Segall Bryant & Hamill LLC Acquires 19,991 Shares of Red Rock Resorts, Inc. $RRR

Segall Bryant & Hamill LLC raised its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 123.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,165 shares of the company’s stock after buying an additional 19,991 shares during the period. Segall Bryant & Hamill LLC’s holdings in Red Rock Resorts were worth $1,930,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RRR. California State Teachers Retirement System grew its position in shares of Red Rock Resorts by 28.0% during the 1st quarter. California State Teachers Retirement System now owns 59,735 shares of the company’s stock valued at $3,187,000 after acquiring an additional 13,055 shares during the period. Empowered Funds LLC purchased a new stake in shares of Red Rock Resorts in the 1st quarter worth $269,000. Quantinno Capital Management LP raised its holdings in Red Rock Resorts by 167.7% in the 1st quarter. Quantinno Capital Management LP now owns 35,223 shares of the company’s stock worth $1,880,000 after purchasing an additional 22,065 shares during the period. Renaissance Technologies LLC raised its holdings in Red Rock Resorts by 204.7% in the 1st quarter. Renaissance Technologies LLC now owns 300,400 shares of the company’s stock worth $16,029,000 after purchasing an additional 201,800 shares during the period. Finally, Inceptionr LLC raised its holdings in Red Rock Resorts by 3.9% in the 1st quarter. Inceptionr LLC now owns 13,283 shares of the company’s stock worth $709,000 after purchasing an additional 499 shares during the period. 47.84% of the stock is currently owned by institutional investors.

Red Rock Resorts Stock Down 2.0%

RRR opened at $64.27 on Wednesday. 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 fifty-two week low of $50.52 and a fifty-two week high of $68.99. The firm’s fifty day moving average is $62.69 and its 200 day moving average is $59.84. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 4.82 and a beta of 1.36.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.16. Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.The business had revenue of $510.26 million during the quarter, compared to analyst estimates of $500.08 million. During the same quarter in the prior year, the business posted $0.95 EPS. Red Rock Resorts’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Red Rock Resorts, Inc. will post 1.52 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

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

Analyst Upgrades and Downgrades

RRR has been the subject of several recent research reports. Zacks Research lowered Red Rock Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Wells Fargo & Company raised Red Rock Resorts from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $55.00 to $75.00 in a research note on Tuesday, July 14th. Susquehanna decreased their price objective on Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Red Rock Resorts in a research report on Thursday, July 2nd. Finally, UBS Group set a $75.00 price objective on Red Rock Resorts in a research note on Thursday, July 2nd. Fourteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.24.

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.