479.4% in the third quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after purchasing an additional 930 shares during the period. US Bancorp DE lifted its stake in Red Rock Resorts by 2,223.9% in the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after buying an additional 1,490 shares in the last quarter. KBC Group NV boosted its stake in shares of Red Rock Resorts by 37.1% in the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after acquiring an additional 540 shares during the last quarter. Mayfair Advisory Group LLC increased its position in shares of Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock worth $208,000 after purchasing an additional 591 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Red Rock Resorts in the 3rd quarter valued at $233,000. 47.84% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Stock Up 5.5 %

Shares of NASDAQ:RRR opened at $45.04 on Friday. The firm’s 50-day moving average is $48.06 and its two-hundred day moving average is $50.43. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. Red Rock Resorts, Inc. has a 1 year low of $42.33 and a 1 year high of $63.29. The firm has a market capitalization of $4.78 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01.

Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.22%. Red Rock Resorts’s dividend payout ratio (DPR) is 39.84%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial dropped their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. JMP Securities dropped their target price on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Mizuho lifted their price target on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Susquehanna upped their price objective on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.