Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,071 shares of the company’s stock after buying an additional 31,795 shares during the period. Natixis Advisors LLC owned approximately 0.24% of Red Rock Resorts worth $11,610,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Red Rock Resorts by 184.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,509 shares of the company’s stock valued at $578,000 after purchasing an additional 8,107 shares in the last quarter. Swiss National Bank boosted its position in Red Rock Resorts by 1.4% in the 4th quarter. Swiss National Bank now owns 99,700 shares of the company’s stock valued at $4,610,000 after buying an additional 1,400 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of Red Rock Resorts by 9.5% during the fourth quarter. King Luther Capital Management Corp now owns 70,132 shares of the company’s stock valued at $3,243,000 after acquiring an additional 6,089 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Red Rock Resorts during the fourth quarter worth about $2,054,000. Finally, Edgestream Partners L.P. lifted its stake in shares of Red Rock Resorts by 188.6% in the fourth quarter. Edgestream Partners L.P. now owns 63,944 shares of the company’s stock worth $2,957,000 after acquiring an additional 41,790 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

Analyst Ratings Changes

RRR has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective 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. Susquehanna boosted their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research report on Wednesday, February 12th. 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. JMP Securities lowered their price objective 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. Finally, Stifel Nicolaus increased their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $57.33.

Red Rock Resorts Stock Performance

Shares of RRR opened at $45.33 on Thursday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts, Inc. has a 1 year low of $42.33 and a 1 year high of $63.29. The firm has a fifty day moving average of $48.08 and a 200-day moving average of $50.17. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.25 per share. 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 2.21%. Red Rock Resorts’s dividend payout ratio is presently 39.84%.

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.