<div id="readability-page-1"><p>Norges Bank acquired a new position in shares of  Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The institutional investor  acquired 41,388 shares of the company's stock, valued at approximately $2,153,000.</p><div><p><span></span><span>Get <strong>Red Rock Resorts</strong> alerts:</span></p></div><ul><li>Dallas Mavericks purchase turns LVS stock into a cheaper bet</li></ul><p>Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in  Red Rock Resorts by 230.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company's stock worth $29,000 after purchasing an additional 385 shares in the last quarter.  Ameritas Advisory Services LLC purchased a new position in shares of  Red Rock Resorts in the 2nd quarter valued at about $42,000.  US Bancorp DE grew its position in shares of  Red Rock Resorts by 1,664.4% during the first quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after buying an additional 982 shares in the last quarter.  Atlantic Union Bankshares Corp acquired a new position in shares of  Red Rock Resorts during the second quarter worth about $62,000.  Finally, Russell Investments Group Ltd. increased its stake in shares of  Red Rock Resorts by 1,385.7% during the second quarter. Russell Investments Group Ltd. now owns 1,872 shares of the company's stock worth $97,000 after buying an additional 1,746 shares during the period. 47.84% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of research analysts recently issued reports on RRR shares. Citigroup assumed coverage on shares of Red Rock Resorts in a research note on Thursday, November 20th. They issued a &#34;buy&#34; rating and a $63.00 price target for the company. Zacks Research cut shares of Red Rock Resorts from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, October 10th. Stifel Nicolaus  set a $68.00 target price on Red Rock Resorts and gave the company a &#34;buy&#34; rating in a report on Monday, November 3rd. Truist Financial raised their price target on Red Rock Resorts from $68.00 to $70.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, October 21st. Finally, Macquarie lifted their price target on Red Rock Resorts from $67.00 to $68.00 and gave the stock an &#34;outperform&#34; rating in a report on Wednesday, October 29th. One equities research analyst  has rated the stock with a Strong Buy rating, nine have assigned  a Buy rating and four have assigned  a Hold rating to the company. Based on data from MarketBeat.com, Red Rock Resorts currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $64.42.</p><p><b>Get Our Latest Stock Analysis on RRR</b></p><h2>Red Rock Resorts Trading Up 1.8%</h2><p>NASDAQ RRR opened at $57.44 on Thursday. The firm's fifty day moving average price is $57.33 and its 200 day moving average price is $56.70. Red Rock Resorts, Inc. has a 12 month low of $35.09 and a 12 month high of $63.60. The company has a debt-to-equity ratio of 10.11, a current ratio of 0.75 and a quick ratio of 0.70. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.99 and a beta of 1.52. </p><p>Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.32. The company had revenue of $475.57 million during the quarter, compared to the consensus estimate of $477.25 million. Red Rock Resorts had a net margin of 9.52% and a return on equity of 59.86%. Red Rock Resorts's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share.  On average, sell-side analysts expect that  Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year. </p><h2>Red Rock Resorts Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.26 dividend. This is a positive change from Red Rock Resorts's previous quarterly dividend of $0.25. The ex-dividend date is Monday, December 15th. This represents a $1.04 annualized dividend and a yield of 1.8%. Red Rock Resorts's payout ratio is currently 31.85%. </p><p>Red Rock Resorts declared that its board has initiated a share buyback program on Tuesday, October 28th that authorizes the company to buyback $300.00 million in  outstanding  shares. This buyback authorization authorizes the company to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued. </p><h2>Red Rock Resorts Company Profile</h2> (Free Report)<p>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 &amp; Resort and smaller casinos in the Las Vegas regional market.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Red Rock Resorts</li><li>Stock Average Calculator      </li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>What is the Hang Seng index?  </li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlJS?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlJS"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Red Rock Resorts Right Now?</h2><p>Before you consider Red Rock Resorts, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Rock Resorts wasn't on the list.</p><p>While Red Rock Resorts currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Norges Bank acquired 41,388 shares of Red Rock Resorts, Inc. during Q2, valued at $2,153,000. Other institutional investors also increased their stakes. Analysts have mixed ratings, with a moderate buy consensus and a target price of $64.42. Red Rock Resorts reported Q3 earnings of $0.68 per share, beating estimates, and increased its quarterly dividend to $0.26. The stock trades at $57.44, with a market cap of $6.08 billion.</p>

Norges Bank Purchases Shares of 41,388 Red Rock Resorts, Inc. $RRR