Red Rock Resorts Inc (NASDAQ:RRR) insider Joseph J. Hasson sold 12,891 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $23.24, for a total transaction of $299,586.84. Following the transaction, the insider now directly owns 12,891 shares in the company, valued at $299,586.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:RRR traded down $0.22 during mid-day trading on Thursday, reaching $22.61. The stock had a trading volume of 22,693 shares, compared to its average volume of 534,310. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.24 and a beta of 2.11. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.86 and a quick ratio of 0.82. Red Rock Resorts Inc has a 12 month low of $18.78 and a 12 month high of $36.99.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.16). The firm had revenue of $447.00 million during the quarter, compared to the consensus estimate of $445.50 million. Red Rock Resorts had a net margin of 6.89% and a return on equity of 10.08%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. As a group, analysts anticipate that Red Rock Resorts Inc will post 1.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Red Rock Resorts’s payout ratio is presently 30.53%.

A number of research analysts recently issued reports on RRR shares. BidaskClub raised shares of Red Rock Resorts from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. Nomura lifted their price objective on shares of Red Rock Resorts to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price objective (down from $28.00) on shares of Red Rock Resorts in a research note on Wednesday, May 1st. Zacks Investment Research raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, TheStreet raised shares of Red Rock Resorts from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.50.

Several hedge funds and other institutional investors have recently bought and sold shares of RRR. Thrivent Financial for Lutherans bought a new stake in shares of Red Rock Resorts during the fourth quarter worth $27,092,000. Norges Bank bought a new stake in shares of Red Rock Resorts during the fourth quarter worth $14,052,000. Diamond Hill Capital Management Inc. grew its stake in shares of Red Rock Resorts by 10.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,572,518 shares of the company’s stock worth $133,488,000 after buying an additional 629,672 shares during the last quarter. FMR LLC grew its stake in shares of Red Rock Resorts by 28.1% during the fourth quarter. FMR LLC now owns 2,613,546 shares of the company’s stock worth $53,081,000 after buying an additional 573,066 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Red Rock Resorts by 9.3% during the third quarter. Vanguard Group Inc. now owns 6,469,688 shares of the company’s stock worth $172,417,000 after buying an additional 552,550 shares during the last quarter. 63.91% of the stock is currently owned by hedge funds and other institutional investors.

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Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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