Ibex Wealth Advisors purchased new shares in Red Rock Resorts, Inc. (NASDAQ:RRR – Get Rating) in the fourth quarter, according to the latest filings with the US Securities and Exchange Commission. The company purchased 14,741 shares of the company stock worth approximately $590,000.
Many other institutional investors have also changed positions in RRR. Global Wealth Strategies & Associates acquired a new stake in Red Rock Resorts worth approximately $25,000 in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Red Rock Resorts worth approximately $30,000 in the first quarter. Quantbot Technologies LP won a new position at Red Rock Resorts in the second quarter worth approximately $92,000. Counterpoint Mutual Funds LLC acquired a new position worth approximately $99,000 in Red Rock Resorts in the fourth quarter. Finally, Great West Life Assurance Co. Can won a new position at Red Rock Resorts in the third quarter worth approximately $104,000. Currently 52.45% of the shares are owned by institutional investors and hedge funds.
Wall Street analyst opinion
Several analysts have been paying attention to RRR stocks recently. JMP Securities reiterated its “market outperformer” rating in its research report on Monday, April 17, and set a price target for Red Rock Resorts at $51.00 on him. Truist Financial raised its price target for Red Rock Resorts from $45.00 to $49.00 in a research report on Wednesday, February 8th. Wells Fargo & Company raised its price target on Red Rock Resorts stock from $48.00 to $54.00 and gave the company an “overweight” rating in its research report on Wednesday, February 8. TheStreet upgraded its shares in Red Rock Resorts from a ‘c’ rating to a ‘b-‘ rating in its research notes on Tuesday, February 28. Finally, JPMorgan Chase & Co. raised its price target for Red Rock Resorts to $55.00 from his $50.00 in a research note on Wednesday, Feb. 8, giving the company an “overweight” rating. Four research analysts rated the stock with a hold rating and eight issued buy ratings on the company’s stock. According to MarketBeat, Red Rock Resorts’ current consensus rating is a “moderate buy” with a consensus price target of $48.58.
Red Rock Resort 0.2% increase
NASDAQ RRR opened Wednesday at $46.70. Red Rock Resorts, Inc. has a year low of $30.98 and a year high of $48.66. The company has a 50-day moving average price of $44.16 and a 200-day moving average price of $43.11. The company has an equity ratio of 91.76, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $4.86 billion, a price/earnings ratio of 13.94, a PEG ratio of 9.25 and a beta of 2.17.
Red Rock Resorts (NASDAQ:RRR – Get Rating) last published its quarterly earnings data on Tuesday, February 7. The company reported his earnings per share (EPS) of $1.00 for the quarter, beating consensus expectations of $0.56 by $0.44. Red Rock Resorts had a net profit margin of 12.35% and a return on equity of 798.37%. The company posted revenue of $425.47 million for the quarter, compared to consensus expectations of $422.36 million. On average, sell-side analysts expect Red Rock Resorts, Inc. to post 1.87 EPS this year.
Red Rock Resort Dividend Announcement
The company recently announced its quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15 were paid a dividend of $0.25 per share. This represents his $1.00 dividend and his 2.14% yield on an annualized basis. The ex-dividend date was Tuesday, March 14. Red Rock Resorts’ dividend payout ratio (DPR) currently stands at 29.85%.
Red Rock Resort Company Profile
Red Rock Resorts, Inc is a holding company engaged in the management and development of gaming and entertainment facilities. The company operates through the following segments: Las Vegas Operations and Native American Management. Its facilities include restaurants, entertainment venues, movie theaters, bowling, meeting or banquet spaces, video poker, slot machines, table games, bingo, racing, and traditional casino games such as sports betting.
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