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S&P 500   4,299.70
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Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
This Stock Could Go Up 66% or More. (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
U.S. Loses to China in Shocking WAR GAMES (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
U.S. Loses to China in Shocking WAR GAMES (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
This Stock Could Go Up 66% or More. (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
U.S. Loses to China in Shocking WAR GAMES (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
U.S. Loses to China in Shocking WAR GAMES (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
This Stock Could Go Up 66% or More. (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
U.S. Loses to China in Shocking WAR GAMES (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
U.S. Loses to China in Shocking WAR GAMES (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields

Red Rock Resorts (RRR) Stock Forecast, Price & News

$40.48
+0.17 (+0.42%)
(As of 09/28/2023 ET)
Compare
Today's Range
$39.87
$40.83
50-Day Range
$40.23
$50.83
52-Week Range
$33.80
$51.35
Volume
442,895 shs
Average Volume
354,478 shs
Market Capitalization
$4.23 billion
P/E Ratio
10.88
Dividend Yield
2.47%
Price Target
$51.00

Red Rock Resorts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
26.0% Upside
$51.00 Price Target
Short Interest
Bearish
4.82% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
18.67%
From $1.66 to $1.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.94 out of 5 stars

Consumer Discretionary Sector

24th out of 271 stocks

Hotels & Motels Industry

4th out of 28 stocks


RRR stock logo

About Red Rock Resorts (NASDAQ:RRR) Stock

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 6 gaming and entertainment facilities, and 9 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was founded in 1976 and is based in Las Vegas, Nevada.

RRR Price History

RRR Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Red Rock Resorts (RRR) Gets a Hold from Truist Financial
Successful Options Trading Begins With…
Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month!
Red Rock Resorts (RRR) Gets a Buy from JMP Securities
Deutsche Bank Keeps Their Buy Rating on Red Rock Resorts (RRR)
Red Rock Resorts Announces Second Quarter 2023 Results
Expert Ratings for Red Rock Resorts
8 Analysts Have This to Say About Red Rock Resorts
See More Headlines
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RRR Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/29/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:RRR
Fax
N/A
Employees
7,850
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$51.00
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+26.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$205.46 million
Pretax Margin
27.73%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$3.48 per share
Book Value
$0.31 per share

Miscellaneous

Free Float
47,805,000
Market Cap
$4.23 billion
Optionable
Optionable
Beta
2.16

Social Links

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Key Executives

  • Mr. Frank J. Fertitta IIIMr. Frank J. Fertitta III (Age 61)
    Chairman & CEO
    Comp: $3.26M
  • Mr. Scott Kreeger (Age 56)
    Pres
    Comp: $2.57M
  • Mr. Stephen Cootey (Age 54)
    Exec. VP, CFO & Treasurer
    Comp: $1.78M
  • Mr. Robert A. Finch (Age 63)
    Exec. VP & COO
    Comp: $1.37M
  • Mr. Jeffrey T. Welch (Age 60)
    Exec. VP & Chief Legal Officer
    Comp: $1.66M
  • Wes Allison
    Chief Accounting Officer
  • Mr. Daniel P. Foley
    VP of Fin. & Investor Relations
  • Mr. Rodney S. Atamian
    Exec. VP of Devel. & Strategy













RRR Stock - Frequently Asked Questions

Should I buy or sell Red Rock Resorts stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RRR shares.
View RRR analyst ratings
or view top-rated stocks.

What is Red Rock Resorts' stock price forecast for 2023?

8 Wall Street analysts have issued 1-year price objectives for Red Rock Resorts' shares. Their RRR share price forecasts range from $44.00 to $55.00. On average, they predict the company's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for RRR
or view top-rated stocks among Wall Street analysts.

How have RRR shares performed in 2023?

Red Rock Resorts' stock was trading at $40.01 at the beginning of the year. Since then, RRR stock has increased by 1.2% and is now trading at $40.48.
View the best growth stocks for 2023 here
.

When is Red Rock Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our RRR earnings forecast
.

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts, Inc. (NASDAQ:RRR) released its quarterly earnings results on Thursday, August, 3rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.21. The company earned $416.13 million during the quarter, compared to analyst estimates of $419.60 million. Red Rock Resorts had a net margin of 13.35% and a trailing twelve-month return on equity of 276.42%. Red Rock Resorts's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share.

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, August 3rd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.25 per share on Friday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for RRR
.

Is Red Rock Resorts a good dividend stock?

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.49%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 50.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRR.

What is Frank J. Fertitta III's approval rating as Red Rock Resorts' CEO?

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.

What other stocks do shareholders of Red Rock Resorts own?

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).

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 acted 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.

What is Red Rock Resorts' stock symbol?

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

How do I buy shares of Red Rock Resorts?

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.
Compare Top Brokerages Here.

What is Red Rock Resorts' stock price today?

One share of RRR stock can currently be purchased for approximately $40.48.

How much money does Red Rock Resorts make?

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.23 billion and generates $1.66 billion in revenue each year. The company earns $205.46 million in net income (profit) each year or $3.72 on an earnings per share basis.

How many employees does Red Rock Resorts have?

The company employs 7,850 workers across the globe.

Does Red Rock Resorts have any subsidiaries?
The following companies are subsidiares of Red Rock Resorts: Amphenol Phoenix (Anji) Telecom Parts Co. Ltd..
Read More
How can I contact Red Rock Resorts?

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.

This page (NASDAQ:RRR) was last updated on 9/29/2023 by MarketBeat.com Staff

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