Fieldview Capital Management LLC Purchases New Position in Red Rock Resorts, Inc. $RRR

Fieldview Capital Management LLC purchased a new stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,899 shares of the company’s stock, valued at approximately $1,542,000.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Red Rock Resorts by 53.8% during the fourth quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after acquiring an additional 263 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Red Rock Resorts by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,383 shares of the company’s stock valued at $643,000 after acquiring an additional 324 shares in the last quarter. California State Teachers Retirement System grew its holdings in Red Rock Resorts by 0.7% in the second quarter. California State Teachers Retirement System now owns 46,720 shares of the company’s stock valued at $2,431,000 after purchasing an additional 343 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Red Rock Resorts by 3.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 10,022 shares of the company’s stock valued at $628,000 after purchasing an additional 378 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Red Rock Resorts by 14.8% in the second quarter. Osaic Holdings Inc. now owns 2,996 shares of the company’s stock valued at $149,000 after purchasing an additional 387 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 NASDAQ:RRR opened at $63.11 on Monday. The company has a debt-to-equity ratio of 14.42, a current ratio of 0.81 and a quick ratio of 0.76. The business’s 50 day moving average price is $55.80 and its 200-day moving average price is $59.03. The firm has a market capitalization of $6.63 billion, a PE ratio of 20.29, a P/E/G ratio of 4.78 and a beta of 1.36. Red Rock Resorts, Inc. has a 1 year low of $47.56 and a 1 year high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). The firm had revenue of $507.32 million during the quarter, compared to analyst estimates of $505.63 million. Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, equities research analysts expect that Red Rock Resorts, Inc. will post 1.53 earnings per share for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.6%. Red Rock Resorts’s payout ratio is currently 33.44%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citizens Jmp dropped their price objective on Red Rock Resorts from $71.00 to $67.00 and set a “market outperform” rating on the stock in a report on Thursday, April 30th. Truist Financial dropped their price objective on Red Rock Resorts from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus set a $70.00 price objective on Red Rock Resorts in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $72.00 price objective on shares of Red Rock Resorts in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Red Rock Resorts from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.53.

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.