KBC Group NV Has $92,000 Stake in Red Rock Resorts, Inc. (NASDAQ:RRR)

KBC Group NV grew its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,996 shares of the company’s stock after acquiring an additional 540 shares during the quarter. KBC Group NV’s holdings in Red Rock Resorts were worth $92,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RRR. Bamco Inc. NY grew its holdings in shares of Red Rock Resorts by 1.0% during the third quarter. Bamco Inc. NY now owns 10,623,284 shares of the company’s stock worth $578,332,000 after purchasing an additional 106,509 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Red Rock Resorts by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock worth $63,776,000 after purchasing an additional 14,029 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Red Rock Resorts by 3.5% during the third 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. Charles Schwab Investment Management Inc. grew its holdings in shares of Red Rock Resorts by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company’s stock worth $31,418,000 after purchasing an additional 4,810 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Red Rock Resorts by 4,050.3% during the third quarter. Sequoia Financial Advisors LLC now owns 333,769 shares of the company’s stock worth $18,170,000 after purchasing an additional 325,727 shares during the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Stock Up 0.8 %

Shares of NASDAQ:RRR opened at $49.25 on Monday. The company has a market capitalization of $5.20 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 5.28 and a beta of 2.02. 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 has a fifty day moving average price of $47.31 and a two-hundred day moving average price of $51.44. Red Rock Resorts, Inc. has a 1 year low of $42.46 and a 1 year high of $63.28.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. The company had revenue of $468.02 million during the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the prior year, the company earned $0.60 EPS. Analysts forecast that Red Rock Resorts, Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho cut Red Rock Resorts from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $57.00 to $44.00 in a report on Monday, November 25th. Truist Financial reduced their target price on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. 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. Finally, JMP Securities dropped their price target on 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.25.

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.