NASDAQ:RRR - Red Rock Resorts Stock Price, Forecast & News

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

Red Rock Resorts declared 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 dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts Inc (NASDAQ:RRR) posted its earnings results on Tuesday, February, 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.06. The firm earned $460.80 million during the quarter, compared to analysts' expectations of $464.30 million. Red Rock Resorts's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. View Red Rock Resorts' Earnings History.

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Red Rock Resorts.

9 brokerages have issued 1-year price objectives for Red Rock Resorts' shares. Their forecasts range from $22.00 to $31.00. On average, they expect Red Rock Resorts' stock price to reach $27.38 in the next year. This suggests a possible upside of 3.9% from the stock's current price. View Analyst Price Targets for Red Rock Resorts.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Red Rock Resorts.

Media headlines about RRR stock have trended somewhat positive on Monday, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Red Rock Resorts earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Red Rock Resorts.

Red Rock Resorts saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,450,000 shares, a drop of 5.5% from the January 15th total of 3,650,000 shares. Based on an average daily trading volume, of 526,700 shares, the short-interest ratio is currently 6.6 days. Approximately 5.2% of the shares of the company are sold short. View Red Rock Resorts' Current Options Chain.

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Rock Resorts investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), NIC (EGOV), Athabasca Oil (ATH), Transocean (RIG), Aegean Marine Petroleum Network (ANW), Hudson Technologies (HDSN) and Express (EXPR).

(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.

Red Rock Resorts' stock is owned by many different of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (5.86%), Cohen & Steers Inc. (4.39%), Schroder Investment Management Group (2.73%), Zeke Capital Advisors LLC (2.37%), Thrivent Financial for Lutherans (1.79%) and State Street Corp (1.24%). 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.

RRR stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., J. Goldman & Co LP, Thrivent Financial for Lutherans, Penn Capital Management Co. Inc., FMR LLC, Mutual of America Capital Management LLC, Bank of New York Mellon Corp and Bank of Montreal Can. View Insider Buying and Selling for Red Rock Resorts.

RRR stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Cohen & Steers Inc., Schroder Investment Management Group, Guggenheim Capital LLC, Zeke Capital Advisors LLC, Aigen Investment Management LP, Franklin Street Capital Partners LLC and California Public Employees Retirement System. 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 for 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.

One share of RRR stock can currently be purchased for approximately $26.35.