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NASDAQ:RRR

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

$45.55
-0.03 (-0.07%)
(As of 03:52 PM ET)
Compare
Today's Range
$44.66
$45.65
50-Day Range
$41.94
$48.80
52-Week Range
$30.98
$49.81
Volume
232,429 shs
Average Volume
448,716 shs
Market Capitalization
$4.75 billion
P/E Ratio
13.68
Dividend Yield
2.20%
Price Target
$49.09

Red Rock Resorts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
8.1% Upside
$49.09 Price Target
Short Interest
Bearish
4.03% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Red Rock Resorts in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.64%
From $1.82 to $2.05 Per Share

Overall MarketRank

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

1.84 out of 5 stars

Consumer Discretionary Sector

226th out of 277 stocks

Hotels & Motels Industry

23rd out of 27 stocks


RRR stock logo

About Red Rock Resorts (NASDAQ:RRR) Stock

Red 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.

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RRR Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Red Rock Resorts Stock Scores RS Rating Rise To 83
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
See More Headlines
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RRR Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Last Earnings
5/04/2023
Today
5/31/2023
Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/08/2023
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
$49.09
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+7.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$205.46 million
Pretax Margin
25.10%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$3.45 per share
Book Value
$0.90 per share

Miscellaneous

Free Float
51,906,000
Market Cap
$4.75 billion
Optionable
Optionable
Beta
2.17

Social Links


Key Executives

  • Frank J. FertittaFrank J. Fertitta
    Chairman & Chief Executive Officer
  • Scott Kreeger
    President
  • Robert A. Finch
    Chief Operating Officer & Executive Vice President
  • Stephen Lawrence Cootey
    Chief Financial Officer, Treasurer & Executive VP
  • Jeffrey T. Welch
    Chief Legal Officer & Executive Vice President













RRR Stock - Frequently Asked Questions

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

10 Wall Street research 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 research 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 equities research analysts have issued 1-year price objectives for Red Rock Resorts' stock. Their RRR share price forecasts range from $36.00 to $56.00. On average, they predict the company's share price to reach $49.09 in the next twelve months. This suggests a possible upside of 7.7% 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 on January 1st, 2023. Since then, RRR shares have increased by 13.9% and is now trading at $45.58.
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) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.28. The business 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 revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.77 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, May 4th. Investors of record on Thursday, June 15th will be paid a dividend of $0.25 per share on Friday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, June 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 2.19%. 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 IPO 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 served 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 number of retail and institutional 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 State Street Corp (1.05%). 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 $45.58.

How much money does Red Rock Resorts make?

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.75 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 5/31/2023 by MarketBeat.com Staff

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