Auxano Advisors LLC Decreases Stock Position in Red Rock Resorts, Inc. (NASDAQ:RRR)

Auxano Advisors LLC lessened its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,329 shares of the company’s stock after selling 1,016 shares during the period. Auxano Advisors LLC’s holdings in Red Rock Resorts were worth $1,079,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RRR. Vaughan Nelson Investment Management L.P. lifted its position in Red Rock Resorts by 20.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after purchasing an additional 229,843 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Red Rock Resorts by 239.0% in the third quarter. Wellington Management Group LLP now owns 185,018 shares of the company’s stock worth $10,072,000 after buying an additional 130,434 shares during the period. Bamco Inc. NY raised its holdings in Red Rock Resorts by 1.0% during the 3rd quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock valued at $578,332,000 after buying an additional 106,509 shares during the last quarter. Verition Fund Management LLC boosted its position in Red Rock Resorts by 114.1% during the 3rd quarter. Verition Fund Management LLC now owns 164,560 shares of the company’s stock valued at $8,959,000 after buying an additional 87,685 shares during the period. Finally, Cerity Partners LLC boosted its position in Red Rock Resorts by 637.0% during the 3rd quarter. Cerity Partners LLC now owns 74,001 shares of the company’s stock valued at $4,029,000 after buying an additional 63,960 shares during the period. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Red Rock Resorts Stock Performance

Shares of RRR opened at $49.97 on Monday. Red Rock Resorts, Inc. has a 12 month low of $42.46 and a 12 month high of $63.28. The business’s fifty day simple moving average is $48.08 and its two-hundred day simple moving average is $51.09. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 4.32 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Research analysts anticipate that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. Red Rock Resorts’s payout ratio is 39.84%.

Analysts Set New Price Targets

Several analysts recently weighed in on RRR shares. Macquarie cut their price target on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. JMP Securities cut their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Truist Financial decreased their price target on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Finally, Barclays reduced their target price on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.33.

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.