Red Rock Resorts, Inc. (NASDAQ:RRR) was the recipient of some unusual options trading activity on Friday. Stock traders bought 1,056 call options on the company. This represents an increase of Infinity compared to the average volume of 0 call options.

Large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC acquired a new position in shares of Red Rock Resorts in the first quarter valued at approximately $1,063,000. Vanguard Group Inc. boosted its holdings in shares of Red Rock Resorts by 27.7% in the first quarter. Vanguard Group Inc. now owns 4,165,673 shares of the company’s stock valued at $92,395,000 after buying an additional 904,273 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Red Rock Resorts by 25.9% in the first quarter. Geode Capital Management LLC now owns 287,098 shares of the company’s stock valued at $6,367,000 after buying an additional 59,002 shares during the period. UBS Group AG boosted its holdings in shares of Red Rock Resorts by 340.6% in the first quarter. UBS Group AG now owns 8,698 shares of the company’s stock valued at $193,000 after buying an additional 6,724 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Red Rock Resorts in the first quarter valued at approximately $3,367,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on RRR shares. SunTrust Banks, Inc. started coverage on shares of Red Rock Resorts in a research note on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price for the company. BidaskClub downgraded shares of Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th. Zacks Investment Research raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of Red Rock Resorts in a research note on Tuesday, October 10th. Finally, ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.06.

Shares of Red Rock Resorts (NASDAQ:RRR) opened at $28.12 on Monday. Red Rock Resorts has a 12 month low of $20.87 and a 12 month high of $28.13. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41. The company has a market cap of $3,265.91, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 16.47 and a beta of 0.80.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 14th. Red Rock Resorts’s payout ratio is presently 90.91%.

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About Red Rock Resorts

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

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