Pier Capital LLC cut its stake in Red Rock Resorts Inc (NASDAQ:RRR) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,330 shares of the company’s stock after selling 14,456 shares during the period. Pier Capital LLC owned about 0.15% of Red Rock Resorts worth $4,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cipher Capital LP bought a new position in shares of Red Rock Resorts in the second quarter worth about $1,795,000. California State Teachers Retirement System lifted its stake in Red Rock Resorts by 103.2% in the second quarter. California State Teachers Retirement System now owns 120,408 shares of the company’s stock worth $2,836,000 after acquiring an additional 61,164 shares during the period. JPMorgan Chase & Co. lifted its stake in Red Rock Resorts by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 3,450,279 shares of the company’s stock worth $81,254,000 after acquiring an additional 58,707 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in Red Rock Resorts by 1.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,679,886 shares of the company’s stock worth $108,386,000 after acquiring an additional 86,124 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Red Rock Resorts by 16.0% in the second quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock worth $113,788,000 after acquiring an additional 666,099 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

A number of analysts recently weighed in on RRR shares. Deutsche Bank reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Red Rock Resorts in a research note on Tuesday, November 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $28.00 price objective (up from $27.00) on shares of Red Rock Resorts in a research note on Tuesday, October 10th. 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. Union Gaming Research lowered shares of Red Rock Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $27.00 in a research note on Thursday, November 9th. Finally, Bank of America upped their price objective on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.50.

Shares of Red Rock Resorts Inc (NASDAQ:RRR) opened at $31.57 on Wednesday. The company has a market cap of $3,690.00 and a PE ratio of 22.06. Red Rock Resorts Inc has a 1 year low of $20.87 and a 1 year high of $31.91. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 4.41.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Tuesday, November 14th. Red Rock Resorts’s payout ratio is 38.83%.

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Red Rock Resorts Company Profile

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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Institutional Ownership by Quarter for Red Rock Resorts (NASDAQ:RRR)

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