Red Rock Resorts Inc (NASDAQ:RRR) insider Joseph J. Hasson sold 12,891 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

RRR traded down $0.26 during trading on Wednesday, hitting $22.83. 1,231,299 shares of the company traded hands, compared to its average volume of 543,076. The firm has a market cap of $2.62 billion, a P/E ratio of 17.43 and a beta of 2.11. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.82 and a current ratio of 0.86. Red Rock Resorts Inc has a one year low of $18.78 and a one year high of $36.99.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given 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 yield of 1.75%. Red Rock Resorts’s dividend payout ratio is presently 30.53%.

A number of large investors have recently modified their holdings of RRR. Schonfeld Strategic Advisors LLC boosted its position in shares of Red Rock Resorts by 9.6% in the first quarter. Schonfeld Strategic Advisors LLC now owns 111,100 shares of the company’s stock valued at $2,872,000 after acquiring an additional 9,765 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Red Rock Resorts by 2.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 19,119 shares of the company’s stock valued at $494,000 after acquiring an additional 493 shares during the period. Man Group plc bought a new position in shares of Red Rock Resorts in the first quarter valued at approximately $245,000. Goldman Sachs Group Inc. boosted its position in shares of Red Rock Resorts by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 233,220 shares of the company’s stock valued at $6,029,000 after acquiring an additional 2,251 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Red Rock Resorts by 124.1% in the first quarter. Marshall Wace LLP now owns 875,518 shares of the company’s stock valued at $22,632,000 after acquiring an additional 484,847 shares during the period. Hedge funds and other institutional investors own 63.90% of the company’s stock.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Red Rock Resorts from a “sell” rating to a “strong sell” rating in a report on Friday, May 17th. Zacks Investment Research lowered shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 14th. Macquarie upgraded shares of Red Rock Resorts from a “neutral” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Tuesday. Deutsche Bank restated a “buy” rating and set a $30.00 price target on shares of Red Rock Resorts in a research report on Wednesday, February 13th. Finally, TheStreet upgraded shares of Red Rock Resorts from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Red Rock Resorts presently has an average rating of “Hold” and an average price target of $30.50.

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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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