Versor Investments LP Makes New Investment in Red Rock Resorts, Inc. $RRR

Versor Investments LP purchased a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 12,770 shares of the company’s stock, valued at approximately $780,000.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in shares of Red Rock Resorts in the first quarter worth $308,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Red Rock Resorts by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,272 shares of the company’s stock worth $1,270,000 after acquiring an additional 1,282 shares during the last quarter. Millennium Management LLC increased its position in shares of Red Rock Resorts by 56.2% in the first quarter. Millennium Management LLC now owns 430,150 shares of the company’s stock worth $18,656,000 after purchasing an additional 154,839 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Red Rock Resorts by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company’s stock worth $4,609,000 after acquiring an additional 4,699 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Red Rock Resorts during the 2nd quarter valued at about $42,000. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Susquehanna increased their target price on shares of Red Rock Resorts from $68.00 to $69.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Wells Fargo & Company began coverage on Red Rock Resorts in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $58.00 price objective on the stock. Mizuho set a $68.00 price objective on Red Rock Resorts in a report on Monday, February 2nd. UBS Group set a $73.00 target price on Red Rock Resorts in a report on Wednesday, December 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Red Rock Resorts in a research note on Wednesday, December 24th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.50.

Red Rock Resorts Trading Up 2.0%

NASDAQ:RRR opened at $66.79 on Wednesday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 21.27, a PEG ratio of 2.79 and a beta of 1.49. The company has a debt-to-equity ratio of 10.11, a current ratio of 0.75 and a quick ratio of 0.70. Red Rock Resorts, Inc. has a one year low of $35.09 and a one year high of $66.99. The company’s 50-day simple moving average is $61.92 and its 200 day simple moving average is $60.01.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results on Tuesday, February 10th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.34. Red Rock Resorts had a net margin of 9.52% and a return on equity of 59.86%. The business had revenue of $511.78 million during the quarter, compared to the consensus estimate of $500.90 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, March 16th. This represents a $1.04 annualized dividend and a dividend yield of 1.6%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 33.12%.

Red Rock Resorts announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 28th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Trending Headlines about Red Rock Resorts

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Q4 results beat Street estimates: GAAP EPS of $0.75 vs. consensus ~$0.41 and consolidated net revenues of $511.8M (up 3.2% YoY), signaling core operations performed better than forecast. PR Newswire Release
• Positive Sentiment: Beat was driven by stronger casino revenue, which management highlighted as the main driver of outperformance. Investors often reward beat-and-raise stories in gaming. Investing.com Article
• Positive Sentiment: Brokerage sentiment remains constructive: the stock has an average analyst recommendation of “Moderate Buy,” supporting upside momentum as markets digest the beat. Analyst Coverage Note
• Neutral Sentiment: Management made materials available (press release, slide deck, conference call) for details on results and outlook — useful for assessing sustainability of the beat. Earnings Materials
• Neutral Sentiment: Top-line momentum was modest: revenue +3.2% YoY — positive but not a dramatic acceleration; investors will watch 2026 commentary for growth drivers. Yahoo Finance
• Negative Sentiment: EPS was slightly lower than the year-ago quarter ($0.75 vs. $0.76), which may raise questions about margin pressure or one-time items despite the beat versus consensus. Zacks Earnings Note
• Negative Sentiment: Balance-sheet and liquidity metrics show elevated leverage (debt-to-equity ~10.1) and sub-1 current/quick ratios — investors should watch cash flow and capex guidance for signs of financial flexibility risk. (See earnings materials above.)

Red Rock Resorts Profile

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.