New York State Common Retirement Fund Sells 18,339 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

New York State Common Retirement Fund lessened its position in Red Rock Resorts, Inc. (NASDAQ:RRR) by 54.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,402 shares of the company’s stock after selling 18,339 shares during the period. New York State Common Retirement Fund’s holdings in Red Rock Resorts were worth $712,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY raised its holdings in Red Rock Resorts by 1.0% in the 3rd 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 during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Red Rock Resorts by 20.6% in the 4th 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Red Rock Resorts by 1.2% in the third 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 last quarter. Westfield Capital Management Co. LP lifted 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 valued at $61,763,000 after purchasing an additional 38,443 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Red Rock Resorts by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company’s stock valued at $31,418,000 after buying an additional 4,810 shares during the last quarter. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RRR. Stifel Nicolaus boosted their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Susquehanna boosted 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. Barclays dropped 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. 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. Finally, Truist Financial lowered their price target on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $57.33.

Red Rock Resorts Price Performance

NASDAQ RRR opened at $49.06 on Tuesday. The business’s fifty day moving average is $48.15 and its 200 day moving average is $51.04. Red Rock Resorts, Inc. has a fifty-two week low of $42.46 and a fifty-two week high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The company has a market capitalization of $5.18 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 4.32 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Sell-side analysts predict that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.04%. Red Rock Resorts’s payout ratio is currently 39.84%.

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.