Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 47.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,788 shares of the company’s stock after acquiring an additional 13,441 shares during the period. Deutsche Bank AG’s holdings in Red Rock Resorts were worth $1,932,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RRR. Barclays PLC boosted its position in shares of Red Rock Resorts by 227.9% in the third quarter. Barclays PLC now owns 78,932 shares of the company’s stock worth $4,297,000 after acquiring an additional 54,863 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Red Rock Resorts by 11.8% during the 4th quarter. Avior Wealth Management LLC now owns 8,828 shares of the company’s stock valued at $408,000 after buying an additional 930 shares during the last quarter. KBC Group NV boosted its stake in shares of Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after buying an additional 540 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Red Rock Resorts by 3.4% in the fourth quarter. Hantz Financial Services Inc. now owns 272,884 shares of the company’s stock worth $12,618,000 after purchasing an additional 9,002 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Red Rock Resorts during the fourth quarter valued at $366,000. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RRR. Barclays dropped their price target on Red Rock Resorts from $58.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their price target on Red Rock Resorts from $54.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, May 2nd. JMP Securities decreased their target price on Red Rock Resorts from $59.00 to $55.00 and set a “market outperform” rating for the company in a research report on Thursday, April 17th. Mizuho cut their target price on shares of Red Rock Resorts from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial cut their target price on Red Rock Resorts from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Red Rock Resorts currently has an average rating of “Hold” and an average target price of $52.64.

Red Rock Resorts Stock Down 0.4%

Red Rock Resorts stock opened at $47.00 on Friday. Red Rock Resorts, Inc. has a twelve month low of $35.09 and a twelve month high of $61.73. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The company has a 50 day moving average of $43.11 and a 200-day moving average of $46.65. The stock has a market capitalization of $4.98 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The company had revenue of $497.86 million during the quarter, compared to analysts’ expectations of $499.12 million. During the same period last year, the business earned $0.68 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $1.00 per share. This represents a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 16th. Red Rock Resorts’s dividend payout ratio (DPR) is currently 38.76%.

Red Rock Resorts Company 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.