20,901 Shares in Red Rock Resorts, Inc. $RRR Purchased by Dockside LLC

Dockside LLC purchased a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,901 shares of the company’s stock, valued at approximately $1,295,000.

Other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in Red Rock Resorts during the fourth quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in Red Rock Resorts during the fourth quarter worth about $27,000. GAMMA Investing LLC raised its holdings in Red Rock Resorts by 53.8% during the fourth quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock worth $47,000 after purchasing an additional 263 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Red Rock Resorts by 98.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,474 shares of the company’s stock worth $91,000 after purchasing an additional 733 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Red Rock Resorts during the second quarter worth about $94,000. 47.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RRR has been the subject of several analyst reports. Wall Street Zen cut shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Benchmark cut their price target on shares of Red Rock Resorts from $67.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Susquehanna cut their price target on shares of Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus set a $70.00 price target on shares of Red Rock Resorts in a report on Friday, May 29th. Finally, Citizens Jmp cut their price target on shares of Red Rock Resorts from $71.00 to $67.00 and set a “market outperform” rating for the company in a report on Thursday, April 30th. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Red Rock Resorts has an average rating of “Moderate Buy” and an average target price of $67.53.

Red Rock Resorts Stock Performance

Shares of RRR opened at $63.11 on Monday. The company has a debt-to-equity ratio of 14.42, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $55.80 and a 200-day simple moving average of $59.03. Red Rock Resorts, Inc. has a 1-year low of $47.56 and a 1-year high of $68.99. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 4.78 and a beta of 1.36.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.The business had revenue of $507.32 million for the quarter, compared to analysts’ expectations of $505.63 million. During the same period last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Red Rock Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.6%. Red Rock Resorts’s dividend payout ratio (DPR) is 33.44%.

Red Rock Resorts Profile

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.