Red Rock Resorts (RRR) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 4 hold ratings and 6 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.

10 equities research analysts have issued 1-year price objectives for Red Rock Resorts' stock. Their RRR share price forecasts range from $36.00 to $56.00. On average, they predict the company's share price to reach $49.09 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for RRR or view top-rated stocks among Wall Street analysts.

Red Rock Resorts' stock was trading at $40.01 on January 1st, 2023. Since then, RRR shares have increased by 13.9% and is now trading at $45.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our RRR earnings forecast.

Red Rock Resorts, Inc. (NASDAQ:RRR) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.28. The business had revenue of $433.64 million for the quarter, compared to the consensus estimate of $413.05 million. Red Rock Resorts had a net margin of 11.90% and a trailing twelve-month return on equity of 808.22%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share.

Red Rock Resorts declared a quarterly dividend on Thursday, May 4th. Investors of record on Thursday, June 15th will be paid a dividend of $0.25 per share on Friday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for RRR.

ETFs with the largest weight of Red Rock Resorts (NASDAQ:RRR) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), AdvisorShares Hotel ETF (BEDZ), Invesco DWA SmallCap Momentum ETF (DWAS), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), InfraCap Equity Income Fund ETF (ICAP).Royce Quant Small-Cap Quality Value ETF (SQLV).

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.19%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 48.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRR.

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.

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).

(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 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 number of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.58%), BlackRock Inc. (3.15%), FMR LLC (1.80%), Westfield Capital Management Co. LP (1.34%), Macquarie Group Ltd. (1.25%) and State Street Corp (1.05%). Insiders that own company stock include Frank J Fertitta III, Lorenzo J Fertitta and Robert A Finch.
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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.
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One share of RRR stock can currently be purchased for approximately $45.58.

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.75 billion and generates $1.66 billion in revenue each year. The company earns $205.46 million in net income (profit) each year or $3.33 on an earnings per share basis.

The company employs 7,850 workers across the globe.

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.