Versor Investments LP Buys New Position in Red Rock Resorts, Inc. $RRR

Versor Investments LP purchased a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,770 shares of the company’s stock, valued at approximately $780,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Red Rock Resorts by 230.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company’s stock worth $29,000 after buying an additional 385 shares during the period. Strs Ohio bought a new stake in Red Rock Resorts during the third quarter valued at $37,000. Ameritas Advisory Services LLC acquired a new stake in Red Rock Resorts during the 2nd quarter worth about $42,000. Atlantic Union Bankshares Corp bought a new position in shares of Red Rock Resorts in the 2nd quarter worth about $62,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Red Rock Resorts in the 2nd quarter worth about $94,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

More Red Rock Resorts News

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Q4 results beat Street estimates: GAAP EPS of $0.75 vs. consensus ~$0.41 and consolidated net revenues of $511.8M (up 3.2% YoY), signaling core operations performed better than forecast. PR Newswire Release
• Positive Sentiment: Beat was driven by stronger casino revenue, which management highlighted as the main driver of outperformance. Investors often reward beat-and-raise stories in gaming. Investing.com Article
• Positive Sentiment: Brokerage sentiment remains constructive: the stock has an average analyst recommendation of “Moderate Buy,” supporting upside momentum as markets digest the beat. Analyst Coverage Note
• Neutral Sentiment: Management made materials available (press release, slide deck, conference call) for details on results and outlook — useful for assessing sustainability of the beat. Earnings Materials
• Neutral Sentiment: Top-line momentum was modest: revenue +3.2% YoY — positive but not a dramatic acceleration; investors will watch 2026 commentary for growth drivers. Yahoo Finance
• Negative Sentiment: EPS was slightly lower than the year-ago quarter ($0.75 vs. $0.76), which may raise questions about margin pressure or one-time items despite the beat versus consensus. Zacks Earnings Note
• Negative Sentiment: Balance-sheet and liquidity metrics show elevated leverage (debt-to-equity ~10.1) and sub-1 current/quick ratios — investors should watch cash flow and capex guidance for signs of financial flexibility risk. (See earnings materials above.)

Wall Street Analyst Weigh In

Several brokerages recently commented on RRR. Jefferies Financial Group restated a “buy” rating on shares of Red Rock Resorts in a research report on Wednesday, December 24th. Barclays raised their price objective on shares of Red Rock Resorts from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Stifel Nicolaus set a $68.00 price objective on Red Rock Resorts and gave the stock a “buy” rating in a report on Monday, November 3rd. Mizuho set a $68.00 target price on shares of Red Rock Resorts in a report on Monday, February 2nd. Finally, Morgan Stanley set a $60.00 price target on shares of Red Rock Resorts in a research report on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Red Rock Resorts Stock Up 2.0%

RRR opened at $66.79 on Wednesday. Red Rock Resorts, Inc. has a 12 month low of $35.09 and a 12 month high of $66.99. The company has a market cap of $7.07 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.49. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 10.11. The company has a 50 day moving average of $61.92 and a 200 day moving average of $60.01.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 10th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.34. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.The firm had revenue of $511.78 million for the quarter, compared to the consensus estimate of $500.90 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.26 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.04 annualized dividend and a yield of 1.6%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 33.12%.

Red Rock Resorts declared that its board has approved a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.