17,198 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,198 shares of the company’s stock, valued at approximately $795,000.

Several other institutional investors have also added to or reduced their stakes in RRR. Barclays PLC boosted its holdings in shares of Red Rock Resorts by 227.9% during the 3rd quarter. Barclays PLC now owns 78,932 shares of the company’s stock valued at $4,297,000 after buying an additional 54,863 shares in the last quarter. Virtu Financial LLC bought a new stake in Red Rock Resorts during the third quarter worth about $345,000. JPMorgan Chase & Co. grew its holdings in Red Rock Resorts by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company’s stock worth $4,856,000 after purchasing an additional 14,148 shares during the period. Mayfair Advisory Group LLC increased its stake in shares of Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after purchasing an additional 591 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Red Rock Resorts by 11.8% during the fourth quarter. Avior Wealth Management LLC now owns 8,828 shares of the company’s stock valued at $408,000 after purchasing an additional 930 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors.

Red Rock Resorts Stock Performance

Shares of RRR stock opened at $41.83 on Friday. 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 price of $44.41 and a 200-day moving average price of $47.71. Red Rock Resorts, Inc. has a 52 week low of $35.09 and a 52 week high of $61.73. The firm has a market capitalization of $4.44 billion, a PE ratio of 16.67, a P/E/G ratio of 4.32 and a beta of 1.69.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping 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 research analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%. Red Rock Resorts’s dividend payout ratio is currently 39.84%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RRR. Susquehanna cut their price target on Red Rock Resorts from $61.00 to $52.00 and set a “positive” rating on the stock in a research note on Wednesday, April 16th. Barclays cut their target price on Red Rock Resorts from $58.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus lifted their price target on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. JMP Securities cut their price objective on shares of Red Rock Resorts from $59.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 17th. Finally, Morgan Stanley decreased their target price on shares of Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.33.

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.