Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 15.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,374 shares of the company’s stock after selling 2,879 shares during the period. BNP Paribas Financial Markets’ holdings in Red Rock Resorts were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Red Rock Resorts in the third quarter worth about $842,000. Westfield Capital Management Co. LP boosted its holdings in shares of Red Rock Resorts by 3.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after purchasing an additional 38,443 shares during the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Red Rock Resorts in the second quarter valued at approximately $5,336,000. Seven Eight Capital LP grew its position in shares of Red Rock Resorts by 477.5% in the second quarter. Seven Eight Capital LP now owns 28,914 shares of the company’s stock valued at $1,588,000 after purchasing an additional 23,907 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Red Rock Resorts in the second quarter valued at approximately $588,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RRR shares. JMP Securities reiterated a “market outperform” rating and set a $65.00 price target on shares of Red Rock Resorts in a report on Monday, October 14th. Mizuho downgraded shares of Red Rock Resorts from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $57.00 to $44.00 in a research note on Monday, November 25th. Wells Fargo & Company dropped their price target on shares of Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Macquarie reduced 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 research report on Friday, November 8th. Finally, Barclays decreased their price objective 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.42.

Red Rock Resorts Price Performance

Red Rock Resorts stock opened at $49.77 on Thursday. The firm has a market capitalization of $5.26 billion, a PE ratio of 18.43, a P/E/G ratio of 6.69 and a beta of 2.01. Red Rock Resorts, Inc. has a 52 week low of $46.19 and a 52 week high of $63.28. The firm’s 50-day simple moving average is $51.72 and its 200 day simple moving average is $53.57. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.01%. Red Rock Resorts’s dividend payout ratio (DPR) is 37.04%.

Red Rock Resorts Company Profile

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.