Red Rock Resorts, Inc. (NASDAQ:RRR) Sees Large Growth in Short Interest (2025)

Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,300,000 shares, an increase of 31.4% from the January 15th total of 1,750,000 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 650,000 shares, the short-interest ratio is presently 3.5 days.

Institutional Trading of Red Rock Resorts

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Institutional investors have recently made changes to their positions in the company. Barclays PLC raised its position in shares of Red Rock Resorts by 227.9% during the 3rd quarter. Barclays PLC now owns 78,932 shares of the company's stock valued at $4,297,000 after buying an additional 54,863 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Red Rock Resorts during the 3rd quarter valued at approximately $842,000. Westfield Capital Management Co. LP raised its position in shares of Red Rock Resorts by 3.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company's stock valued at $61,763,000 after buying an additional 38,443 shares during the period. JPMorgan Chase & Co. raised its position in Red Rock Resorts by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company's stock valued at $4,856,000 after purchasing an additional 14,148 shares during the period. Finally, Geode Capital Management LLC raised its position in Red Rock Resorts by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company's stock valued at $63,776,000 after purchasing an additional 14,029 shares during the period. Hedge funds and other institutional investors own 47.84% of the company's stock.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock traded up $0.69 on Friday, hitting $52.79. 620,794 shares of the company were exchanged, compared to its average volume of 573,413. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 5.28 and a beta of 2.02. The company has a 50-day moving average price of $47.44 and a 200 day moving average price of $51.28. Red Rock Resorts has a 1-year low of $42.46 and a 1-year high of $63.28. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%. As a group, sell-side analysts predict that Red Rock Resorts will post 1.44 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts's payout ratio is presently 37.04%.

Analysts Set New Price Targets

RRR has been the topic of several research analyst reports. Macquarie lowered their price objective on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. JMP Securities lowered their price objective on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. Mizuho lifted their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Barclays lowered their price objective on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $57.33.

Get Our Latest Report on RRR

About Red Rock Resorts

(Get Free Report)

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.

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