11,129 Shares in Red Rock Resorts, Inc. $RRR Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new position in Red Rock Resorts, Inc. (NASDAQ:RRR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,129 shares of the company’s stock, valued at approximately $689,000.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Red Rock Resorts by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,564,421 shares of the company’s stock valued at $339,764,000 after buying an additional 349,822 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Red Rock Resorts by 2,248.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company’s stock valued at $82,715,000 after buying an additional 1,296,956 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Red Rock Resorts by 53.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 793,371 shares of the company’s stock valued at $41,279,000 after buying an additional 277,426 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Red Rock Resorts by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 493,420 shares of the company’s stock valued at $30,133,000 after buying an additional 1,589 shares in the last quarter. Finally, UBS Group AG grew its stake in Red Rock Resorts by 205.1% in the 4th quarter. UBS Group AG now owns 476,311 shares of the company’s stock valued at $29,507,000 after buying an additional 320,175 shares in the last quarter. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Analysts Set New Price Targets

RRR has been the subject of a number of recent analyst reports. Mizuho set a $77.00 target price on Red Rock Resorts in a report on Wednesday, February 11th. Citigroup reduced their target price on Red Rock Resorts from $76.00 to $62.00 and set a “buy” rating for the company in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $72.00 target price on shares of Red Rock Resorts in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Red Rock Resorts from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Morgan Stanley set a $59.00 target price on Red Rock Resorts in a report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

Red Rock Resorts Stock Down 1.0%

Shares of NASDAQ:RRR opened at $51.59 on Wednesday. Red Rock Resorts, Inc. has a 52-week low of $44.28 and a 52-week high of $68.99. The firm has a fifty day moving average of $55.58 and a 200 day moving average of $58.78. The firm has a market capitalization of $5.42 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 3.50 and a beta of 1.35. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $507.32 million during the quarter, compared to analysts’ expectations of $505.63 million. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts anticipate that Red Rock Resorts, Inc. will post 1.73 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.04 annualized dividend and a yield of 2.0%. Red Rock Resorts’s dividend payout ratio is currently 33.44%.

Red Rock Resorts Company 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.