Red Rock Resorts Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Red Rock Resorts stock.
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Wall Street analysts have given Red Rock Resorts a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Red Rock Resorts wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Red Rock Resorts.

Red Rock Resorts, Inc. (NASDAQ:RRR) released its quarterly earnings data on Wednesday, July, 28th. The company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.80. The business had revenue of $428.16 million for the quarter, compared to the consensus estimate of $370.83 million. Red Rock Resorts had a trailing twelve-month return on equity of 41.53% and a net margin of 6.45%.
View Red Rock Resorts' earnings history.

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RRR shares have increased by 316.3% and is now trading at $47.00.
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11 analysts have issued 1-year price objectives for Red Rock Resorts' shares. Their forecasts range from $20.00 to $62.00. On average, they anticipate Red Rock Resorts' share price to reach $42.45 in the next year. This suggests that the stock has a possible downside of 9.7%.
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197 employees have rated Red Rock Resorts CEO Frank J. Fertitta III on Glassdoor.com. Frank J. Fertitta III has an approval rating of 86% among Red Rock Resorts' employees.

Some companies that are related to Red Rock Resorts include MGM Resorts International (MGM), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Penn National Gaming (PENN), Wynn Resorts (WYNN), Hyatt Hotels (H), Boyd Gaming (BYD), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Melco Resorts & Entertainment (MLCO), Travel + Leisure (TNL), Park Hotels & Resorts (PK), Sunstone Hotel Investors (SHO), Xenia Hotels & Resorts (XHR) and Bally's (BALY).
View all of RRR's competitors.

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).

(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.

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

Red Rock Resorts' stock is owned by a variety of institutional and retail investors. Top institutional investors include Bamco Inc. NY (6.54%), Vanguard Group Inc. (5.39%), Diamond Hill Capital Management Inc. (4.21%), BlackRock Inc. (3.44%), Massachusetts Financial Services Co. MA (2.37%) and Franklin Resources Inc. (1.17%). Company insiders that own Red Rock Resorts stock include Frank J Fertitta III 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 BlackRock Inc., Diamond Hill Capital Management Inc., Kettle Hill Capital Management LLC, Morgan Stanley, Morgan Stanley, Fuller & Thaler Asset Management Inc., Bank of America Corp DE, and Nuveen Asset Management LLC.
View insider buying and selling activity for Red Rock Resorts or view top insider-selling stocks.

RRR stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Invesco Ltd., Balyasny Asset Management LLC, Bamco Inc. NY, Prudential Financial Inc., PEAK6 Investments LLC, First Trust Advisors LP, and Lisanti Capital Growth 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 or or view top insider-buying stocks.

Shares of RRR 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 $47.00.

Red Rock Resorts has a market capitalization of $5.47 billion and generates $1.18 billion in revenue each year. The company earns $-150,400,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis.

Red Rock Resorts employs 7,600 workers across the globe.

Red Rock Resorts was founded in 2006.

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

Red Rock Resorts is headquartered at 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV, 89135.

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].