Red Rock Resorts - RRR Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RRR shares.
View RRR analyst ratings or view top-rated stocks.

11 brokers have issued 12-month price targets for Red Rock Resorts' shares. Their RRR share price forecasts range from $36.00 to $55.00. On average, they expect the company's stock price to reach $48.58 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts price targets for RRR or view top-rated stocks among Wall Street analysts.

Red Rock Resorts' stock was trading at $40.01 at the start of the year. Since then, RRR shares have increased by 5.5% and is now trading at $42.20.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our RRR earnings forecast.

Red Rock Resorts, Inc. (NASDAQ:RRR) posted its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.40. The firm earned $414.77 million during the quarter, compared to analyst estimates of $404.42 million. Red Rock Resorts had a net margin of 12.35% and a trailing twelve-month return on equity of 798.37%. During the same quarter in the previous year, the firm earned $0.56 earnings per share.

Red Rock Resorts announced a quarterly dividend on Tuesday, February 7th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.25 per share on Friday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for RRR.

ETFs with the largest weight of Red Rock Resorts (NASDAQ:RRR) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), AdvisorShares Hotel ETF (BEDZ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco DWA SmallCap Momentum ETF (DWAS), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), InfraCap Equity Income Fund ETF (ICAP) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.37%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 44.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRR.

197 employees have rated Red Rock Resorts Chief Executive Officer Frank J. Fertitta III on Glassdoor.com. Frank J. Fertitta III has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Rock Resorts investors own include CA (CA), NVIDIA (NVDA), BlackRock (BLK), Endologix (ELGX), Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), Chipotle Mexican Grill (CMG), Eldorado Resorts (ERI) and Delta Air Lines (DAL).

(RRR) raised $532 million in an initial public offering on Wednesday, April 27th 2016. The company issued 27,300,000 shares at $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 trades on the NASDAQ under the ticker symbol "RRR."

Red Rock Resorts' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bamco Inc. NY (7.85%), Diamond Hill Capital Management Inc. (4.73%), Eminence Capital LP (1.54%), Macquarie Group Ltd. (1.18%), Franklin Resources Inc. (1.07%) and Geode Capital Management LLC (0.89%). Insiders that own company stock include Frank J Fertitta III, Lorenzo J Fertitta and Robert A Finch.
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Shares of RRR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RRR stock can currently be purchased for approximately $42.20.

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.39 billion and generates $1.66 billion in revenue each year. The company earns $205.46 million in net income (profit) each year or $3.35 on an earnings per share basis.

The company employs 7,850 workers across the globe.

Red Rock Resorts' mailing address is 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV, 89135. The official website for the company is www.redrockresorts.com. The company can be reached via phone at (702) 495-3000 or via email at investorrelations@redrockresorts.com.