Red Rock Resorts Stock Forecast, Price & News

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RRR shares have increased by 97.5% and is now trading at $22.30.
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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 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Red Rock Resorts.

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Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Red Rock Resorts.

Red Rock Resorts Inc (NASDAQ:RRR) issued its quarterly earnings data on Tuesday, October, 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.41. The business had revenue of $353.18 million for the quarter, compared to the consensus estimate of $275.56 million. Red Rock Resorts had a negative return on equity of 7.41% and a negative net margin of 16.61%.
View Red Rock Resorts' earnings history.

Red Rock Resorts announced 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 yield of 1.79%. The ex-dividend date is Thursday, March 12th.
View Red Rock Resorts' dividend history.

8 brokers have issued 12-month target prices for Red Rock Resorts' shares. Their forecasts range from $14.00 to $30.00. On average, they anticipate Red Rock Resorts' share price to reach $21.18 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Red Rock Resorts.

Red Rock Resorts saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 3,550,000 shares, a drop of 17.4% from the October 15th total of 4,300,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 5.9% of the shares of the stock are sold short.
View Red Rock Resorts' Short Interest.

Some companies that are related to Red Rock Resorts include Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Eldorado Resorts (ERI), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Park Hotels & Resorts (PK), Wyndham Destinations (WYND), Extended Stay America (STAY), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), Great Eagle (GEAHF), Xenia Hotels & Resorts (XHR), Bally's (TRWH) and Bally's (BALY).
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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 $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 trades on the NASDAQ under the ticker symbol "RRR."

Red Rock Resorts' stock is owned by many different institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (5.56%), Zeke Capital Advisors LLC (5.46%), BlackRock Inc. (3.94%), Arrowstreet Capital Limited Partnership (1.35%), State Street Corp (1.12%) and Charles Schwab Investment Management Inc. (0.56%). 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 Assenagon Asset Management S.A., BlackRock Inc., New York State Common Retirement Fund, Diamond Hill Capital Management Inc., State Street Corp, Mackay Shields LLC, Engineers Gate Manager LP, and Thrivent Financial for Lutherans.
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 Zeke Capital Advisors LLC, Arrowstreet Capital Limited Partnership, Connor Clark & Lunn Investment Management Ltd., North Fourth Asset Management LP, Morgan Stanley, Voloridge Investment Management LLC, Jabodon PT Co., and Franklin Street Capital Partners LLC. 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 $22.30.

Red Rock Resorts has a market capitalization of $2.62 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]