Nebula Research & Development LLC Purchases 8,821 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Nebula Research & Development LLC increased its position in Red Rock Resorts, Inc. (NASDAQ:RRR) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,314 shares of the company’s stock after acquiring an additional 8,821 shares during the quarter. Nebula Research & Development LLC’s holdings in Red Rock Resorts were worth $1,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in shares of Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company’s stock worth $41,000 after purchasing an additional 766 shares during the period. KBC Group NV increased its position in Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after buying an additional 540 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Red Rock Resorts by 47.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company’s stock worth $95,000 after buying an additional 664 shares during the last quarter. Mayfair Advisory Group LLC lifted its holdings 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 worth $208,000 after buying an additional 591 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Red Rock Resorts in the fourth quarter valued at approximately $213,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Stock Up 1.8 %

Shares of NASDAQ RRR opened at $42.60 on Friday. The business has a fifty day moving average of $44.20 and a two-hundred day moving average of $47.64. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts, Inc. has a 52-week low of $35.09 and a 52-week high of $61.73. The stock has a market cap of $4.52 billion, a PE ratio of 16.97, a PEG ratio of 4.32 and a beta of 1.69.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.35%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 39.84%.

Analysts Set New Price Targets

Several research firms recently commented on RRR. JMP Securities cut their target price on shares of Red Rock Resorts from $59.00 to $55.00 and set a “market outperform” rating for the company in a research note on Thursday, April 17th. Mizuho increased their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna cut their price target on Red Rock Resorts from $61.00 to $52.00 and set a “positive” rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group reissued a “hold” rating and set a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Morgan Stanley lowered their price objective on Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.33.

About Red Rock Resorts

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.