Red Rock Resorts Company Profile (NASDAQ:RRR)

Red Rock Resorts trades on the NASDAQ under the ticker symbol "RRR."

Red Rock Resorts declared a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 16th will be given a dividend of $0.10 per share on Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, May 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts Inc (NASDAQ:RRR) announced its quarterly earnings results on Thursday, May, 4th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.07. The firm had revenue of $417.73 million for the quarter, compared to analysts' expectations of $402.88 million. Red Rock Resorts had a return on equity of 21.98% and a net margin of 10.19%. The company's quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share. View Red Rock Resorts' Earnings History.

11 brokers have issued twelve-month price targets for Red Rock Resorts' stock. Their predictions range from $23.00 to $29.00. On average, they expect Red Rock Resorts' share price to reach $25.94 in the next twelve months. View Analyst Ratings for Red Rock Resorts.

Here are some recent quotes from research analysts about Red Rock Resorts stock:

• 1. According to Zacks Investment Research, "Red Rock Resorts manage and own an indirect equity interest in Station Casinos LLC. Station is the provider of gaming and entertainment primarily in Las Vegas, Nevada. Red Rock Resorts is based in LAS VEGAS, United States. " (5/10/2017)
• 2. JPMorgan Chase & Co. analysts commented, "Following modestly lower 2Q16 LV Locals EBITDA results (up ~2.7% year-over-year on an adjusted basis, versus our estimated 5% growth, and $3.1m below our forecast on lower sports book hold and 1-time expenses related to the 10 th anniversary celebration of its Red Rock property, a total EBITDA impact of ~$3.5m), our 2H16 LV Locals EBITDA goes up 1.4% on higher flow-through assumptions (65% versus our prior conservative 50% assumption). We continue to assume its LV Locals net revenues can grow 3% in the 2H16 (an acceleration from 2Q16’s growth rate but we note that the year-over-year net revenue growth comparisons get easier). We continue to view RRR as possessing an attractive 8% EBITDA CAGR through 2018, driven by (1) improving trends in the Las Vegas economy, aiding RRR’s same-store LV Locals growth, (2) external growth coming from its soon-to-be-acquired Palms Casino Resort (late 3Q16 anticipated close), and (3) growth from its Native American management fee stream. We model no out-year EBITDA contribution from any new developments." (8/16/2016)

Some companies that are related to Red Rock Resorts include Marriott Vacations Worldwide Corp (VAC), Regal Entertainment Group (RGC), William Hill (WIMHY), AMC Entertainment Holdings (AMC), Zynga (ZNGA), Manchester United PLC (MANU), Boyd Gaming (BYD), Laureate Education (LAUR), Churchill Downs (CHDN), Nexstar Media Group (NXST), Prestige Brands Holdings (PBH), Caesars Acquisition Company (CACQ), Wolverine World Wide (WWW), Masonite International Corp (DOOR), Steven Madden (SHOO), Corus Entertainment (CJREF), Party City Holdco (PRTY) and Thomas Cook Group (TCKGY).

(RRR) raised $532 million in an initial public offering on Wednesday, April 27th 2016. The company issued 27,300,000 shares at a price of $18.00-$21.00 per share. Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch and Goldman Sachs served as the underwriters for the IPO and Wells Fargo Securities, Citigroup, Macquarie Capital, Fifth Third Securities, Credit Suisse, UBS, Investment Bank, Stifel, Raine Securities, Oppenheimer, Guggenheim Securities and Ramirez were co-managers.

Red Rock Resorts' stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (12.13%), Diamond Hill Capital Management Inc. (6.63%), Vanguard Group Inc. (6.32%), JPMorgan Chase & Co. (5.15%), Goldman Sachs Group Inc. (2.66%) and Victory Capital Management Inc. (2.28%). View Institutional Ownership Trends for Red Rock Resorts.

Red Rock Resorts' stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Teachers Advisors LLC, RWC Asset Management LLP, TIAA CREF Investment Management LLC, Morgan Stanley, RK Capital Management LLC, OppenheimerFunds Inc. and Bank of America Corp DE. View Insider Buying and Selling for Red Rock Resorts.

Red Rock Resorts' stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Diamond Hill Capital Management Inc., Vanguard Group Inc., Epoch Investment Partners Inc., KRV Capital LP, Eagle Asset Management Inc., Schroder Investment Management Group and Victory Capital Management Inc.. View Insider Buying and Selling for Red Rock Resorts.

Shares of Red Rock Resorts can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Red Rock Resorts stock can currently be purchased for approximately $23.54.