Hantz Financial Services Inc. Has $14.18 Million Position in Red Rock Resorts, Inc. $RRR

Hantz Financial Services Inc. cut its position in Red Rock Resorts, Inc. (NASDAQ:RRR) by 9.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,886 shares of the company’s stock after selling 23,360 shares during the quarter. Hantz Financial Services Inc. owned about 0.22% of Red Rock Resorts worth $14,179,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Red Rock Resorts during the third quarter worth about $4,961,000. Tudor Investment Corp ET AL acquired a new position in shares of Red Rock Resorts during the 3rd quarter worth approximately $15,114,000. Cookson Peirce & Co. Inc. bought a new position in shares of Red Rock Resorts during the third quarter worth approximately $1,203,000. Capital World Investors raised its position in shares of Red Rock Resorts by 47.1% in the third quarter. Capital World Investors now owns 312,500 shares of the company’s stock valued at $19,081,000 after buying an additional 100,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Red Rock Resorts by 92.9% in the third quarter. JPMorgan Chase & Co. now owns 180,185 shares of the company’s stock valued at $11,002,000 after buying an additional 86,770 shares in the last quarter. Institutional investors own 47.84% of the company’s stock.

Analyst Ratings Changes

RRR has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on Red Rock Resorts from $79.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Susquehanna cut their target price on Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company reduced their target price on Red Rock Resorts from $59.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Zacks Research downgraded Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $72.00 price objective on shares of Red Rock Resorts in a research report on Thursday, April 30th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

Red Rock Resorts Stock Performance

Shares of RRR opened at $55.38 on Monday. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81. Red Rock Resorts, Inc. has a 52-week low of $46.17 and a 52-week high of $68.99. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 3.72 and a beta of 1.35. The business’s fifty day moving average is $55.30 and its 200-day moving average is $58.78.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.17). The business had revenue of $507.32 million for the quarter, compared to the consensus estimate of $505.63 million. Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.Red Rock Resorts’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities analysts anticipate that Red Rock Resorts, Inc. will post 1.71 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, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 33.44%.

About Red Rock Resorts

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.