Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort in Sonoma County, California; and Gun Lake in Allegan County, Michigan. It operates 19,219 slot machines; 319 table games; and 4,316 hotel rooms. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. is based in Las Vegas, Nevada.
Industry, Sector and Symbol
Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Phone702-495-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.68 billion
Profitability
Miscellaneous
Employees13,540
OptionableOptionable
Red Rock Resorts (NASDAQ:RRR) Frequently Asked Questions
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 Wednesday, February 13th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.10 per share on Friday, March 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, March 13th. View Red Rock Resorts' Dividend History.
How were Red Rock Resorts' earnings last quarter?
Red Rock Resorts Inc (NASDAQ:RRR) announced its quarterly earnings results on Tuesday, February, 12th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $431.47 million for the quarter, compared to the consensus estimate of $408.61 million. Red Rock Resorts had a net margin of 9.37% and a return on equity of 12.23%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. View Red Rock Resorts' Earnings History.
When is Red Rock Resorts' next earnings date?
What price target have analysts set for RRR?
7 analysts have issued 1 year price targets for Red Rock Resorts' stock. Their forecasts range from $25.00 to $39.00. On average, they anticipate Red Rock Resorts' share price to reach $32.50 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Red Rock Resorts.
What is the consensus analysts' recommendation for Red Rock Resorts?
7 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Red Rock Resorts.
Has Red Rock Resorts been receiving favorable news coverage?
Media coverage about RRR stock has trended somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Red Rock Resorts earned a news impact score of 1.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near term.
Who are some of Red Rock Resorts' key competitors?
Some companies that are related to Red Rock Resorts include InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Extended Stay America (STAY), Boyd Gaming (BYD), Penn National Gaming (PENN), Belmond (BEL) and Xenia Hotels & Resorts (XHR).
Who are Red Rock Resorts' key executives?
Red Rock Resorts' management team includes the folowing people:
- Mr. Frank J. Fertitta III, Chairman & CEO (Age 57)
- Mr. Richard J. Haskins Esq., Pres (Age 55)
- Mr. Stephen Cootey, Exec. VP, CFO & Treasurer (Age 50)
- Mr. Joseph J. Hasson, Exec. VP & COO (Age 63)
- Mr. Jeffrey T. Welch, Exec. VP & Chief Legal Officer (Age 56)
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.
Who are Red Rock Resorts' major shareholders?
Red Rock Resorts' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (5.64%), Cohen & Steers Inc. (5.08%), BlackRock Inc. (4.00%), Thrivent Financial for Lutherans (1.14%), Victory Capital Management Inc. (0.86%) and Northern Trust Corp (0.77%). View Institutional Ownership Trends for Red Rock Resorts.
Which major investors are selling Red Rock Resorts stock?
RRR stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., PNC Financial Services Group Inc., Victory Capital Management Inc., BlackRock Inc., Squarepoint Ops LLC, MetLife Investment Advisors LLC, California Public Employees Retirement System and Northern Trust Corp. View Insider Buying and Selling for Red Rock Resorts.
Which major investors are buying Red Rock Resorts stock?
RRR stock was bought by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Diamond Hill Capital Management Inc., Millennium Management LLC, Cohen & Steers Inc., Shellback Capital LP, Bank of New York Mellon Corp, Eagle Asset Management Inc. and Macquarie Group Ltd.. View Insider Buying and Selling for Red Rock Resorts.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Red Rock Resorts' stock price today?
One share of RRR stock can currently be purchased for approximately $27.84.
How big of a company is Red Rock Resorts?
Red Rock Resorts has a market capitalization of $3.24 billion and generates $1.68 billion in revenue each year. The company earns $35.15 million in net income (profit) each year or $1.31 on an earnings per share basis. Red Rock Resorts employs 13,540 workers across the globe.
What is Red Rock Resorts' official website?
How can I contact Red Rock Resorts?
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]
MarketBeat Community Rating for Red Rock Resorts (NASDAQ RRR)
MarketBeat's community ratings are surveys of what our community members think about Red Rock Resorts and other stocks. Vote "Outperform" if you believe RRR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RRR will underperform the S&P 500 over the long term. You may vote once every thirty days.
