Keene & Associates Inc. Acquires Shares of 11,847 Red Rock Resorts, Inc. (NASDAQ:RRR)

Keene & Associates Inc. acquired a new stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 4th quarter, Holdings Channel.com reports. The fund acquired 11,847 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its holdings 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 lifted its holdings in shares of Red Rock Resorts by 2,223.9% in the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after acquiring an additional 1,490 shares during the last quarter. KBC Group NV lifted its holdings in shares of Red Rock Resorts by 37.1% in the 4th 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. Mayfair Advisory Group LLC raised its position in Red Rock Resorts by 15.1% in the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock worth $208,000 after purchasing an additional 591 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Red Rock Resorts in the 3rd quarter worth about $233,000. Institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Price Performance

NASDAQ RRR opened at $52.91 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’s 50 day moving average price is $47.57 and its 200-day moving average price is $51.23. Red Rock Resorts, Inc. has a 52-week low of $42.46 and a 52-week high of $63.28. The company has a market cap of $5.59 billion, a PE ratio of 21.08, a P/E/G ratio of 5.76 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data 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%. Sell-side analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. Red Rock Resorts’s dividend payout ratio is presently 39.84%.

Analysts Set New Price Targets

A number of analysts recently weighed in on RRR shares. Stifel Nicolaus increased their price objective on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Macquarie reduced their price objective on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. JMP Securities reduced their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Truist Financial reduced their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Finally, Mizuho raised their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.33.

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.