NASDAQ:RRR Red Rock Resorts (RRR) Stock Forecast, Price & News $48.38 +1.53 (+3.27%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$46.83▼$48.5550-Day Range$42.96▼$48.8052-Week Range$30.98▼$49.81Volume656,721 shsAverage Volume452,007 shsMarket Capitalization$5.04 billionP/E Ratio14.53Dividend Yield2.07%Price Target$49.09 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Red Rock Resorts MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside1.5% Upside$49.09 Price TargetShort InterestBearish4.03% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.10Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth12.64%From $1.82 to $2.05 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.1.82 out of 5 starsConsumer Discretionary Sector207th out of 262 stocksHotels & Motels Industry23rd out of 28 stocks 1.3 Analyst's Opinion Consensus RatingRed Rock Resorts has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.09, Red Rock Resorts has a forecasted upside of 1.5% from its current price of $48.38.Amount of Analyst CoverageRed Rock Resorts has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.03% 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 4.1.Change versus previous monthShort interest in Red Rock Resorts has recently increased by 1.02%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldRed Rock Resorts pays a meaningful dividend of 2.12%, 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 30.03%. 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 48.78% 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 1.7 News and Social Media Coverage News SentimentRed Rock Resorts has a news sentiment score of 0.10. 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 lower news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Red Rock Resorts this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 1 people have added Red Rock Resorts to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 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 Institutions52.45% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Red Rock Resorts are expected to grow by 12.64% in the coming year, from $1.82 to $2.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Red Rock Resorts is 14.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Red Rock Resorts is 14.53, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.61.Price to Earnings Growth RatioRed Rock Resorts has a PEG Ratio of 6.86. 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 156.06. 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. is a holding company, which engages in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet spaces, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.Read More 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 Stock News HeadlinesJune 4, 2023 | americanbankingnews.comRed Rock Resorts (NASDAQ:RRR) Upgraded to "Buy" at StockNews.comJune 1, 2023 | americanbankingnews.comHead-To-Head Comparison: Red Rock Resorts (NASDAQ:RRR) & Soho House & Co Inc. (NYSE:SHCO)June 6, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 31, 2023 | finance.yahoo.comInvestors in Red Rock Resorts (NASDAQ:RRR) have seen impressive returns of 276% over the past three yearsMay 28, 2023 | americanbankingnews.comStockNews.com Downgrades Red Rock Resorts (NASDAQ:RRR) to HoldMay 21, 2023 | americanbankingnews.comRed Rock Resorts (NASDAQ:RRR) Earns Buy Rating from Analysts at StockNews.comMay 21, 2023 | americanbankingnews.comBrokerages Set Red Rock Resorts, Inc. (NASDAQ:RRR) Target Price at $49.09May 15, 2023 | finance.yahoo.comRed Rock Resorts Stock Scores RS Rating Rise To 83June 6, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 11, 2023 | finance.yahoo.comRed Rock Resorts' (NASDAQ:RRR) Dividend Will Be $0.25May 8, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Raises Red Rock Resorts (NASDAQ:RRR) Price Target to $55.00May 7, 2023 | americanbankingnews.comRed Rock Resorts (NASDAQ:RRR) PT Raised to $56.00 at Wells Fargo & CompanyMay 6, 2023 | seekingalpha.comRed Rock Resorts GAAP EPS of $0.75 beats by $0.25, revenue of $433.6M beats by $20.55MMay 6, 2023 | msn.comJMP Securities Maintains Red Rock Resorts Inc - (RRR) Market Outperform RecommendationMay 6, 2023 | nasdaq.comWells Fargo Maintains Red Rock Resorts Inc - (RRR) Overweight RecommendationMay 6, 2023 | americanbankingnews.comRed Rock Resorts (NASDAQ:RRR) Given New $54.00 Price Target at JMP SecuritiesMay 6, 2023 | msn.comRed Rock Resorts Inc - (RRR) Declares $0.25 DividendMay 5, 2023 | finanznachrichten.deRed Rock Resorts, Inc.: Red Rock Resorts Announces First Quarter 2023 ResultsMay 5, 2023 | markets.businessinsider.comAnalysts Offer Insights on Services Companies: Expedia (EXPE), Red Rock Resorts (RRR) and Peloton Interactive (PTON)May 5, 2023 | finance.yahoo.comRed Rock Resorts (NASDAQ:RRR) Is Doing The Right Things To Multiply Its Share PriceMay 5, 2023 | markets.businessinsider.comRed Rock Resorts (RRR) Receives a Rating Update from a Top AnalystMay 5, 2023 | finance.yahoo.comRed Rock Resorts (RRR) Reports Q1 Earnings: What Key Metrics Have to SayMay 4, 2023 | msn.comRed Rock Resorts: Q1 Earnings InsightsMay 4, 2023 | finance.yahoo.comRed Rock Resorts Announces First Quarter 2023 ResultsMay 4, 2023 | finance.yahoo.comRed Rock Resorts (RRR) Surpasses Q1 Earnings and Revenue EstimatesMay 2, 2023 | finance.yahoo.comWill Skillz Inc. (SKLZ) Report Negative Earnings Next Week? What You Should KnowMay 2, 2023 | americanbankingnews.comRed Rock Resorts (RRR) Set to Announce Quarterly Earnings on ThursdaySee More Headlines RRR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RRR Company Calendar Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Last Earnings5/04/2023Today6/06/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/08/2023Fiscal 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$49.09 High Stock Price Forecast$56.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+4.8%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.33 Trailing P/E Ratio14.07 Forward P/E Ratio25.74 P/E Growth6.86Net Income$205.46 million Net Margins11.90% Pretax Margin25.10% Return on Equity808.22% Return on Assets6.54% Debt Debt-to-Equity Ratio32.33 Current Ratio0.65 Quick Ratio0.61 Sales & Book Value Annual Sales$1.66 billion Price / Sales2.93 Cash Flow$3.43 per share Price / Cash Flow13.64 Book Value$0.31 per share Price / Book151.13Miscellaneous Outstanding Shares104,190,000Free Float47,718,000Market Cap$4.88 billion OptionableOptionable Beta2.16 Social Links Key ExecutivesFrank J. FertittaChairman & Chief Executive OfficerScott KreegerPresidentRobert A. FinchChief Operating Officer & Executive Vice PresidentStephen Lawrence CooteyChief Financial Officer, Treasurer & Executive VPJeffrey T. WelchChief Legal Officer & Executive Vice PresidentKey CompetitorsMelco Resorts & EntertainmentNASDAQ:MLCOPENN EntertainmentNASDAQ:PENNWyndham Hotels & ResortsNYSE:WHChoice Hotels InternationalNYSE:CHHBoyd GamingNYSE:BYDView All CompetitorsInsiders & InstitutionsLevel Four Advisory Services LLCBought 8,639 shares on 6/5/2023Ownership: 0.008%Macquarie Group Ltd.Bought 80,998 shares on 6/1/2023Ownership: 1.254%ProShare Advisors LLCSold 556 shares on 5/26/2023Ownership: 0.006%Ameriprise Financial Inc.Sold 78,827 shares on 5/22/2023Ownership: 0.257%Putnam Investments LLCSold 2,033 shares on 5/22/2023Ownership: 0.046%View All Insider TransactionsView All Institutional Transactions RRR Stock - Frequently Asked Questions Should I buy or sell Red Rock Resorts stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 4 hold ratings and 6 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. What is Red Rock Resorts' stock price forecast for 2023? 10 brokerages have issued 1 year target prices for Red Rock Resorts' shares. Their RRR share price forecasts range from $36.00 to $56.00. On average, they predict the company's stock price to reach $49.09 in the next year. This suggests a possible upside of 4.8% 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 17.1% and is now trading at $46.85. 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 Tuesday, August 8th 2023. View our RRR earnings forecast. How were Red Rock Resorts' earnings last quarter? Red Rock Resorts, Inc. (NASDAQ:RRR) issued its earnings results on Thursday, May, 4th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.28. The company had revenue of $433.64 million for the quarter, compared to the consensus estimate of $413.05 million. Red Rock Resorts had a net margin of 11.90% and a trailing twelve-month return on equity of 808.22%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. How often does Red Rock Resorts pay dividends? What is the dividend yield for Red Rock Resorts? Red Rock Resorts announced a quarterly dividend on Thursday, May 4th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.25 per share on Friday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, June 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 iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), AdvisorShares Hotel ETF (BEDZ), Invesco DWA SmallCap Momentum ETF (DWAS), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), InfraCap Equity Income Fund ETF (ICAP).Royce Quant Small-Cap Quality Value ETF (SQLV). 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 2.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 48.78% 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 $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." Who are Red Rock Resorts' major shareholders? Red Rock Resorts' stock is owned by a variety of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.58%), BlackRock Inc. (3.15%), FMR LLC (1.80%), Westfield Capital Management Co. LP (1.34%), Macquarie Group Ltd. (1.25%) and Macquarie Group Ltd. (1.25%). Insiders that own company stock include Frank J Fertitta III, Lorenzo J Fertitta and Robert A Finch. View institutional ownership trends. 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 $46.85. How much money does Red Rock Resorts make? Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.88 billion and generates $1.66 billion in revenue each year. The company earns $205.46 million in net income (profit) each year or $3.33 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 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Red Rock Resorts, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.