Hantz Financial Services Inc. Grows Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

Hantz Financial Services Inc. raised its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,884 shares of the company’s stock after acquiring an additional 9,002 shares during the period. Hantz Financial Services Inc.’s holdings in Red Rock Resorts were worth $12,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. Quarry LP increased its position in shares of Red Rock Resorts by 479.4% during the 3rd 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 last quarter. US Bancorp DE boosted its stake in Red Rock Resorts by 2,223.9% during the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after buying an additional 1,490 shares during the period. KBC Group NV increased its position in Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after acquiring an additional 540 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Red Rock Resorts in the second quarter valued at $98,000. Finally, nVerses Capital LLC lifted its holdings in shares of Red Rock Resorts by 28.6% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $196,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 47.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on RRR. JMP Securities cut their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Truist Financial decreased their price target on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Barclays cut their price objective on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Wells Fargo & Company decreased their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Red Rock Resorts currently has a consensus rating of “Hold” and a consensus price target of $58.08.

Red Rock Resorts Stock Up 1.4 %

Shares of Red Rock Resorts stock opened at $48.34 on Wednesday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 5.14 and a beta of 2.01. The firm’s 50-day moving average is $47.51 and its two-hundred day moving average is $52.04. Red Rock Resorts, Inc. has a 1 year low of $42.46 and a 1 year high of $63.28.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The business had revenue of $468.02 million for the quarter, compared to analysts’ expectations of $460.73 million. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. During the same quarter last year, the firm earned $0.60 EPS. As a group, research analysts expect that Red Rock Resorts, Inc. will post 1.44 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. Red Rock Resorts’s dividend payout ratio is presently 37.04%.

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.