NASDAQ:RRRRed Rock Resorts Stock Price, Forecast & News

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RRR shares have increased by 22.2% and is now trading at $13.80. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Red Rock Resorts.

Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Red Rock Resorts.

Red Rock Resorts Inc (NASDAQ:RRR) announced its quarterly earnings results on Tuesday, May, 19th. The company reported ($2.18) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.13 by $2.31. The company earned $377.40 million during the quarter, compared to analysts' expectations of $393.43 million. Red Rock Resorts had a negative net margin of 9.34% and a positive return on equity of 4.27%. Red Rock Resorts's quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. View Red Rock Resorts' earnings history.

Red Rock Resorts announced a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, March 13th will be given a dividend of $0.10 per share on Friday, March 27th. This represents a $0.40 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 12th. View Red Rock Resorts' dividend history.

9 equities research analysts have issued twelve-month price objectives for Red Rock Resorts' shares. Their forecasts range from $13.00 to $30.00. On average, they anticipate Red Rock Resorts' stock price to reach $18.11 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price. View analysts' price targets for Red Rock Resorts.

Press coverage about RRR stock has been trending somewhat positive this week, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Red Rock Resorts earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutRed Rock Resorts.

Red Rock Resorts saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,710,000 shares, an increase of 47.8% from the April 30th total of 2,510,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 5.7% of the shares of the company are sold short. View Red Rock Resorts' Current Options Chain.

Some companies that are related to Red Rock Resorts include Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Penn National Gaming (PENN), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Boyd Gaming (BYD), Park Hotels & Resorts (PK), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), GreenTree Hospitality Group (GHG), Studio City International (MSC), Xenia Hotels & Resorts (XHR), Monarch Casino & Resort (MCRI) and Twin River Worldwide (TRWH). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Rock Resorts investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Transocean (RIG), Aegean Marine Petroleum Network (ANW) and Zoetis (ZTS).

(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 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.

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

Red Rock Resorts' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (5.71%), Cohen & Steers Inc. (4.69%), BlackRock Inc. (4.19%), Schroder Investment Management Group (2.15%), Eminence Capital LP (2.01%) and JPMorgan Chase & Co. (1.84%). Company insiders that own Red Rock Resorts stock include Frank J Fertitta III, Joseph J Hasson and Lorenzo J Fertitta. View institutional ownership trends for Red Rock Resorts.

RRR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Thrivent Financial for Lutherans, Wellington Management Group LLP, Schroder Investment Management Group, Nuveen Asset Management LLC, Serengeti Asset Management LP, Crystal Rock Capital Management, and Diamond Hill Capital Management Inc.. View insider buying and selling activity for Red Rock Resorts.

RRR stock was bought by a variety of institutional investors in the last quarter, including Eminence Capital LP, Par Capital Management Inc., Cohen & Steers Inc., BlackRock Inc., Trexquant Investment LP, Balyasny Asset Management LLC, Geode Capital Management LLC, and Dynamic Technology Lab Private Ltd. Company insiders that have bought Red Rock Resorts stock in the last two years include Frank J Fertitta III, and Lorenzo J Fertitta. View insider buying and selling activity for Red Rock Resorts.

Shares of RRR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RRR stock can currently be purchased for approximately $13.80.

Red Rock Resorts has a market capitalization of $1.62 billion and generates $1.86 billion in revenue each year. The company earns $-3,350,000.00 in net income (profit) each year or $0.18 on an earnings per share basis. Red Rock Resorts employs 14,000 workers across the globe.

The official website for Red Rock Resorts is www.redrockresorts.com.

Red Rock Resorts' mailing address is 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV, 89135. The company can be reached via phone at 702-495-3000 or via email at [email protected]