NASDAQ:RRR

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

$58.93
+0.57 (+0.98%)
(As of 04/23/2024 ET)
Today's Range
$58.22
$59.44
50-Day Range
$55.02
$62.48
52-Week Range
$37.82
$63.28
Volume
270,193 shs
Average Volume
391,009 shs
Market Capitalization
$6.20 billion
P/E Ratio
19.98
Dividend Yield
1.70%
Price Target
$61.25

Red Rock Resorts MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
4.6% Upside
$61.67 Price Target
Short Interest
Healthy
3.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.67mentions of Red Rock Resorts in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$434,205 Sold Last Quarter
Proj. Earnings Growth
11.92%
From $1.93 to $2.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Consumer Discretionary Sector

95th out of 266 stocks

Hotels & Motels Industry

14th out of 26 stocks

RRR stock logo

About Red Rock Resorts Stock (NASDAQ:RRR)

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market. 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 Stock Price History

RRR Stock News Headlines

One trade. One ticker. One week.
Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week?
Red Rock Resorts (NASDAQ:RRR) PT Raised to $64.00 at Barclays
One trade. One ticker. One week.
Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week?
Expert Outlook: Red Rock Resorts Through The Eyes Of 12 Analysts
Here’s Why Red Rock Resorts (RRR) Rose in Q4
UBSFY or RRR: Which Is the Better Value Stock Right Now?
RRR: An Update As The Shares Rise To New Highs
See 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.

Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/4 Dividend
2/21/2024
Dividend Payable
3/04/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Resorts & Casinos
Sub-Industry
N/A
Current Symbol
NASDAQ:RRR
Fax
N/A
Employees
9,385
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$61.67
High Stock Price Target
$69.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$176 million
Pretax Margin
22.08%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$3.02 per share
Book Value
$2.33 per share

Miscellaneous

Free Float
48,176,000
Market Cap
$6.20 billion
Optionable
Optionable
Beta
2.06

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

RRR Stock Analysis - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

12 Wall Street research analysts have issued 1-year target prices for Red Rock Resorts' shares. Their RRR share price targets range from $53.00 to $69.00. On average, they anticipate the company's stock price to reach $61.67 in the next twelve months. This suggests a possible upside of 4.6% 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 2024?

Red Rock Resorts' stock was trading at $53.33 at the start of the year. Since then, RRR shares have increased by 10.5% and is now trading at $58.93.
View the best growth stocks for 2024 here
.

When is Red Rock Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our RRR earnings forecast
.

How can I listen to Red Rock Resorts' earnings call?

Red Rock Resorts will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "1775004".

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts, Inc. (NASDAQ:RRR) posted its quarterly earnings data on Wednesday, February, 7th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.55. The company had revenue of $462.71 million for the quarter, compared to analyst estimates of $440.75 million. Red Rock Resorts had a net margin of 10.21% and a trailing twelve-month return on equity of 114.32%. Red Rock Resorts's revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS.

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 Wednesday, February 7th. Shareholders of record on Friday, March 15th will be given a dividend of $0.25 per share on Friday, March 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, March 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 1.71%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 46.30% 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 Xtrackers California Municipal Bond ETF (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?

Red Rock Resorts (RRR) raised $532 million in an initial public offering (IPO) 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.

Who are Red Rock Resorts' major shareholders?

Red Rock Resorts' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.90%). Insiders that own company stock include Robert A Finch and Stephen Lawrence Cootey.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:RRR) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners