Red Rock Resorts Company Profile (NASDAQ:RRR)

About Red Rock Resorts (NASDAQ:RRR)

Red Rock Resorts logoRed 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:
  • Sector: Consumer Discretionary
  • Industry: Casinos & Gaming - NEC
  • Sub-Industry: N/A
  • Symbol: NASDAQ:RRR
  • CUSIP: N/A
  • Web: www.redrockresorts.com
Capitalization:
  • Market Cap: $2.86861 billion
  • Outstanding Shares: 65,700,000
Average Prices:
  • 50 Day Moving Avg: $23.81
  • 200 Day Moving Avg: $23.13
  • 52 Week Range: $20.58 - $24.83
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 18.05
  • P/E Growth: 6.65
Sales & Book Value:
  • Annual Revenue: $1.51 billion
  • Price / Sales: 1.08
  • Book Value: $5.59 per share
  • Price / Book: 4.42
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 1.6%
Profitability:
  • EBIDTA: $493.64 million
  • Net Margins: 3.58%
  • Return on Equity: 10.00%
  • Return on Assets: 1.83%
Debt:
  • Debt-to-Equity Ratio: 3.50%
  • Current Ratio: 0.91%
  • Quick Ratio: 0.87%
Misc:
  • Average Volume: 833,071 shs.
  • Beta: 0.53
  • Short Ratio: 4.87
 
Frequently Asked Questions for Red Rock Resorts (NASDAQ:RRR)

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 declared a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 16th will be given a dividend of $0.10 per share on Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, May 12th. View Red Rock Resorts' Dividend History.

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts, Inc. (NASDAQ:RRR) announced its earnings results on Thursday, May, 4th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.07. The firm had revenue of $417.73 million for the quarter, compared to the consensus estimate of $402.88 million. Red Rock Resorts had a return on equity of 10.00% and a net margin of 3.58%. Red Rock Resorts's quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. View Red Rock Resorts' Earnings History.

When will Red Rock Resorts make its next earnings announcement?

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Monday, August, 14th 2017. View Earnings Estimates for Red Rock Resorts.

Where is Red Rock Resorts' stock going? Where will Red Rock Resorts' stock price be in 2017?

12 brokers have issued 12-month target prices for Red Rock Resorts' shares. Their forecasts range from $23.00 to $29.00. On average, they anticipate Red Rock Resorts' share price to reach $26.15 in the next twelve months. View Analyst Ratings for Red Rock Resorts.

What are analysts saying about Red Rock Resorts stock?

Here are some recent quotes from research analysts about Red Rock Resorts stock:

  • 1. According to Zacks Investment Research, "Red Rock Resorts manage and own an indirect equity interest in Station Casinos LLC. Station is the provider of gaming and entertainment primarily in Las Vegas, Nevada. Red Rock Resorts is based in LAS VEGAS, United States. " (7/18/2017)
  • 2. J P Morgan Chase & Co analysts commented, "Following modestly lower 2Q16 LV Locals EBITDA results (up ~2.7% year-over-year on an adjusted basis, versus our estimated 5% growth, and $3.1m below our forecast on lower sports book hold and 1-time expenses related to the 10 th anniversary celebration of its Red Rock property, a total EBITDA impact of ~$3.5m), our 2H16 LV Locals EBITDA goes up 1.4% on higher flow-through assumptions (65% versus our prior conservative 50% assumption). We continue to assume its LV Locals net revenues can grow 3% in the 2H16 (an acceleration from 2Q16’s growth rate but we note that the year-over-year net revenue growth comparisons get easier). We continue to view RRR as possessing an attractive 8% EBITDA CAGR through 2018, driven by (1) improving trends in the Las Vegas economy, aiding RRR’s same-store LV Locals growth, (2) external growth coming from its soon-to-be-acquired Palms Casino Resort (late 3Q16 anticipated close), and (3) growth from its Native American management fee stream. We model no out-year EBITDA contribution from any new developments." (8/16/2016)

Are investors shorting Red Rock Resorts?

Red Rock Resorts saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 4,366,478 shares, an increase of 83.2% from the June 15th total of 2,382,848 shares. Based on an average trading volume of 1,125,473 shares, the short-interest ratio is presently 3.9 days. Currently, 6.5% of the company's stock are sold short.

Who are some of Red Rock Resorts' key competitors?

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
  • Richard J. Haskins, President
  • Marc J. Falcone, Chief Financial Officer, Executive Vice President, Treasurer
  • Daniel J. Roy, Chief Operating Officer, Executive Vice President
  • Stephen L. Cootey, Executive Vice President, Chief Administrative Officer
  • James E. Nave, Lead Independent Director
  • Robert A. Cashell Sr., Independent Director
  • Lorenzo J. Fertitta, Independent Director
  • Robert E. Lewis, Independent Director

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.

Who owns Red Rock Resorts stock?

Red Rock Resorts' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (6.99%), Russell Investments Group Ltd. (0.51%) and Creative Planning (0.02%). View Institutional Ownership Trends for Red Rock Resorts.

Who sold Red Rock Resorts stock? Who is selling Red Rock Resorts stock?

Red Rock Resorts' stock was sold by a variety of institutional investors in the last quarter, including Creative Planning. View Insider Buying and Selling for Red Rock Resorts.

Who bought Red Rock Resorts stock? Who is buying Red Rock Resorts stock?

Red Rock Resorts' stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Red Rock Resorts.

How do I buy Red Rock Resorts stock?

Shares of Red Rock Resorts can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Red Rock Resorts' stock price today?

One share of Red Rock Resorts stock can currently be purchased for approximately $24.73.


MarketBeat Community Rating for Red Rock Resorts (NASDAQ RRR)
Community Ranking:  3.1 out of 5 (  )
Outperform Votes:  107 (Vote Outperform)
Underperform Votes:  67 (Vote Underperform)
Total Votes:  174
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.

Analyst Ratings

Consensus Ratings for Red Rock Resorts (NASDAQ:RRR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 10 Buy Ratings
Consensus Rating:Buy (Score: 2.83)
Consensus Price Target: $26.15 (5.74% upside)

Analysts' Ratings History for Red Rock Resorts (NASDAQ:RRR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/14/2017Stifel NicolausReiterated RatingBuy$27.00LowView Rating Details
6/5/2017Bank of America CorporationReiterated RatingBuy$24.50 -> $26.00MediumView Rating Details
3/8/2017Wells Fargo & CompanyReiterated RatingOutperformHighView Rating Details
2/13/2017AegisInitiated CoverageBuy$27.50N/AView Rating Details
1/27/2017Buckingham ResearchInitiated CoverageBuy$27.00N/AView Rating Details
12/15/2016Goldman Sachs Group, Inc. (The)Initiated CoverageNeutral$23.00N/AView Rating Details
12/7/2016Deutsche Bank AGBoost Price TargetBuy$26.00 -> $28.00N/AView Rating Details
11/4/2016Imperial CapitalInitiated CoverageIn -> In-Line$23.00N/AView Rating Details
10/14/2016GabelliInitiated CoverageBuy$29.00N/AView Rating Details
10/10/2016MacquarieInitiated CoverageOutperform$26.00N/AView Rating Details
8/16/2016Citigroup Inc.Reiterated RatingBuy$25.00N/AView Rating Details
8/16/2016J P Morgan Chase & CoReiterated RatingBuyN/AView Rating Details
(Data available from 7/27/2015 forward)

Earnings

Earnings History for Red Rock Resorts (NASDAQ:RRR)
Earnings by Quarter for Red Rock Resorts (NASDAQ:RRR)
Earnings History by Quarter for Red Rock Resorts (NASDAQ RRR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/14/2017        
5/4/2017Q1 2017$0.37$0.30$402.88 million$417.73 millionViewListenView Earnings Details
3/7/2017Q4 2016$0.34$0.37$396.04 million$394.60 millionViewListenView Earnings Details
11/7/2016Q3$0.26$0.20$335.42 million$347.10 millionViewN/AView Earnings Details
8/15/2016Q216$0.40$0.01$350.07 million$351.50 millionViewListenView Earnings Details
1/26/2012$0.09$0.14ViewN/AView Earnings Details
10/20/2011$0.14$0.15ViewN/AView Earnings Details
7/21/2011($0.02)$0.02ViewN/AView Earnings Details
4/20/2011($0.22)($0.49)ViewN/AView Earnings Details
2/8/2011($0.09)($0.07)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Red Rock Resorts (NASDAQ:RRR)
Current Year EPS Consensus Estimate: $1.26 EPS
Next Year EPS Consensus Estimate: $1.37 EPS

Dividends

Current Dividend Information for Red Rock Resorts (NASDAQ:RRR)
Most Recent Dividend:5/30/2017
Annual Dividend:$0.40
Dividend Yield:1.62%
Payout Ratio:45.46% (Trailing 12 Months of Earnings)
31.75% (Based on This Year's Estimates)
29.20% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Red Rock Resorts (NASDAQ:RRR)

Dividend History by Quarter for Red Rock Resorts (NASDAQ RRR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/4/2017quarterly$0.101.75%5/12/20175/16/20175/30/2017
3/2/2017quarterly$0.101.81%3/13/20173/15/20173/31/2017
11/4/2016quarterly$0.101.85%11/10/201611/15/201611/30/2016
8/1/2016special$0.108/11/20168/15/20168/30/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Red Rock Resorts (NASDAQ:RRR)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Red Rock Resorts (NASDAQ:RRR)
Latest Headlines for Red Rock Resorts (NASDAQ:RRR)
Source:
DateHeadline
americanbankingnews.com logoHead to Head Contrast: Red Rock Resorts (NASDAQ:RRR) & Churchill Downs, (CHDN)
www.americanbankingnews.com - July 22 at 10:24 AM
americanbankingnews.com logo$406.44 Million in Sales Expected for Red Rock Resorts, Inc. (RRR) This Quarter
www.americanbankingnews.com - July 22 at 8:02 AM
feeds.benzinga.com logoRED ROCK RESORTS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Red Rock Resorts, Inc. - RRR
feeds.benzinga.com - July 21 at 11:33 PM
americanbankingnews.com logoRed Rock Resorts, Inc. (RRR) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 21 at 11:21 AM
finance.yahoo.com logoGlancy Prongay & Murray LLP Commences Investigation on Behalf of Red Rock Resorts, Inc. Investors
finance.yahoo.com - July 19 at 7:26 AM
americanbankingnews.com logoRed Rock Resorts, Inc. (NASDAQ:RRR) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - July 18 at 9:16 AM
finance.yahoo.com logoHarwood Feffer LLP Announces Investigation of Red Rock Resorts, Inc.
finance.yahoo.com - July 17 at 8:33 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Red Rock Resorts, Inc.
finance.yahoo.com - July 17 at 8:33 PM
finance.yahoo.com logoRED ROCK RESORTS (RRR) SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating Red Rock Resorts, Inc. for Potential Securities Violations and Breaches of Fiduciary Duty
finance.yahoo.com - July 17 at 8:11 AM
americanbankingnews.com logoStifel Nicolaus Reaffirms "Buy" Rating for Red Rock Resorts, Inc. (RRR)
www.americanbankingnews.com - July 15 at 10:34 AM
americanbankingnews.com logoShort Interest in Red Rock Resorts, Inc. (NASDAQ:RRR) Expands By 83.2%
www.americanbankingnews.com - July 15 at 7:10 AM
finance.yahoo.com logoRed Rock Resorts, Inc. – Value Analysis (NASDAQ:RRR) : July 12, 2017
finance.yahoo.com - July 13 at 8:55 AM
finance.yahoo.com logoRed Rock Resorts, Inc. breached its 50 day moving average in a Bullish Manner : RRR-US : July 11, 2017
finance.yahoo.com - July 11 at 4:52 PM
americanbankingnews.com logoAnalyzing Caesars Entertainment Corporation (CZR) & Red Rock Resorts (RRR)
www.americanbankingnews.com - July 5 at 4:27 PM
americanbankingnews.com logoRed Rock Resorts, Inc. (NASDAQ:RRR) Downgraded to "Strong Sell" at Zacks Investment Research
www.americanbankingnews.com - July 5 at 10:46 AM
americanbankingnews.com logoContrasting Red Rock Resorts (NASDAQ:RRR) & Golden Entertainment (GDEN)
www.americanbankingnews.com - July 2 at 6:26 PM
americanbankingnews.com logo$404.83 Million in Sales Expected for Red Rock Resorts, Inc. (RRR) This Quarter
www.americanbankingnews.com - June 28 at 10:46 AM
americanbankingnews.com logo$0.29 Earnings Per Share Expected for Red Rock Resorts, Inc. (RRR) This Quarter
www.americanbankingnews.com - June 26 at 6:44 PM
americanbankingnews.com logoRed Rock Resorts, Inc. (RRR) Expected to Announce Earnings of $0.29 Per Share
www.americanbankingnews.com - June 26 at 6:44 PM
americanbankingnews.com logoRed Rock Resorts, Inc. (RRR) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - June 26 at 10:14 AM
thestreet.com logoFirst Week Of August 18th Options Trading For Red Rock Resorts (RRR)
www.thestreet.com - June 22 at 11:15 AM
finance.yahoo.com logoRed Rock Resorts, Inc. breached its 50 day moving average in a Bearish Manner : RRR-US : June 22, 2017
finance.yahoo.com - June 22 at 11:15 AM
streetinsider.com logoForm DEFR14A Red Rock Resorts, Inc.
www.streetinsider.com - June 16 at 3:37 PM
finance.yahoo.com logoETFs with exposure to Red Rock Resorts, Inc. : June 5, 2017
finance.yahoo.com - June 5 at 9:37 PM
americanbankingnews.com logoBank of America Corp Reiterates Buy Rating for Red Rock Resorts Inc (RRR)
www.americanbankingnews.com - June 5 at 8:04 PM
americanbankingnews.com logo$404.83 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - June 2 at 1:30 PM
americanbankingnews.com logo Brokerages Anticipate Red Rock Resorts Inc (RRR) Will Announce Earnings of $0.29 Per Share
www.americanbankingnews.com - May 31 at 2:28 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 30 at 11:46 AM
finance.yahoo.com logoETFs with exposure to Red Rock Resorts, Inc. : May 23, 2017
finance.yahoo.com - May 23 at 7:00 PM
finance.yahoo.com logoRed Rock Resorts, Inc. :RRR-US: Earnings Analysis: Q1, 2017 By the Numbers : May 22, 2017
finance.yahoo.com - May 22 at 6:42 PM
finance.yahoo.com logoRed Rock Resorts, Inc. to Participate in Nomura/Instinet Gaming, Leisure and Lodging Conference
finance.yahoo.com - May 15 at 9:35 AM
americanbankingnews.com logoZacks Investment Research Upgrades Red Rock Resorts Inc (RRR) to Hold
www.americanbankingnews.com - May 14 at 7:04 PM
finance.yahoo.com logoRed Rock Resorts, Inc. : RRR-US: Dividend Analysis : May 16th, 2017 (record date) : By the numbers : May 12, 2017
finance.yahoo.com - May 12 at 10:55 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS
www.americanbankingnews.com - May 8 at 5:26 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Expected to Announce Quarterly Sales of $399.02 Million
www.americanbankingnews.com - May 7 at 8:14 AM
streetinsider.com logoRed Rock Resorts (RRR) Reports Q1 EPS of $0.30, Miss on Revenues
www.streetinsider.com - May 5 at 7:56 PM
finance.yahoo.com logoEdited Transcript of RRR earnings conference call or presentation 4-May-17 9:00pm GMT
finance.yahoo.com - May 5 at 7:56 PM
americanbankingnews.com logo$0.36 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - May 5 at 2:28 PM
msn.com logoRed Rock Resorts (RRR) Q1 2017 Results - Earnings Call Transcript
www.msn.com - May 5 at 8:06 AM
americanbankingnews.com logoRed Rock Resorts Inc Announces Quarterly Dividend of $0.10 (RRR)
www.americanbankingnews.com - May 4 at 9:04 PM
finance.yahoo.com logoInvestor Network: Red Rock Resorts, Inc. to Host Earnings Call
finance.yahoo.com - May 4 at 7:52 PM
finance.yahoo.com logoRed Rock Resorts Announces First Quarter 2017 Results
finance.yahoo.com - May 4 at 7:52 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 3 at 12:33 PM
finance.yahoo.com logoRed Rock Resorts Announces First Quarter 2017 Conference Call and Earnings Release Date
finance.yahoo.com - April 26 at 5:39 PM
americanbankingnews.com logo$402.95 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - April 16 at 8:40 AM
americanbankingnews.com logo$0.35 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter
www.americanbankingnews.com - April 14 at 2:56 PM
finance.yahoo.com logoRed Rock Resorts, Inc. – Value Analysis (NASDAQ:RRR) : April 13, 2017
finance.yahoo.com - April 13 at 7:25 PM
finance.yahoo.com logoRed Rock Resorts, Inc. breached its 50 day moving average in a Bullish Manner : RRR-US : April 12, 2017
finance.yahoo.com - April 12 at 1:23 PM
finance.yahoo.com logoStation Casinos LLC -- Moody's affirms Stations B1 CFR, downgrades sr secured ratings to B1
finance.yahoo.com - April 10 at 7:09 PM
americanbankingnews.com logoRed Rock Resorts Inc (RRR) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - April 7 at 5:56 PM

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Chart

Red Rock Resorts (RRR) Chart for Thursday, July, 27, 2017

This page was last updated on 7/27/2017 by MarketBeat.com Staff