Red Rock Resorts - RRR Stock Forecast, Price & News

11 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 7 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.

11 equities research analysts have issued 12-month price objectives for Red Rock Resorts' stock. Their RRR share price forecasts range from $36.00 to $55.00. On average, they expect the company's stock price to reach $48.58 in the next twelve months. This suggests a possible upside of 14.0% 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 6.5% and is now trading at $42.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our RRR earnings forecast.

Red Rock Resorts, Inc. (NASDAQ:RRR) issued its earnings results on Tuesday, November, 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.40. The business had revenue of $414.77 million for the quarter, compared to the consensus estimate of $404.42 million. Red Rock Resorts had a trailing twelve-month return on equity of 798.37% and a net margin of 12.35%. During the same quarter in the previous year, the firm posted $0.56 EPS.

Red Rock Resorts announced a quarterly dividend on Tuesday, February 7th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.25 per share on Friday, March 31st. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for RRR.

ETFs with the largest weight of Red Rock Resorts (NASDAQ:RRR) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), Invesco Dynamic Leisure and Entertainment ETF (PEJ), 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), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.36%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 44.84% 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 $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."

Red Rock Resorts' stock is owned by a number of retail and institutional investors. Top institutional investors include Bamco Inc. NY (7.85%), Diamond Hill Capital Management Inc. (4.73%), Eminence Capital LP (1.54%), Macquarie Group Ltd. (1.18%), Franklin Resources Inc. (1.07%) and Geode Capital Management LLC (0.89%). Insiders that own company stock include Frank J Fertitta III, Lorenzo J Fertitta and Robert A Finch.
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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 $42.62.

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.44 billion and generates $1.66 billion in revenue each year. The company earns $205.46 million in net income (profit) each year or $3.35 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.