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NASDAQ:RRR

Red Rock Resorts Stock Forecast, Price & News

$22.30
+0.17 (+0.77 %)
(As of 11/27/2020 05:00 PM ET)
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Compare
Today's Range
$21.97
Now: $22.30
$22.67
50-Day Range
$17.65
MA: $19.89
$22.73
52-Week Range
$2.76
Now: $22.30
$27.91
Volume450,934 shs
Average Volume1.85 million shs
Market Capitalization$2.62 billion
P/E RatioN/A
Dividend Yield0.90%
Beta2.74
Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. It operates approximately 20,400 slot machines, 375 table games, and 5,000 hotel rooms. 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.
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Red Rock Resorts logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.43 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
Current SymbolNASDAQ:RRR
CUSIPN/A
Phone702-495-3000
Employees14,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.86 billion
Cash Flow$2.43 per share
Book Value$6.67 per share

Profitability

Net Income$-3,350,000.00

Miscellaneous

Market Cap$2.62 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$22.30
+0.17 (+0.77 %)
(As of 11/27/2020 05:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Red Rock Resorts (NASDAQ:RRR) Frequently Asked Questions

How has Red Rock Resorts' stock been impacted by COVID-19?

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RRR shares have increased by 97.5% and is now trading at $22.30.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Red Rock Resorts?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Red Rock Resorts
.

What stocks does MarketBeat like better than Red Rock Resorts?

Wall Street analysts have given Red Rock Resorts a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Red Rock Resorts wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Red Rock Resorts' next earnings date?

Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Red Rock Resorts
.

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts Inc (NASDAQ:RRR) issued its quarterly earnings data on Tuesday, October, 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.41. The business had revenue of $353.18 million for the quarter, compared to the consensus estimate of $275.56 million. Red Rock Resorts had a negative return on equity of 7.41% and a negative net margin of 16.61%.
View Red Rock Resorts' earnings history
.

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 Tuesday, February 4th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.10 per share on Friday, March 27th. This represents a $0.40 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, March 12th.
View Red Rock Resorts' dividend history
.

What price target have analysts set for RRR?

8 brokers have issued 12-month target prices for Red Rock Resorts' shares. Their forecasts range from $14.00 to $30.00. On average, they anticipate Red Rock Resorts' share price to reach $21.18 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Red Rock Resorts
.

Are investors shorting Red Rock Resorts?

Red Rock Resorts saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 3,550,000 shares, a drop of 17.4% from the October 15th total of 4,300,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 5.9% of the shares of the stock are sold short.
View Red Rock Resorts' Short Interest
.

Who are some of Red Rock Resorts' key competitors?

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), The Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), Chipotle Mexican Grill (CMG), Eldorado Resorts (ERI) and Delta Air Lines (DAL).

Who are Red Rock Resorts' key executives?

Red Rock Resorts' management team includes the following people:
  • Mr. Frank J. Fertitta III, Chairman & CEO (Age 58, Pay $1.95M)
  • Mr. Stephen Cootey, Exec. VP, CFO & Treasurer (Age 51, Pay $1.63M)
  • Mr. Robert A. Finch, Exec. VP & COO (Age 60, Pay $1.27M)
  • Mr. Jeffrey T. Welch, Exec. VP & Chief Legal Officer (Age 58, Pay $1.52M)
  • Mr. Daniel P. Foley, VP of Fin. & Investor Relations
  • Mr. Rodney S. Atamian, Exec. VP of Devel. & Strategy

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 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 many different institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (5.56%), Zeke Capital Advisors LLC (5.46%), BlackRock Inc. (3.94%), Arrowstreet Capital Limited Partnership (1.35%), State Street Corp (1.12%) and Charles Schwab Investment Management Inc. (0.56%). 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
.

Which major investors are selling Red Rock Resorts stock?

RRR stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., BlackRock Inc., New York State Common Retirement Fund, Diamond Hill Capital Management Inc., State Street Corp, Mackay Shields LLC, Engineers Gate Manager LP, and Thrivent Financial for Lutherans.
View insider buying and selling activity for Red Rock Resorts
.

Which major investors are buying Red Rock Resorts stock?

RRR stock was bought by a variety of institutional investors in the last quarter, including Zeke Capital Advisors LLC, Arrowstreet Capital Limited Partnership, Connor Clark & Lunn Investment Management Ltd., North Fourth Asset Management LP, Morgan Stanley, Voloridge Investment Management LLC, Jabodon PT Co., and Franklin Street Capital Partners LLC. 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
.

How do I buy shares of 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.

What is Red Rock Resorts' stock price today?

One share of RRR stock can currently be purchased for approximately $22.30.

How big of a company is Red Rock Resorts?

Red Rock Resorts has a market capitalization of $2.62 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.

What is Red Rock Resorts' official website?

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

How can I contact Red Rock Resorts?

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]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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