Red Rock Resorts Stock Forecast, Price & News

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RRR stock has increased by 66.1% and is now trading at $18.75.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Red Rock Resorts Inc (NASDAQ:RRR) released its quarterly earnings results on Tuesday, August, 4th. The company reported ($1.01) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($1.04) by $0.03. The business had revenue of $108.50 million for the quarter, compared to analysts' expectations of $73.63 million. Red Rock Resorts had a negative net margin of 16.61% and a negative return on equity of 7.41%. The company's revenue was down 77.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS.
View Red Rock Resorts' earnings history.

Red Rock Resorts announced a quarterly dividend on Tuesday, February 4th. Shareholders of record on Friday, March 13th will be given a dividend of $0.10 per share on Friday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, March 12th.
View Red Rock Resorts' dividend history.

8 brokerages have issued 1 year price objectives for Red Rock Resorts' shares. Their forecasts range from $13.00 to $30.00. On average, they expect Red Rock Resorts' share price to reach $18.73 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts' price targets for Red Rock Resorts.

Red Rock Resorts saw a decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,330,000 shares, a decline of 16.4% from the September 15th total of 5,180,000 shares. Based on an average trading volume of 1,860,000 shares, the short-interest ratio is presently 2.3 days. Currently, 7.2% of the shares of the company are short sold.
View Red Rock Resorts' Short Interest.

Some companies that are related to Red Rock Resorts include Caesars Entertainment (CZR), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Eldorado Resorts (ERI), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Wyndham Destinations (WYND), Park Hotels & Resorts (PK), Extended Stay America (STAY), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), Great Eagle (GEAHF) and GreenTree Hospitality Group (GHG).
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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), The Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), Chipotle Mexican Grill (CMG), Eldorado Resorts (ERI) and Delta Air Lines (DAL).

(RRR) raised $532 million in an IPO 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 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.

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

Red Rock Resorts' stock is owned by a variety of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.10%), Nisa Investment Advisors LLC (0.01%) and Capstone Financial Group Inc. (0.00%). Company insiders that own Red Rock Resorts stock include Frank J Fertitta III, Joseph J Hasson and Lorenzo J Fertitta.
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RRR stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A..
View insider buying and selling activity for Red Rock Resorts.

RRR stock was bought by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, and Capstone Financial Group Inc.. 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 activity 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 $18.75.

Red Rock Resorts has a market capitalization of $2.20 billion and generates $1.86 billion in revenue each year. The company earns $-3,350,000.00 in net income (profit) each year or $0.18 on an earnings per share basis. Red Rock Resorts employs 14,000 workers across the globe.

The official website for Red Rock Resorts is www.redrockresorts.com.

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]