NASDAQ:RRR Red Rock Resorts Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Red Rock Resorts Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.26 +0.96 (+5.89 %) (As of 09/22/2020 12:00 AM ET) Add Compare Share Today's Range$16.46Now: $17.26▼$17.2850-Day Range$11.69MA: $16.48▼$18.4252-Week Range$2.76Now: $17.26▼$27.91Volume1.06 million shsAverage Volume2.02 million shsMarket Capitalization$2.02 billionP/E RatioN/ADividend Yield1.23%Beta2.81 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 approximately 20,000 slot machines, 360 table games, and 5,000 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.Read More Beat the Market (BTM) Rank™ 1.3 Analyst's Opinion Consensus RatingRed Rock Resorts has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.60, Red Rock Resorts has a forecasted upside of 2.0% from its current price of $17.26.Amount of Analyst CoverageRed Rock Resorts has only been the subject of 2 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesRed Rock Resorts has received 321 “outperform” votes. (Add your “outperform” vote.)Underperform VotesRed Rock Resorts has received 322 “underperform” votes. (Add your “underperform” vote.)Community SentimentRed Rock Resorts has received 50.08% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldRed Rock Resorts has a dividend yield of 1.23%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthRed Rock Resorts does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Red Rock Resorts is 111.11%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Red Rock Resorts will have a dividend payout ratio of 333.33% in the coming year. This indicates that Red Rock Resorts may not be able to sustain their current dividend. Previous Next 5.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Red Rock Resorts insiders have bought more of their company's stock than they have sold. Specifically, they have bought $18,730,748.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders43.75% of the stock of Red Rock Resorts is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions50.82% of the stock of Red Rock Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Red Rock Resorts are expected to grow in the coming year, from ($0.59) to $0.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Red Rock Resorts is -5.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Red Rock Resorts is -5.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRed Rock Resorts has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 5.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.89 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Hotels & motels Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:RRR Previous Symbol CUSIPN/A CIK1653653 Webwww.redrockresorts.com Phone702-495-3000Debt Debt-to-Equity Ratio6.82 Current Ratio2.04 Quick Ratio1.96Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$1.86 billion Price / Sales1.09 Cash Flow$2.01 per share Price / Cash Flow8.57 Book Value$6.67 per share Price / Book2.59Profitability EPS (Most Recent Fiscal Year)$0.18 Net Income$-3,350,000.00 Net Margins-16.61% Return on Equity-7.41% Return on Assets-1.14%Miscellaneous Employees14,000 Outstanding Shares117,313,000Market Cap$2.02 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $17.26 +0.96 (+5.89 %) (As of 09/22/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive RRR News and Ratings via Email Sign-up to receive the latest news and ratings for RRR and its competitors with MarketBeat's FREE daily newsletter. Red Rock Resorts (NASDAQ:RRR) Frequently Asked Questions How has Red Rock Resorts' stock price been impacted by Coronavirus (COVID-19)? Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RRR shares have increased by 52.9% and is now trading at $17.26. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Red Rock Resorts? 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." View analyst ratings for Red Rock Resorts. When is Red Rock Resorts' next earnings date? Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Red Rock Resorts. How were Red Rock Resorts' earnings last quarter? Red Rock Resorts Inc (NASDAQ:RRR) released its 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 company earned $108.50 million during the quarter, compared to analysts' expectations of $73.63 million. Red Rock Resorts had a negative return on equity of 7.41% and a negative net margin of 16.61%. Red Rock Resorts's quarterly revenue was down 77.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. View Red Rock Resorts' earnings history. 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 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 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 12th. View Red Rock Resorts' dividend history. What price target have analysts set for RRR? 8 equities research analysts have issued twelve-month price targets for Red Rock Resorts' stock. Their forecasts range from $13.00 to $30.00. On average, they expect Red Rock Resorts' share price to reach $17.60 in the next year. This suggests a possible upside of 2.0% from the stock's current price. View analysts' price targets for Red Rock Resorts. Who are some of Red Rock Resorts' key competitors? Some companies that are related to Red Rock Resorts include Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), Caesars Entertainment (CZR), Eldorado Resorts (ERI), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Wyndham Destinations (WYND), Park Hotels & Resorts (PK), Extended Stay America (STAY), Great Eagle (GEAHF), Sunstone Hotel Investors (SHO), GreenTree Hospitality Group (GHG) and Studio City International (MSC). View all competitors. 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 Docusign (DOCU). Who are Red Rock Resorts' key executives? Red Rock Resorts' management team includes the following 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. Jeffrey T. Welch, Exec. VP & Chief Legal Officer (Age 57)Mr. Joseph J. Hasson, Consultant (Age 63) When did Red Rock Resorts IPO? (RRR) raised $532 million in an initial public offering 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 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. 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 number of retail and institutional investors. Top institutional investors include Bamco Inc. NY (5.82%), Diamond Hill Capital Management Inc. (5.72%), Vanguard Group Inc. (5.25%), Eminence Capital LP (4.42%), Goldman Sachs Group Inc. (1.78%) and Par Capital Management Inc. (1.39%). 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. Which major investors are selling Red Rock Resorts stock? RRR stock was sold by a variety of institutional investors in the last quarter, including Bamco Inc. NY, Zeke Capital Advisors LLC, Par Capital Management Inc., Bank of New York Mellon Corp, Vanguard Group Inc., New York State Common Retirement Fund, Balyasny Asset Management LLC, and Sei Investments Co.. View insider buying and selling activity for Red Rock Resorts. Which major investors are buying Red Rock Resorts stock? RRR stock was acquired by a variety of institutional investors in the last quarter, including Eminence Capital LP, Goldman Sachs Group Inc., Assenagon Asset Management S.A., FMR LLC, PDT Partners LLC, Thames Capital Management LLC, Bank of Montreal Can, and Thrivent Financial for Lutherans. 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. 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, Robinhood, Fidelity, and Charles Schwab. What is Red Rock Resorts' stock price today? One share of RRR stock can currently be purchased for approximately $17.26. How big of a company is Red Rock Resorts? Red Rock Resorts has a market capitalization of $2.02 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. What is Red Rock Resorts' official website? The official website for Red Rock Resorts is www.redrockresorts.com. 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] This page was last updated on 9/23/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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