Positive News SentimentPositive NewsNASDAQ:RRR Red Rock Resorts (RRR) Stock Forecast, Price & News $40.48 +0.17 (+0.42%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$39.87▼$40.8350-Day Range$40.23▼$50.8352-Week Range$33.80▼$51.35Volume442,895 shsAverage Volume354,478 shsMarket Capitalization$4.23 billionP/E Ratio10.88Dividend Yield2.47%Price Target$51.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Red Rock Resorts MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside26.0% Upside$51.00 Price TargetShort InterestBearish4.82% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth18.67%From $1.66 to $1.97 Per ShareSee Full Details Hide Full Details 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 starsConsumer Discretionary Sector24th out of 271 stocksHotels & Motels Industry4th out of 28 stocks 3.3 Analyst's Opinion Consensus RatingRed Rock Resorts has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.00, Red Rock Resorts has a forecasted upside of 26.0% from its current price of $40.48.Amount of Analyst CoverageRed Rock Resorts has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.82% of the float of Red Rock Resorts has been sold short.Short Interest Ratio / Days to CoverRed Rock Resorts has a short interest ratio ("days to cover") of 5.5.Change versus previous monthShort interest in Red Rock Resorts has recently increased by 8.72%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldRed Rock Resorts pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthRed Rock Resorts has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Red Rock Resorts is 26.88%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Red Rock Resorts will have a dividend payout ratio of 50.76% next year. This indicates that Red Rock Resorts will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RRR. Previous Next 3.3 News and Social Media Coverage News SentimentRed Rock Resorts has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 1 news article for Red Rock Resorts this week, compared to 2 articles on an average week.MarketBeat Follows1 people have added Red Rock Resorts to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Red Rock Resorts insiders have not sold or bought any company stock.Percentage Held by Insiders54.20% of the stock of Red Rock Resorts is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions51.21% of the stock of Red Rock Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Red Rock Resorts are expected to grow by 18.67% in the coming year, from $1.66 to $1.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Red Rock Resorts is 10.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.10.Price to Earnings Ratio vs. SectorThe P/E ratio of Red Rock Resorts is 10.88, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.52.Price to Earnings Growth RatioRed Rock Resorts has a PEG Ratio of 10.35. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioRed Rock Resorts has a P/B Ratio of 130.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Red Rock Resorts (NASDAQ:RRR) StockRed 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.Read More RRR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RRR Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comMorgan Stanley Trims Red Rock Resorts (NASDAQ:RRR) Target Price to $53.00September 11, 2023 | msn.comSusquehanna Initiates Coverage of Red Rock Resorts Inc - (RRR) with Positive RecommendationSeptember 29, 2023 | Chaikin Analytics (Ad)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.September 11, 2023 | msn.comRed Rock Resorts gains after Susquehanna points to upsideAugust 29, 2023 | forbes.comRed Rock Resorts Buy Write Pursues 42% Annualized Return Over 52 DaysAugust 22, 2023 | finance.yahoo.comRed Rock Resorts (NASDAQ:RRR) Has Announced A Dividend Of $0.25August 11, 2023 | finance.yahoo.comRed Rock Resorts, Inc. (NASDAQ:RRR) Q2 2023 Earnings Call TranscriptAugust 7, 2023 | markets.businessinsider.comRed Rock Resorts (RRR) Gets a Hold from Truist FinancialSeptember 29, 2023 | Tradewins (Ad)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! August 6, 2023 | seekingalpha.comRed Rock Resorts, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 4, 2023 | finanznachrichten.deRed Rock Resorts, Inc.: Red Rock Resorts Announces Second Quarter 2023 ResultsAugust 4, 2023 | finance.yahoo.comRed Rock Resorts (RRR) Q2 Earnings Beat Estimates, Revenues LagAugust 4, 2023 | markets.businessinsider.comRed Rock Resorts (RRR) Gets a Buy from JMP SecuritiesAugust 4, 2023 | markets.businessinsider.comDeutsche Bank Keeps Their Buy Rating on Red Rock Resorts (RRR)August 4, 2023 | finance.yahoo.comRed Rock Resorts (RRR) Reports Q2 Earnings: What Key Metrics Have to SayAugust 3, 2023 | msn.comRed Rock Resorts GAAP EPS of $0.65 beats by $0.14, revenue of $416.1M misses by $3.53MAugust 3, 2023 | msn.comRed Rock Resorts (RRR) Surpasses Q2 Earnings EstimatesAugust 3, 2023 | finance.yahoo.comRed Rock Resorts Announces Second Quarter 2023 ResultsAugust 1, 2023 | markets.businessinsider.comTruist Financial Sticks to Their Hold Rating for Red Rock Resorts (RRR)July 25, 2023 | seekingalpha.comRed Rock Resorts: Overvalued When Accounting For Risk At Current HighsJuly 17, 2023 | msn.comJMP Securities Reiterates Red Rock Resorts Inc - (RRR) Market Outperform RecommendationJuly 17, 2023 | markets.businessinsider.comExpert Ratings for Red Rock ResortsJuly 14, 2023 | finance.yahoo.comRed Rock Resorts Announces Second Quarter Conference Call and Earnings Release DateJune 27, 2023 | markets.businessinsider.com8 Analysts Have This to Say About Red Rock ResortsJune 22, 2023 | finance.yahoo.comDevelopment Projects Aid Red Rock Resorts (RRR), Costs HighJune 7, 2023 | benzinga.comRed Rock Resorts EVP & Chief Financial Officer Acquires 220,317 Shares After Exercising Company Stock OptionsMay 31, 2023 | finance.yahoo.comInvestors in Red Rock Resorts (NASDAQ:RRR) have seen impressive returns of 276% over the past three yearsSee More Headlines Receive RRR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Red Rock Resorts and its competitors with MarketBeat's FREE daily newsletter. Email Address RRR Company Calendar Last Earnings8/03/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/29/2023Dividend Payable9/29/2023Next Earnings (Estimated)10/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Hotels & motels Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:RRR CUSIPN/A CIK1653653 Webwww.redrockresorts.com Phone(702) 495-3000FaxN/AEmployees7,850Year Founded2006Price 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 RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.72 Trailing P/E Ratio10.88 Forward P/E Ratio24.39 P/E Growth10.35Net Income$205.46 million Net Margins13.35% Pretax Margin27.73% Return on Equity276.42% Return on Assets5.12% Debt Debt-to-Equity Ratio26.38 Current Ratio0.66 Quick Ratio0.61 Sales & Book Value Annual Sales$1.66 billion Price / Sales2.54 Cash Flow$3.48 per share Price / Cash Flow11.64 Book Value$0.31 per share Price / Book130.58Miscellaneous Outstanding Shares104,380,000Free Float47,805,000Market Cap$4.23 billion OptionableOptionable Beta2.16 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Frank J. Fertitta III (Age 61)Chairman & CEO Comp: $3.26MMr. Scott Kreeger (Age 56)Pres Comp: $2.57MMr. Stephen Cootey (Age 54)Exec. VP, CFO & Treasurer Comp: $1.78MMr. Robert A. Finch (Age 63)Exec. VP & COO Comp: $1.37MMr. Jeffrey T. Welch (Age 60)Exec. VP & Chief Legal Officer Comp: $1.66MWes AllisonChief Accounting OfficerMr. Daniel P. FoleyVP of Fin. & Investor RelationsMr. Rodney S. AtamianExec. VP of Devel. & StrategyMore ExecutivesKey CompetitorsMelco Resorts & EntertainmentNASDAQ:MLCOPENN EntertainmentNASDAQ:PENNTravel + LeisureNYSE:TNLWyndham Hotels & ResortsNYSE:WHAtour LifestyleNASDAQ:ATATView All CompetitorsInstitutional OwnershipBarclays PLCBought 708 shares on 9/21/2023Ownership: 0.048%Comerica BankBought 578,640 shares on 8/22/2023Ownership: 0.554%California State Teachers Retirement SystemSold 5,386 shares on 8/21/2023Ownership: 0.057%Osaic Holdings Inc.Bought 726 shares on 8/21/2023Ownership: 0.003%Legato Capital Management LLCBought 9,910 shares on 8/18/2023Ownership: 0.009%View All Institutional Transactions 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. What ETFs hold Red Rock Resorts' stock? ETFs with the largest weight of Red Rock Resorts (NASDAQ:RRR) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), 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) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).Small Cap US Equity Select ETF (RNSC). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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