NASDAQ:RRR Red Rock Resorts - RRR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Red Rock Resorts, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $43.45 +0.49 (+1.14%) (As of 03/29/2023 11:58 AM ET) Add Compare Share Share Today's Range$43.18▼$43.5850-Day Range$41.53▼$48.4852-Week Range$30.98▼$50.55Volume71,372 shsAverage Volume429,671 shsMarket Capitalization$4.52 billionP/E Ratio12.97Dividend Yield2.30%Price Target$48.58 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Red Rock Resorts MarketRank™ ForecastAnalyst RatingModerate Buy2.64 Rating ScoreUpside/Downside11.8% Upside$48.58 Price TargetShort InterestHealthy4.14% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.17Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth19.89%From $1.86 to $2.23 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.54 out of 5 starsConsumer Discretionary Sector54th out of 262 stocksHotels & Motels Industry8th out of 25 stocks 2.3 Analyst's Opinion Consensus RatingRed Rock Resorts has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.58, Red Rock Resorts has a forecasted upside of 11.8% from its current price of $43.45.Amount of Analyst CoverageRed Rock Resorts has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.14% of the float of Red Rock Resorts has been sold short.Short Interest Ratio / Days to CoverRed Rock Resorts has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in Red Rock Resorts has recently decreased by 0.49%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldRed Rock Resorts pays a meaningful dividend of 2.37%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthRed Rock Resorts has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Red Rock Resorts is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Red Rock Resorts will have a dividend payout ratio of 44.84% next year. This indicates that Red Rock Resorts will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RRR. Previous Next 2.9 News and Social Media Coverage News SentimentRed Rock Resorts has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Red Rock Resorts this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 2 people have added Red Rock Resorts to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Red Rock Resorts insiders have not sold or bought any company stock.Percentage Held by Insiders50.18% of the stock of Red Rock Resorts is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions52.45% of the stock of Red Rock Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Red Rock Resorts are expected to grow by 19.89% in the coming year, from $1.86 to $2.23 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Red Rock Resorts is 12.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.84.Price to Earnings Ratio vs. SectorThe P/E ratio of Red Rock Resorts is 12.97, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.68.Price to Earnings Growth RatioRed Rock Resorts has a PEG Ratio of 19.89. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioRed Rock Resorts has a P/B Ratio of 140.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Red Rock Resorts (NASDAQ:RRR) StockRed 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.Read More Receive RRR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Red Rock Resorts and its competitors with MarketBeat's FREE daily newsletter. Email Address RRR Stock News HeadlinesMarch 16, 2023 | forbes.comRed Rock Resorts Buy Write Lays Down Bet In Quest For 66% Five-Week Annualized ReturnMarch 9, 2023 | finance.yahoo.comWhy Is Red Rock Resorts (RRR) Down 2.8% Since Last Earnings Report?March 29, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!February 11, 2023 | finance.yahoo.comRed Rock Resorts (NASDAQ:RRR) Is Due To Pay A Dividend Of $0.25February 9, 2023 | finance.yahoo.comRed Rock Resorts, Inc. (NASDAQ:RRR) Q4 2022 Earnings Call TranscriptFebruary 9, 2023 | markets.businessinsider.comStifel Nicolaus Keeps Their Hold Rating on Red Rock Resorts (RRR)February 8, 2023 | msn.comRed Rock Resorts declares $0.25 dividendFebruary 7, 2023 | msn.comRed Rocks Resorts tops estimates despite a drop in casino revenueMarch 29, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!February 7, 2023 | finance.yahoo.comRed Rock Resorts Announces Fourth Quarter and Full Year 2022 ResultsFebruary 6, 2023 | msn.comRed Rock Resorts's Earnings: A PreviewFebruary 2, 2023 | seekingalpha.comRed Rock Resorts: A Competitive Price With Potential For Further OptimizationFebruary 1, 2023 | finance.yahoo.comMonarch Casino (MCRI) to Report Q4 Results: Wall Street Expects Earnings GrowthFebruary 1, 2023 | finance.yahoo.comWhy Red Rock Resorts (RRR) Could Beat Earnings Estimates AgainJanuary 11, 2023 | seekingalpha.comRed Rocks Resorts stock loses bull rating at Truist on valuation callDecember 14, 2022 | forbes.comLaying Down Another Bet On Red Rock Resorts With Buy WriteDecember 14, 2022 | finance.yahoo.comImplied Volatility Surging for Red Rock Resorts (RRR) Stock OptionsDecember 12, 2022 | finance.yahoo.comThose who invested in Red Rock Resorts (NASDAQ:RRR) three years ago are up 102%November 25, 2022 | finance.yahoo.comInvestors Shouldn't Overlook Red Rock Resorts' (NASDAQ:RRR) Impressive Returns On CapitalNovember 23, 2022 | seekingalpha.comRed Rock Resorts Remains Solid Long-Term HoldingNovember 22, 2022 | finance.yahoo.comIs Red Rock Resorts (RRR)’s Stock Price Compelling?November 14, 2022 | finance.yahoo.comRed Rock Resorts Announces Special DividendNovember 9, 2022 | finance.yahoo.comRed Rock Resorts Third Quarter 2022 Earnings: Beats ExpectationsNovember 4, 2022 | finance.yahoo.comRed Rock Resorts, Inc. (NASDAQ:RRR) Shares Could Be 49% Below Their Intrinsic Value EstimateOctober 30, 2022 | seekingalpha.comRed Rock Resorts, Inc. (RRR) Q3 2022 Earnings Call TranscriptOctober 27, 2022 | finance.yahoo.comRed Rock Resorts (RRR) Surpasses Q3 Earnings and Revenue EstimatesOctober 27, 2022 | apnews.comRed Rock Resorts: Q3 Earnings SnapshotSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RRR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Red Rock Resorts and its competitors with MarketBeat's FREE daily newsletter. Email Address RRR Company Calendar Last Earnings11/02/2021Ex-Dividend for 12/30 Dividend12/14/2022Dividend Payable12/30/2022Ex-Dividend for 3/31 Dividend3/14/2023Today3/29/2023Dividend Payable3/31/2023Next Earnings (Estimated)5/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Hotels & motels Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:RRR CUSIPN/A CIK1653653 Webwww.redrockresorts.com Phone(702) 495-3000FaxN/AEmployees7,850Year Founded2006Price Target and Rating Average Stock Price Forecast$48.58 High Stock Price Forecast$55.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+13.1%Consensus RatingModerate Buy Rating Score (0-4)2.64 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$3.35 Trailing P/E Ratio12.82 Forward P/E Ratio23.10 P/E Growth19.89Net Income$205.46 million Net Margins12.35% Pretax Margin26.14% Return on Equity798.37% Return on Assets6.81% Debt Debt-to-Equity Ratio91.76 Current Ratio0.75 Quick Ratio0.71 Sales & Book Value Annual Sales$1.66 billion Price / Sales2.69 Cash Flow$3.52 per share Price / Cash Flow12.22 Book Value$0.31 per share Price / Book138.58Miscellaneous Outstanding Shares104,140,000Free Float51,884,000Market Cap$4.47 billion OptionableOptionable Beta2.19 Social Links Key ExecutivesFrank J. FertittaChairman & Chief Executive OfficerScott KreegerPresidentRobert A. FinchChief Operating Officer & Executive Vice PresidentStephen Lawrence CooteyChief Financial Officer, Treasurer & Executive VPJeffrey T. WelchChief Legal Officer & Executive Vice PresidentKey CompetitorsPENN EntertainmentNASDAQ:PENNMelco Resorts & EntertainmentNASDAQ:MLCOWyndham Hotels & ResortsNYSE:WHTravel + LeisureNYSE:TNLChoice Hotels InternationalNYSE:CHHView All CompetitorsInsiders & InstitutionsVoya Investment Management LLCSold 3,918 shares on 2/28/2023Ownership: 0.024%Macquarie Group Ltd.Sold 64,029 shares on 2/21/2023Ownership: 1.179%Truist Financial CorpBought 1,157 shares on 2/17/2023Ownership: 0.022%State of WyomingBought 2,815 shares on 2/16/2023Ownership: 0.003%Lazard Asset Management LLCBought 858 shares on 2/15/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions RRR Stock - Frequently Asked Questions Should I buy or sell Red Rock Resorts stock right now? 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. What is Red Rock Resorts' stock price forecast for 2023? 11 Wall Street analysts have issued 12 month price targets for Red Rock Resorts' shares. Their RRR share price forecasts range from $36.00 to $55.00. On average, they expect the company's share price to reach $48.58 in the next twelve months. This suggests a possible upside of 13.1% 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 stock has increased by 7.4% and is now trading at $42.96. View the best growth stocks for 2023 here. When is Red Rock Resorts' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023. View our RRR earnings forecast. How were Red Rock Resorts' earnings last quarter? Red Rock Resorts, Inc. (NASDAQ:RRR) posted its earnings results on Tuesday, November, 2nd. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.40. The business earned $414.77 million during the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.56 EPS. 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 7th. Shareholders 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 dividend yield of 2.33%. The ex-dividend date is Tuesday, March 14th. Read our dividend analysis for RRR. What ETFs hold Red Rock Resorts' stock? ETFs with the largest weight of Red Rock Resorts (NASDAQ:RRR) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), 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), InfraCap Equity Income Fund ETF (ICAP) and Royce Quant Small-Cap Quality Value ETF (SQLV). 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 2.37%. 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. 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 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. 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 variety of institutional and retail investors. Top institutional shareholders 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. 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 $42.96. How much money does Red Rock Resorts make? Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.47 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. How many employees does Red Rock Resorts have? The company employs 7,850 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 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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