About Red Rock Resorts (NASDAQ:RRR)
Red Rock Resorts, Inc. is a gaming, development and management company. The Company's segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements. It provides gaming and entertainment for residents of the Las Vegas regional market and visitors. Its Las Vegas portfolio includes approximately 10 gaming and entertainment facilities and over 10 smaller casinos, offering approximately 20,300 slot machines, over 350 table games and approximately 4,750 hotel rooms. The Company offers a range of gaming and non-gaming entertainment options. It also controls over seven gaming-entitled development sites consisting of approximately 398 acres in Las Vegas and Reno, Nevada. The Company manages and owns interest in Station Casinos LLC, which is the provider of gaming and entertainment.
Industry, Sector and Symbol
Industry LEISURE SERVICES
Trailing P/E Ratio71.9285714285714
Forward P/E Ratio25.39
Sales & Book Value
Annual Sales$1.62 billion
Price / Sales2.17
Cash Flow$1.97 per share
Price / Cash15.34
Book Value$5.49 per share
Price / Book5.50
Net Income$35.15 million
Return on Equity16.11%
Return on Assets2.72%
Red Rock Resorts (NASDAQ:RRR) Frequently Asked Questions
What is Red Rock Resorts' stock symbol?
Red Rock Resorts trades on the NASDAQ under the ticker symbol "RRR."
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 Friday, February 23rd. Investors of record on Thursday, March 15th will be paid a dividend of $0.10 per share on Friday, March 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, March 14th. View Red Rock Resorts' Dividend History.
How were Red Rock Resorts' earnings last quarter?
Red Rock Resorts Inc (NASDAQ:RRR) released its quarterly earnings results on Tuesday, February, 27th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The company earned $394.02 million during the quarter, compared to analyst estimates of $406.75 million. Red Rock Resorts had a net margin of 2.18% and a return on equity of 16.11%. View Red Rock Resorts' Earnings History.
When will Red Rock Resorts make its next earnings announcement?
Where is Red Rock Resorts' stock going? Where will Red Rock Resorts' stock price be in 2018?
7 brokerages have issued 12 month target prices for Red Rock Resorts' shares. Their predictions range from $26.00 to $38.00. On average, they expect Red Rock Resorts' share price to reach $31.86 in the next twelve months. View Analyst Ratings for Red Rock Resorts.
Who are some of Red Rock Resorts' key competitors?
Some companies that are related to Red Rock Resorts include International Game Technology (IGT), Madison Square Garden (MSG), SJM (SJMHF), Merlin Entertainme (MERLY), Six Flags Entertainment (SIX), Choice Hotels (CHH), Ladbrokes Coral Group (LDCOY), Cinemark (CNK), Hilton Grand Vacations (HGV), Interval Leisure Group (ILG), The Stars Group (TSG), William Hill (WIMHY), Planet Fitness (PLNT), Boyd Gaming (BYD), Extended Stay America (STAY), Marriott Vacations Worldwide (VAC), Cedar Fair Entertainment (FUN) and Churchill Downs (CHDN).
Who are Red Rock Resorts' key executives?
Red Rock Resorts' management team includes the folowing people:
- Frank J. Fertitta III, Chairman of the Board, Chief Executive Officer (Age 55)
- Richard J. Haskins, President (Age 53)
- Marc J. Falcone, Chief Financial Officer, Executive Vice President, Treasurer (Age 44)
- Daniel J. Roy, Chief Operating Officer, Executive Vice President (Age 57)
- Stephen L. Cootey, Executive Vice President, Chief Administrative Officer (Age 48)
- James E. Nave, Lead Independent Director (Age 72)
- Robert A. Cashell Sr., Independent Director (Age 51)
- Lorenzo J. Fertitta, Independent Director (Age 48)
- Robert E. Lewis, Independent Director (Age 71)
When did Red Rock Resorts IPO?
(RRR) raised $532 million in an initial public offering 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 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.
Has Red Rock Resorts been receiving favorable news coverage?
Media stories about RRR stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Rock Resorts earned a daily sentiment score of 0.24 on Accern's scale. They also gave press coverage about the company an impact score of 47.06 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Red Rock Resorts' major shareholders?
Red Rock Resorts' stock is owned by a number of of institutional and retail investors. Top institutional investors include Bamco Inc. NY (6.95%), BlackRock Inc. (3.65%), Teachers Advisors LLC (1.67%), TIAA CREF Investment Management LLC (1.23%), Victory Capital Management Inc. (1.08%) and Goldman Sachs Group Inc. (0.93%). View Institutional Ownership Trends for Red Rock Resorts.
Which institutional investors are selling Red Rock Resorts stock?
RRR stock was sold by a variety of institutional investors in the last quarter, including North Run Capital LP, Schroder Investment Management Group, Eagle Asset Management Inc., Bank of New York Mellon Corp, Penn Capital Management Co. Inc., SG Americas Securities LLC, Rhumbline Advisers and Pier Capital LLC. View Insider Buying and Selling for Red Rock Resorts.
Which institutional investors are buying Red Rock Resorts stock?
RRR stock was bought by a variety of institutional investors in the last quarter, including Teachers Advisors LLC, Millennium Management LLC, Bamco Inc. NY, Lomas Capital Management LLC, TIAA CREF Investment Management LLC, Victory Capital Management Inc., Alliancebernstein L.P. and Geode Capital Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Red Rock Resorts' stock price today?
One share of RRR stock can currently be purchased for approximately $30.21.
How big of a company is Red Rock Resorts?
Red Rock Resorts has a market capitalization of $3.63 billion and generates $1.62 billion in revenue each year. The company earns $35.15 million in net income (profit) each year or $0.42 on an earnings per share basis. Red Rock Resorts employs 13,540 workers across the globe.
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]
MarketBeat Community Rating for Red Rock Resorts (RRR)MarketBeat's community ratings are surveys of what our community members think about Red Rock Resorts and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Red Rock Resorts (NASDAQ:RRR) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.57||2.86||2.89||2.82|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$31.86||$30.33||$29.56||$26.25|
|Price Target Upside: ||5.45% upside||9.26% downside||11.57% downside||16.25% upside|
Red Rock Resorts (NASDAQ:RRR) Consensus Price Target History
Red Rock Resorts (NASDAQ:RRR) Analyst Ratings History
(Data available from 3/23/2016 forward)
Red Rock Resorts (NASDAQ:RRR) Earnings History and Estimates Chart
Red Rock Resorts (NASDAQ RRR) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/27/2018||Q4 2017||$0.26||$0.33||$406.75 million||$394.02 million||View||N/A|
|11/7/2017||Q3 2017||$0.18||$0.18||$391.48 million||$400.37 million||View||N/A|
|8/8/2017||Q2 2017||$0.29||$0.56||$406.44 million||$403.49 million||View||N/A|
|5/4/2017||Q1 2017||$0.37||$0.30||$402.88 million||$417.73 million||View||Listen|
|3/7/2017||Q4 2016||$0.34||$0.37||$396.04 million||$394.60 million||View||Listen|
|11/7/2016||Q3||$0.26||$0.20||$335.42 million||$347.10 million||View||N/A|
|8/15/2016||Q216||$0.40||$0.01||$350.07 million||$351.50 million||View||Listen|
Red Rock Resorts (NASDAQ:RRR) Earnings Estimates
2018 EPS Consensus Estimate: $1.17
2019 EPS Consensus Estimate: $1.66
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Red Rock Resorts (NASDAQ:RRR) Dividend Information
|Payout Ratio:||95.24% (Trailing 12 Months of Earnings) |
33.61% (Based on This Year's Estimates)
24.24% (Based on Next Year's Estimates)
Red Rock Resorts (NASDAQ:RRR) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Red Rock Resorts (NASDAQ RRR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 40.89%
Institutional Ownership Percentage: 63.22%
Red Rock Resorts (NASDAQ RRR) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|10/10/2017||Richard J Haskins||President||Buy||687||$23.46||$16,117.02|| |
Red Rock Resorts (NASDAQ RRR) News Headlines
|$411.13 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - March 15 at 7:40 AM
|Telsey Advisory Group Begins Coverage on Red Rock Resorts (RRR)|
www.americanbankingnews.com - March 13 at 6:22 PM
|Red Rock Resorts Inc (RRR) Expected to Announce Earnings of $0.37 Per Share|
www.americanbankingnews.com - March 13 at 12:03 PM
|What Should We Expect From Red Rock Resorts Inc’s (NASDAQ:RRR) Earnings Over The Next Few Years?|
finance.yahoo.com - March 10 at 5:33 PM
|Red Rock Resorts Inc Declares Quarterly Dividend of $0.10 (RRR)|
www.americanbankingnews.com - March 9 at 12:51 PM
|Rental and Leasing Services Stocks' Research Reports Released on Aaron's, Air Lease, Red Rock Resorts, and Triton|
www.bizjournals.com - March 9 at 9:42 AM
|Red Rock Resorts Inc (RRR) Forecasted to Post FY2019 Earnings of $1.75 Per Share|
www.americanbankingnews.com - March 5 at 8:50 AM
|Swiss National Bank Has $3.92 Million Holdings in Red Rock Resorts Inc (RRR)|
www.americanbankingnews.com - March 4 at 8:23 AM
|BRIEF-Red Rock Resorts Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed|
www.reuters.com - March 3 at 9:11 AM
|Red Rock Resorts Inc (RRR) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - March 3 at 3:54 AM
|Equities Analysts Set Expectations for Red Rock Resorts Inc's FY2018 Earnings (RRR)|
www.americanbankingnews.com - March 2 at 1:00 PM
|Red Rock Resorts Inc to Post Q2 2018 Earnings of $0.24 Per Share, SunTrust Banks Forecasts (RRR)|
www.americanbankingnews.com - March 2 at 10:06 AM
|JPMorgan Says Right Now Is the Time to Buy Top Gaming Stocks|
www.marketwatch.com - March 2 at 9:07 AM
|Red Rock Resorts Inc (RRR) Files 10-K for the Fiscal Year Ended on December 31, 2017|
finance.yahoo.com - March 1 at 5:00 PM
|FY2018 Earnings Estimate for Red Rock Resorts Inc Issued By Gabelli (RRR)|
www.americanbankingnews.com - March 1 at 11:28 AM
|SunTrust Banks Weighs in on Red Rock Resorts Inc's Q1 2018 Earnings (RRR)|
www.americanbankingnews.com - March 1 at 7:14 AM
|Gabelli Comments on Red Rock Resorts Inc's FY2022 Earnings (RRR)|
www.americanbankingnews.com - February 28 at 4:51 PM
|Red Rock Resorts beats by $0.07, misses on revenue|
seekingalpha.com - February 28 at 9:09 AM
|Red Rock Resorts Inc (RRR) Holdings Boosted by Schwab Charles Investment Management Inc.|
www.americanbankingnews.com - February 28 at 5:44 AM
|Red Rock Resorts Announces Fourth Quarter and Year End 2017 Results|
finance.yahoo.com - February 27 at 5:12 PM
|Red Rock Resorts Target of Unusually Large Options Trading (RRR)|
www.americanbankingnews.com - February 27 at 8:38 AM
|Red Rock Resorts Inc (RRR) Expected to Announce Quarterly Sales of $406.75 Million|
www.americanbankingnews.com - February 26 at 8:56 AM
|Red Rock Resorts (RRR) Set to Announce Earnings on Monday|
www.americanbankingnews.com - February 26 at 3:38 AM
|Red Rock Resorts Inc (RRR) Shares Sold by Schroder Investment Management Group|
www.americanbankingnews.com - February 25 at 6:52 AM
|Red Rock Resorts (RRR) Rating Lowered to Hold at Stifel Nicolaus|
www.americanbankingnews.com - February 24 at 5:54 PM
|$0.26 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - February 24 at 9:26 AM
|Red Rock Resorts' Valuation Presents A Level Of Asymmetric Downside Risk; Stifel Downgrades|
finance.yahoo.com - February 23 at 5:07 PM
|Stock Traders Purchase High Volume of Call Options on Red Rock Resorts (RRR)|
www.americanbankingnews.com - February 20 at 6:56 AM
|Red Rock Resorts (RRR) Upgraded to "Hold" by Zacks Investment Research|
www.americanbankingnews.com - February 19 at 11:54 PM
|BidaskClub Downgrades Red Rock Resorts (RRR) to Hold|
www.americanbankingnews.com - February 19 at 1:25 PM
|CNBC puts Colorado's Riot Blockchain under the microscope (Video)|
www.bizjournals.com - February 18 at 8:53 AM
|Red Rock Resorts (RRR) Upgraded by ValuEngine to Buy|
www.americanbankingnews.com - February 17 at 1:46 PM
|Bullish Options Activity in Red Rock Resorts (RRR) Targets 10.5% in Shares Ahead of Q4 Earnings Announcement on 3/6 AMC -Susquehanna|
www.streetinsider.com - February 17 at 8:49 AM
|Red Rock stoked by Deutsche Bank confidence|
seekingalpha.com - February 17 at 8:49 AM
|Report: Developing Opportunities within Convergys, Univar, The Middleby, ServiceMaster Global, Red Rock Resorts, and Realty Income — Future Expectations, Projections Moving into 2018|
finance.yahoo.com - February 7 at 9:22 AM
|SunTrust Banks Weighs in on Red Rock Resorts Inc's Q4 2017 Earnings (RRR)|
www.americanbankingnews.com - February 6 at 8:28 AM
|Red Rock Resorts Inc (RRR) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - February 6 at 3:52 AM
|Red Rock Resorts (RRR) Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - January 24 at 1:22 PM
|Red Rock Resorts Inc (RRR) Expected to Post Earnings of $0.25 Per Share|
www.americanbankingnews.com - January 21 at 11:22 AM
|Red Rock Resorts Inc (RRR) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - January 12 at 4:12 AM
|$406.75 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - January 6 at 3:54 AM
|Red Rock Resorts (RRR) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - January 4 at 3:00 PM
|ValuEngine Upgrades Red Rock Resorts (RRR) to "Buy"|
www.americanbankingnews.com - January 1 at 12:04 PM
|ETFs with exposure to Red Rock Resorts, Inc. : December 29, 2017|
finance.yahoo.com - December 29 at 3:28 PM
|Red Rock Resorts Inc (RRR) Expected to Announce Quarterly Sales of $408.86 Million|
www.americanbankingnews.com - December 21 at 3:00 PM
|Red Rock Resorts (RRR) Rating Reiterated by Deutsche Bank|
www.americanbankingnews.com - December 21 at 1:42 PM
|Free Research Report as Red Rock Resorts’ Revenue Grew 15.3%|
finance.yahoo.com - December 21 at 9:28 AM
|Red Rock Resorts Inc (RRR) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - December 18 at 3:50 AM
|ETFs with exposure to Red Rock Resorts, Inc. : December 15, 2017|
finance.yahoo.com - December 15 at 3:32 PM
|Zacks: Analysts Expect Red Rock Resorts Inc (RRR) Will Announce Quarterly Sales of $408.86 Million|
www.americanbankingnews.com - December 2 at 3:44 AM
Red Rock Resorts (NASDAQ:RRR) SEC Filings
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Red Rock Resorts (NASDAQ:RRR) Income Statement, Balance Sheet and Cash Flow Statement
Red Rock Resorts (NASDAQ RRR) Stock Chart for Friday, March, 23, 2018