Red Rock Resorts Company Profile (NASDAQ:RRR)

About Red Rock Resorts (NASDAQ:RRR)

Red Rock Resorts logoRed Rock Resorts, Inc. is a gaming, development and management company. The Company's segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements. It provides gaming and entertainment for residents of the Las Vegas regional market and visitors. Its Las Vegas portfolio includes approximately 10 gaming and entertainment facilities and over 10 smaller casinos, offering approximately 20,300 slot machines, over 350 table games and approximately 4,750 hotel rooms. The Company offers a range of gaming and non-gaming entertainment options. It also controls over seven gaming-entitled development sites consisting of approximately 398 acres in Las Vegas and Reno, Nevada. The Company manages and owns interest in Station Casinos LLC, which is the provider of gaming and entertainment.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: NASDAQ:RRR
  • CUSIP: N/A
  • Web: www.sclv.com
Capitalization:
  • Market Cap: $1.59 billion
  • Outstanding Shares: 67,717,000
Average Prices:
  • 50 Day Moving Avg: $23.05
  • 200 Day Moving Avg: $22.90
  • 52 Week Range: $19.58 - $24.67
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 17.83
  • P/E Growth: 6.84
Sales & Book Value:
  • Annual Revenue: $1.51 billion
  • Price / Sales: 1.06
  • Book Value: $5.56 per share
  • Price / Book: 4.23
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 1.7%
Profitability:
  • EBIDTA: $493.64 million
  • Net Margins: 10.19%
  • Return on Equity: 21.98%
  • Return on Assets: 4.22%
Debt:
  • Debt-to-Equity Ratio: 4.09%
  • Current Ratio: 0.91%
  • Quick Ratio: 0.86%
Misc:
  • Average Volume: 651,889 shs.
  • Short Ratio: 4.09
 

Frequently Asked Questions for Red Rock Resorts (NASDAQ:RRR)

What is Red Rock Resorts' stock symbol?

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

How often does Red Rock Resorts pay dividends? What is the dividend yield for Red Rock Resorts?

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.

How were Red Rock Resorts' earnings last quarter?

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.

Where is Red Rock Resorts' stock going? Where will Red Rock Resorts' stock price be in 2017?

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.

What are analysts saying about Red Rock Resorts stock?

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)

Who are some of Red Rock Resorts' key competitors?

When did Red Rock Resorts IPO?

(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.

Who owns Red Rock Resorts stock?

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.

Who sold Red Rock Resorts stock? Who is selling Red Rock Resorts stock?

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.

Who bought Red Rock Resorts stock? Who is buying Red Rock Resorts stock?

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.

How do I buy Red Rock Resorts stock?

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.

How much does a share of Red Rock Resorts stock cost?

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

Analyst Ratings

Consensus Ratings for Red Rock Resorts (NASDAQ:RRR) (?)
Ratings Breakdown: 2 Hold Ratings, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.82)
Consensus Price Target: $25.94 (10.21% upside)

Analysts' Ratings History for Red Rock Resorts (NASDAQ:RRR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/8/2017Wells Fargo & CoReiterated RatingOutperformHighView Rating Details
3/8/2017Stifel NicolausLower Price TargetBuy -> Buy$26.00 -> $25.00HighView Rating Details
2/13/2017AegisInitiated CoverageBuy$27.50N/AView Rating Details
1/27/2017Buckingham ResearchInitiated CoverageBuy$27.00N/AView Rating Details
12/15/2016Goldman Sachs Group IncInitiated CoverageNeutral$23.00N/AView Rating Details
12/7/2016Deutsche Bank AGBoost Price TargetBuy$26.00 -> $28.00N/AView Rating Details
11/4/2016Imperial CapitalInitiated CoverageIn -> In-Line$23.00N/AView Rating Details
10/14/2016GabelliInitiated CoverageBuy$29.00N/AView Rating Details
10/10/2016MacquarieInitiated CoverageOutperform$26.00N/AView Rating Details
8/16/2016Citigroup IncReiterated RatingBuy$25.00N/AView Rating Details
8/16/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
5/23/2016Bank of America CorpInitiated CoverageBuy$24.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Red Rock Resorts (NASDAQ:RRR)
Earnings by Quarter for Red Rock Resorts (NASDAQ:RRR)
Earnings History by Quarter for Red Rock Resorts (NASDAQ:RRR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017$0.37$0.30$402.88 million$417.73 millionViewListenView Earnings Details
3/7/2017Q4 2016$0.34$0.37$396.04 million$394.60 millionViewListenView Earnings Details
11/7/2016Q3$0.26$0.20$335.42 million$347.10 millionViewN/AView Earnings Details
8/15/2016Q216$0.40$0.01$350.07 million$351.50 millionViewListenView Earnings Details
1/26/2012$0.09$0.14ViewN/AView Earnings Details
10/20/2011$0.14$0.15ViewN/AView Earnings Details
7/21/2011($0.02)$0.02ViewN/AView Earnings Details
4/20/2011($0.22)($0.49)ViewN/AView Earnings Details
2/8/2011($0.09)($0.07)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Red Rock Resorts (NASDAQ:RRR)
Current Year EPS Consensus Estimate: $1.33 EPS
Next Year EPS Consensus Estimate: $1.32 EPS

Dividends

Current Dividend Information for Red Rock Resorts (NASDAQ:RRR)
Next Dividend:5/30/2017
Annual Dividend:$0.40
Dividend Yield:1.70%
Payout Ratio:30.08% (Based on This Year's Estimates)
30.30% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Red Rock Resorts (NASDAQ:RRR)

Dividend History by Quarter for Red Rock Resorts (NASDAQ:RRR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/4/2017quarterly$0.101.75%5/12/20175/16/20175/30/2017
3/2/2017quarterly$0.101.81%3/13/20173/15/20173/31/2017
11/4/2016quarterly$0.101.85%11/10/201611/15/201611/30/2016
8/1/2016special$0.108/11/20168/15/20168/30/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Red Rock Resorts (NASDAQ:RRR)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Red Rock Resorts (NASDAQ:RRR)
Latest Headlines for Red Rock Resorts (NASDAQ:RRR)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to Red Rock Resorts, Inc. : May 23, 2017
finance.yahoo.com - May 23 at 7:00 PM
finance.yahoo.com logoRed Rock Resorts, Inc. :RRR-US: Earnings Analysis: Q1, 2017 By the Numbers : May 22, 2017
finance.yahoo.com - May 22 at 6:42 PM
finance.yahoo.com logoRed Rock Resorts, Inc. to Participate in Nomura/Instinet Gaming, Leisure and Lodging Conference
finance.yahoo.com - May 15 at 9:35 AM
americanbankingnews.com logoZacks Investment Research Upgrades Red Rock Resorts Inc (RRR) to Hold
www.americanbankingnews.com - May 14 at 7:04 PM
finance.yahoo.com logoRed Rock Resorts, Inc. : RRR-US: Dividend Analysis : May 16th, 2017 (record date) : By the numbers : May 12, 2017
finance.yahoo.com - May 12 at 10:55 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS
www.americanbankingnews.com - May 8 at 5:26 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Expected to Announce Quarterly Sales of $399.02 Million
www.americanbankingnews.com - May 7 at 8:14 AM
streetinsider.com logoRed Rock Resorts (RRR) Reports Q1 EPS of $0.30, Miss on Revenues
www.streetinsider.com - May 5 at 7:56 PM
finance.yahoo.com logoEdited Transcript of RRR earnings conference call or presentation 4-May-17 9:00pm GMT
finance.yahoo.com - May 5 at 7:56 PM
americanbankingnews.com logo$0.36 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - May 5 at 2:28 PM
msn.com logoRed Rock Resorts (RRR) Q1 2017 Results - Earnings Call Transcript
www.msn.com - May 5 at 8:06 AM
americanbankingnews.com logoRed Rock Resorts Inc Announces Quarterly Dividend of $0.10 (RRR)
www.americanbankingnews.com - May 4 at 9:04 PM
finance.yahoo.com logoInvestor Network: Red Rock Resorts, Inc. to Host Earnings Call
finance.yahoo.com - May 4 at 7:52 PM
finance.yahoo.com logoRed Rock Resorts Announces First Quarter 2017 Results
finance.yahoo.com - May 4 at 7:52 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 3 at 12:33 PM
finance.yahoo.com logoRed Rock Resorts Announces First Quarter 2017 Conference Call and Earnings Release Date
finance.yahoo.com - April 26 at 5:39 PM
americanbankingnews.com logo$402.95 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - April 16 at 8:40 AM
americanbankingnews.com logo$0.35 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - April 14 at 2:56 PM
finance.yahoo.com logoRed Rock Resorts, Inc. – Value Analysis (NASDAQ:RRR) : April 13, 2017
finance.yahoo.com - April 13 at 7:25 PM
finance.yahoo.com logoRed Rock Resorts, Inc. breached its 50 day moving average in a Bullish Manner : RRR-US : April 12, 2017
finance.yahoo.com - April 12 at 1:23 PM
finance.yahoo.com logoStation Casinos LLC -- Moody's affirms Stations B1 CFR, downgrades sr secured ratings to B1
finance.yahoo.com - April 10 at 7:09 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - April 7 at 5:56 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Short Interest Up 23.4% in March
www.americanbankingnews.com - April 4 at 1:49 PM
finance.yahoo.com logoRED ROCK RESORTS, INC. Financials
finance.yahoo.com - March 16 at 8:36 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Downgraded by Zacks Investment Research to “Sell”
www.americanbankingnews.com - March 15 at 10:10 AM
americanbankingnews.com logoStifel Nicolaus Trims Red Rock Resorts Inc (RRR) Target Price to $25.00
www.americanbankingnews.com - March 14 at 11:30 AM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Given Consensus Rating of “Buy” by Brokerages
www.americanbankingnews.com - March 13 at 1:17 PM
biz.yahoo.com logoRED ROCK RESORTS, INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 13 at 9:27 AM
finance.yahoo.com logoPost Earnings Coverage as Air Lease's Quarterly Revenue Jumped 13.4%; Diluted EPS Climbed 20.3%
finance.yahoo.com - March 13 at 9:27 AM
streetinsider.com logoRed Rock Resorts (RRR) Names Stephen Cootey EVP/CAO
www.streetinsider.com - March 11 at 10:26 AM
reuters.com logoBRIEF-Red Rock Resorts Q4 net EPS of class A common stock $0.37
www.reuters.com - March 9 at 12:52 AM
seekingalpha.com logoRed Rock Resorts (RRR) Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 9 at 12:52 AM
finance.yahoo.com logoEdited Transcript of RRR earnings conference call or presentation 7-Mar-17 9:30pm GMT
finance.yahoo.com - March 8 at 8:39 AM
biz.yahoo.com logoRED ROCK RESORTS, INC. Files SEC form 8-K, Results of Operations and Financial Condition
us.rd.yahoo.com - March 8 at 12:28 AM
us.rd.yahoo.com logo4:03 pm Red Rock Resorts beats by $0.03, reports revs in-line
us.rd.yahoo.com - March 8 at 12:28 AM
reuters.com logoBRIEF-Red rock resorts says Station Casinos unit entered 2nd loan modification agreement
www.reuters.com - March 7 at 7:28 PM
biz.yahoo.com logoQ4 2016 Red Rock Resorts Inc Earnings Release - After Market Close
biz.yahoo.com - March 7 at 9:22 AM
finance.yahoo.com logoRed Rock Resorts, Inc. Announces Upcoming Launch of “StationPlay”
finance.yahoo.com - March 7 at 9:22 AM
feeds.benzinga.com logoEarnings Scheduled For March 7, 2017
feeds.benzinga.com - March 7 at 5:55 AM
feeds.benzinga.com logoRed Rock Resorts, Inc. Announces Quarterly Dividend
feeds.benzinga.com - March 1 at 9:10 PM
finance.yahoo.com logoShould You Buy Red Rock Resorts (RRR) Ahead of Earnings?
finance.yahoo.com - February 17 at 7:51 PM
biz.yahoo.com logoRED ROCK RESORTS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
biz.yahoo.com - February 8 at 11:34 PM
seekingalpha.com logoBuckingham likes Las Vegas locals casino names
seekingalpha.com - January 28 at 6:13 AM
streetinsider.com logoForm SC 13G Red Rock Resorts, Inc. Filed by: COHEN & STEERS INC
www.streetinsider.com - December 12 at 7:40 PM
seekingalpha.com logoRed Rock Resorts slides after share block sale
seekingalpha.com - November 17 at 6:56 PM
finance.yahoo.com logoRed Rock Resorts, Inc. to Participate in the 5th Annual Wells Fargo Boston Gaming Forum
finance.yahoo.com - November 16 at 7:33 PM
biz.yahoo.com logoRED ROCK RESORTS, INC. Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - November 10 at 7:09 PM
biz.yahoo.com logoRED ROCK RESORTS, INC. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - November 9 at 9:54 AM
seekingalpha.com logoRed Rock Resorts (RRR) Management on Q3 2016 Results - Earnings Call Transcript
seekingalpha.com - November 8 at 10:50 AM
forbes.com logoEx-Dividend Reminder: Red Rock Resorts, Vectren and Exelon
www.forbes.com - November 8 at 10:50 AM

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Red Rock Resorts (RRR) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff