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NASDAQ:RRR

Red Rock Resorts - RRR Stock Forecast, Price & News

$41.58
+1.01 (+2.49%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$41.25
$42.70
50-Day Range
$31.67
$41.58
52-Week Range
$30.98
$58.74
Volume
552,102 shs
Average Volume
671,994 shs
Market Capitalization
$4.47 billion
P/E Ratio
12.75
Dividend Yield
2.46%
Price Target
$47.38

Red Rock Resorts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
13.9% Upside
$47.38 Price Target
Short Interest
Bearish
5.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.16mentions of Red Rock Resorts in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.00%
From $2.00 to $2.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Consumer Discretionary Sector

143rd out of 289 stocks

Hotels & Motels Industry

15th out of 26 stocks

RRR stock logo

About Red Rock Resorts (NASDAQ:RRR) Stock

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas market. 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. was incorporated in 1976 and is based in Las Vegas, Nevada.

Red Rock Resorts Trading Up 2.5 %

Red Rock Resorts stock traded up $1.01 during trading hours on Thursday, reaching $41.58. 552,102 shares of the company's stock were exchanged, compared to its average volume of 671,994. The firm's 50 day simple moving average is $36.25 and its 200 day simple moving average is $41.88. Red Rock Resorts has a twelve month low of $30.98 and a twelve month high of $58.74. The company has a quick ratio of 1.93, a current ratio of 1.98 and a debt-to-equity ratio of 29.17. The firm has a market capitalization of $4.47 billion, a PE ratio of 12.95 and a beta of 2.27.

Red Rock Resorts (NASDAQ:RRR - Get Rating) last released its earnings results on Tuesday, August 9th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.42). Red Rock Resorts had a return on equity of 105.90% and a net margin of 17.10%. The business had revenue of $422.20 million for the quarter, compared to analyst estimates of $404.39 million. During the same period in the prior year, the business earned $1.12 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts predict that Red Rock Resorts will post 2 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. Red Rock Resorts's dividend payout ratio is currently 30.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Red Rock Resorts from $56.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. Loop Capital initiated coverage on shares of Red Rock Resorts in a research note on Monday, July 11th. They issued a "hold" rating and a $36.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Red Rock Resorts from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday. Truist Financial cut their target price on Red Rock Resorts from $65.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, July 20th. Finally, KeyCorp set a $45.00 price target on Red Rock Resorts in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Red Rock Resorts presently has a consensus rating of "Hold" and an average target price of $47.38.

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RRR Stock News Headlines

Red Rock Resorts: Q2 Earnings Insights
Red Rock Resorts Announces Second Quarter 2022 Results
Red Rock Resorts (NASDAQ:RRR) PT Lowered to $45.00
Red Rock Resorts permanently closes three locations
Red Rock Resorts Inc A - Stock Valuation RRR
Analyst Ratings for Red Rock Resorts
Red Rock Resorts Becomes Oversold
See More Headlines
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RRR Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Last Earnings
8/09/2022
Today
8/11/2022
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:RRR
Fax
N/A
Employees
7,800
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$47.38
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+13.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$241.85 million
Pretax Margin
29.81%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Cash Flow
$3.13 per share
Book Value
$0.47 per share

Miscellaneous

Free Float
56,673,000
Market Cap
$4.47 billion
Optionable
Optionable
Beta
2.27

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RRR Stock - Frequently Asked Questions

Should I buy or sell Red Rock Resorts stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 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 2022?

8 Wall Street analysts have issued 1 year target prices for Red Rock Resorts' shares. Their RRR share price forecasts range from $36.00 to $55.00. On average, they predict the company's share price to reach $47.38 in the next year. This suggests a possible upside of 13.8% 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 2022?

Red Rock Resorts' stock was trading at $55.01 at the beginning of 2022. Since then, RRR shares have decreased by 24.3% and is now trading at $41.63.
View the best growth stocks for 2022 here
.

When is Red Rock Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RRR earnings forecast
.

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts, Inc. (NASDAQ:RRR) announced its quarterly earnings results on Tuesday, August, 9th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.42. The firm earned $422.20 million during the quarter, compared to the consensus estimate of $404.39 million. Red Rock Resorts had a trailing twelve-month return on equity of 105.90% and a net margin of 17.10%. The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 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, August 9th. Investors of record on Thursday, September 15th will be given a dividend of $0.25 per share on Friday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for RRR
.

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 2.48%. The dividend payout ratio is 30.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 45.05% 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 (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.

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 investors include Eagle Asset Management Inc. (0.49%), JPMorgan Chase & Co. (0.25%), Comerica Bank (0.17%), Swiss National Bank (0.12%), State of New Jersey Common Pension Fund D (0.06%) and Mackenzie Financial Corp (0.05%). Insiders that own company stock include Frank J Fertitta III and Lorenzo J Fertitta.
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 $41.63.

How much money does Red Rock Resorts make?

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.47 billion and generates $1.62 billion in revenue each year. The company earns $241.85 million in net income (profit) each year or $3.26 on an earnings per share basis.

How many employees does Red Rock Resorts have?

The company employs 7,800 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

When was Red Rock Resorts founded?

Red Rock Resorts was founded in 2006.

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 8/12/2022 by MarketBeat.com Staff

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