Headlands Technologies LLC Buys 11,093 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Headlands Technologies LLC increased its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 200.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,635 shares of the company’s stock after purchasing an additional 11,093 shares during the quarter. Headlands Technologies LLC’s holdings in Red Rock Resorts were worth $769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RRR. Quarry LP raised its position in Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock worth $61,000 after purchasing an additional 930 shares during the period. KBC Group NV lifted its stake in shares of Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after acquiring an additional 540 shares during the last quarter. Mayfair Advisory Group LLC boosted its holdings in Red Rock Resorts by 15.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after acquiring an additional 591 shares during the period. Cibc World Markets Corp bought a new position in Red Rock Resorts in the 4th quarter valued at $213,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Red Rock Resorts in the third quarter worth $233,000. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Price Performance

RRR opened at $43.07 on Thursday. The firm has a market capitalization of $4.57 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The business’s 50-day moving average is $47.71 and its two-hundred day moving average is $49.36. Red Rock Resorts, Inc. has a 1 year low of $40.95 and a 1 year high of $63.29.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. Red Rock Resorts’s dividend payout ratio is presently 39.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RRR. Jefferies Financial Group restated a “hold” rating and issued a $51.00 price target (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. 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 increased their price objective on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Mizuho lifted their target price on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Susquehanna increased their price target on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.