Frank J. Fertitta III Buys 10,170 Shares of Red Rock Resorts Inc (NASDAQ:RRR) Stock

Red Rock Resorts Inc (NASDAQ:RRR) Director Frank J. Fertitta III bought 10,170 shares of Red Rock Resorts stock in a transaction dated Monday, October 7th. The shares were acquired at an average cost of $19.50 per share, for a total transaction of $198,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of RRR stock opened at $20.82 on Friday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 15.89 and a beta of 2.07. The business’s fifty day moving average is $20.77 and its 200 day moving average is $22.56. Red Rock Resorts Inc has a twelve month low of $16.76 and a twelve month high of $29.80. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 3.62.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $482.90 million during the quarter, compared to analysts’ expectations of $441.48 million. Red Rock Resorts had a return on equity of 8.09% and a net margin of 1.75%. Red Rock Resorts’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. Equities research analysts expect that Red Rock Resorts Inc will post 0.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.40 annualized dividend and a yield of 1.92%. Red Rock Resorts’s payout ratio is 30.53%.

A number of hedge funds have recently modified their holdings of RRR. Geode Capital Management LLC grew its stake in Red Rock Resorts by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 758,541 shares of the company’s stock worth $15,405,000 after purchasing an additional 53,258 shares during the period. NumerixS Investment Technologies Inc grew its stake in Red Rock Resorts by 151.3% in the first quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock worth $252,000 after purchasing an additional 5,900 shares during the period. Marshall Wace LLP grew its stake in Red Rock Resorts by 124.1% in the first quarter. Marshall Wace LLP now owns 875,518 shares of the company’s stock worth $22,632,000 after purchasing an additional 484,847 shares during the period. Marshall Wace North America L.P. grew its stake in Red Rock Resorts by 1,314.6% in the first quarter. Marshall Wace North America L.P. now owns 142,109 shares of the company’s stock worth $3,674,000 after purchasing an additional 132,063 shares during the period. Finally, First Trust Advisors LP purchased a new stake in Red Rock Resorts in the first quarter worth $486,000. 63.33% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on the company. TheStreet cut Red Rock Resorts from a “b-” rating to a “c+” rating in a research note on Thursday, July 11th. Stifel Nicolaus set a $22.00 target price on Red Rock Resorts and gave the company a “hold” rating in a research note on Wednesday, August 7th. BidaskClub cut Red Rock Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Nomura reduced their target price on Red Rock Resorts from $36.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, ValuEngine raised Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.86.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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Insider Buying and Selling by Quarter for Red Rock Resorts (NASDAQ:RRR)

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