Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Purchased by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC increased its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 15.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,497 shares of the company’s stock after purchasing an additional 591 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Red Rock Resorts were worth $208,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in RRR. Quarry LP boosted its position in Red Rock Resorts by 479.4% during the third quarter. Quarry LP now owns 1,124 shares of the company’s stock worth $61,000 after acquiring an additional 930 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Red Rock Resorts by 2,223.9% during the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after purchasing an additional 1,490 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Red Rock Resorts in the second quarter valued at approximately $98,000. nVerses Capital LLC increased its holdings in shares of Red Rock Resorts by 28.6% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $196,000 after purchasing an additional 800 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Red Rock Resorts during the third quarter worth approximately $215,000. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Trading Up 2.7 %

NASDAQ RRR opened at $45.09 on Wednesday. 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 firm has a market cap of $4.76 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 6.69 and a beta of 2.01. The firm has a 50 day simple moving average of $48.67 and a 200-day simple moving average of $52.71. Red Rock Resorts, Inc. has a one year low of $42.46 and a one year high of $63.28.

Red Rock Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 37.04%.

Analyst Ratings Changes

Several research firms have recently commented on RRR. Macquarie reduced their price target on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of Red Rock Resorts in a research note on Monday, October 14th. Wells Fargo & Company dropped their price target on shares of Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. 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 report on Friday, January 3rd. Finally, Barclays lowered their price objective on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Red Rock Resorts presently has a consensus rating of “Hold” and a consensus price target of $59.00.

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.