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Wall Street climbs to add more to its strong January
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S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
NASDAQ:RRR

Red Rock Resorts - RRR Stock Forecast, Price & News

$45.01
+1.56 (+3.59%)
(As of 01/31/2023 12:00 AM ET)
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Compare
Today's Range
$43.32
$45.12
50-Day Range
$38.97
$45.26
52-Week Range
$30.98
$54.29
Volume
379,721 shs
Average Volume
337,636 shs
Market Capitalization
$4.68 billion
P/E Ratio
14.24
Dividend Yield
2.23%
Price Target
$46.82

Red Rock Resorts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
4.0% Upside
$46.82 Price Target
Short Interest
Bearish
4.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Red Rock Resorts in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.53%
From $1.69 to $2.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Consumer Discretionary Sector

123rd out of 279 stocks

Hotels & Motels Industry

14th out of 26 stocks


RRR stock logo

About Red Rock Resorts (NASDAQ:RRR) Stock

Red Rock Resorts, Inc. is a holding company engaged in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet spaces, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.

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RRR Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Red Rock Resorts Remains Solid Long-Term Holding
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Is Red Rock Resorts (RRR)’s Stock Price Compelling?
Red Rock Resorts Announces Special Dividend
Red Rock Resorts: Q3 Earnings Snapshot
Recap: Red Rock Resorts Q3 Earnings
Red Rock Resorts Announces Third Quarter 2022 Results
Top Casino Stocks for Q4 2022
Red Rock Resorts a 'Compelling Growth Story,' - Jefferies
Where Red Rock Resorts Stands With Analysts
Las Vegas Casino Closing, Another Will Take Its Place
See More Headlines
Receive RRR Stock News and Ratings via Email

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RRR Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/9 Dividend
11/29/2022
Dividend Payable
12/09/2022
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Today
2/01/2023
Next Earnings (Confirmed)
2/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:RRR
Fax
N/A
Employees
7,800
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$46.82
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$241.85 million
Pretax Margin
23.02%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Cash Flow
$3.04 per share
Book Value
$0.47 per share

Miscellaneous

Free Float
51,806,000
Market Cap
$4.68 billion
Optionable
Optionable
Beta
2.16

Social Links


Key Executives

  • Frank J. FertittaFrank J. Fertitta
    Chairman & Chief Executive Officer
  • Scott Kreeger
    President
  • Robert A. Finch
    Chief Operating Officer & Executive Vice President
  • Stephen Lawrence Cootey
    Chief Financial Officer, Treasurer & Executive VP
  • Jeffrey T. Welch
    Chief Legal Officer & Executive Vice President













RRR Stock - Frequently Asked Questions

Should I buy or sell Red Rock Resorts stock right now?

10 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 6 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.

What is Red Rock Resorts' stock price forecast for 2023?

10 brokers have issued twelve-month price targets for Red Rock Resorts' stock. Their RRR share price forecasts range from $36.00 to $52.00. On average, they predict the company's share price to reach $46.82 in the next year. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for RRR
or view top-rated stocks among Wall Street analysts.

How have RRR shares performed in 2023?

Red Rock Resorts' stock was trading at $40.01 at the start of the year. Since then, RRR shares have increased by 12.5% and is now trading at $45.01.
View the best growth stocks for 2023 here
.

Are investors shorting Red Rock Resorts?

Red Rock Resorts saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,180,000 shares, an increase of 16.0% from the December 31st total of 1,880,000 shares. Based on an average daily trading volume, of 368,000 shares, the short-interest ratio is currently 5.9 days. Currently, 4.5% of the shares of the company are short sold.
View Red Rock Resorts' Short Interest
.

When is Red Rock Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our RRR earnings forecast
.

How can I listen to Red Rock Resorts' earnings call?

Red Rock Resorts will be holding an earnings conference call on Tuesday, February 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7369047".

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts, Inc. (NASDAQ:RRR) released its earnings results on Tuesday, November, 2nd. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.40. The company had revenue of $414.77 million for the quarter, compared to analyst estimates of $404.42 million. Red Rock Resorts had a net margin of 15.80% and a trailing twelve-month return on equity of 753.52%. During the same quarter in the prior year, the company posted $0.56 EPS.

How often does Red Rock Resorts pay dividends? What is the dividend yield for Red Rock Resorts?

Red Rock Resorts declared a None dividend on Monday, November 14th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $1.00 per share on Friday, December 9th. This represents a dividend yield of 9.41%. The ex-dividend date of this dividend is Tuesday, November 29th.
Read our dividend analysis for RRR
.

Is Red Rock Resorts a good dividend stock?

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 49.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRR.

What is Frank J. Fertitta III's approval rating as Red Rock Resorts' CEO?

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.

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

When did Red Rock Resorts IPO?

(RRR) raised $532 million in an initial public offering (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 a number of institutional and retail investors. Top institutional shareholders include Comerica Bank (0.25%), New York State Common Retirement Fund (0.08%), Strs Ohio (0.02%), Versor Investments LP (0.01%), Connable Office Inc. (0.01%) and Dupont Capital Management Corp (0.01%). Insiders that own company stock include Frank J Fertitta III, Lorenzo J Fertitta and Robert A Finch.
View institutional ownership trends
.

How do I buy shares of Red Rock Resorts?

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.
Compare Top Brokerages Here.

What is Red Rock Resorts' stock price today?

One share of RRR stock can currently be purchased for approximately $45.01.

How much money does Red Rock Resorts make?

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.68 billion and generates $1.62 billion in revenue each year. The company earns $241.85 million in net income (profit) each year or $3.16 on an earnings per share basis.

How many employees does Red Rock Resorts have?

The company employs 7,800 workers across the globe.

Does Red Rock Resorts have any subsidiaries?
The following companies are subsidiares of Red Rock Resorts: Amphenol Phoenix (Anji) Telecom Parts Co. Ltd..
Read More
How can I contact Red Rock Resorts?

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.

This page (NASDAQ:RRR) was last updated on 2/1/2023 by MarketBeat.com Staff