12,000 Shares in Red Rock Resorts, Inc. $RRR Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the company’s stock, valued at approximately $743,000.

A number of other large investors also recently modified their holdings of RRR. AQR Capital Management LLC acquired a new position in shares of Red Rock Resorts during the first quarter worth approximately $308,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Red Rock Resorts by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,272 shares of the company’s stock worth $1,270,000 after buying an additional 1,282 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Red Rock Resorts by 56.2% during the first quarter. Millennium Management LLC now owns 430,150 shares of the company’s stock worth $18,656,000 after buying an additional 154,839 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Red Rock Resorts by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company’s stock worth $4,609,000 after buying an additional 4,699 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Red Rock Resorts by 9.1% during the second quarter. American Century Companies Inc. now owns 25,884 shares of the company’s stock worth $1,347,000 after buying an additional 2,166 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Red Rock Resorts Stock Performance

Shares of NASDAQ:RRR opened at $53.96 on Friday. The business’s fifty day moving average price is $57.42 and its two-hundred day moving average price is $59.23. Red Rock Resorts, Inc. has a fifty-two week low of $41.90 and a fifty-two week high of $68.99. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.48. The company has a debt-to-equity ratio of 10.26, a current ratio of 0.79 and a quick ratio of 0.74.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). Red Rock Resorts had a net margin of 9.21% and a return on equity of 58.18%. The company had revenue of $507.32 million during the quarter, compared to the consensus estimate of $505.63 million. During the same quarter last year, the company earned $0.75 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Red Rock Resorts, Inc. will post 2.12 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Red Rock Resorts’s payout ratio is currently 33.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RRR. Benchmark cut their price target on Red Rock Resorts from $67.00 to $63.00 and set a “buy” rating for the company in a report on Thursday. Susquehanna cut their price target on Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating for the company in a report on Thursday. Citigroup reiterated an “outperform” rating on shares of Red Rock Resorts in a report on Thursday. Morgan Stanley boosted their price objective on Red Rock Resorts from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $72.00 price objective on shares of Red Rock Resorts in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.87.

Key Red Rock Resorts News

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

• Positive Sentiment: Q1 results beat on the bottom line: RRR reported $0.73 EPS vs. consensus ~$0.56 and revenue of $507.3M (up 1.9% YoY), showing operating resilience even with modest revenue growth. Strong margins/ROE were highlighted by the company. PR Newswire: Q1 Results
• Positive Sentiment: Management reiterated business activity in the quarter (conference call and slide deck available); some commentary flagged record or near‑record revenue mix and construction activity that could support medium‑term growth. Yahoo: Earnings Highlights
• Positive Sentiment: Dividend maintained: the company declared a quarterly dividend of $0.26 (annualized yield ~1.9%), which supports income investors. (Record/ex‑dividend dates scheduled for June.)
• Neutral Sentiment: Revenue was essentially in line with estimates (miss by a small amount vs. some street models), so the beat was driven by expense/margin performance rather than top‑line surprise. Market coverage and call transcripts are available for deeper color. Seeking Alpha: Call Transcript
• Negative Sentiment: Multiple analysts trimmed price targets the same day as the print—JPMorgan lowered to $66 (still Overweight), Citizens Jmp to $67 (Market Outperform), Benchmark to $63 (Buy), Truist to $68 (Buy) and Wells Fargo cut to $55 and set an Equal‑Weight. Those downgrades/revisions reduce visible upside and likely pressured the stock despite largely positive ratings remaining. Benzinga: Analyst PT Changes
• Negative Sentiment: Heightened volume on the move: trading was well above normal, indicating active repositioning by investors after the quarter and the analyst repricing (sell pressure can amplify a modest negative headline). Market technicals (50/200‑day averages) also show the stock below recent moving averages, which can add to short‑term downside momentum.

About Red Rock Resorts

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.