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

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.

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.

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

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.

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.

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).

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.

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 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.

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

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 $40.48.

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.

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.