Red Rock Resorts Stock Price, News & Analysis (NASDAQ:RRR)

Red Rock Resorts trades on the NASDAQ under the ticker symbol "RRR."

Red Rock Resorts declared a quarterly dividend on Tuesday, August 6th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.10 per share on Friday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, September 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts Inc (NASDAQ:RRR) issued its quarterly earnings results on Tuesday, August, 6th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.17 by $0.04. The company earned $482.90 million during the quarter, compared to analysts' expectations of $441.48 million. Red Rock Resorts had a net margin of 1.75% and a return on equity of 8.09%. The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. View Red Rock Resorts' Earnings History.

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Red Rock Resorts.

7 equities research analysts have issued 1 year price objectives for Red Rock Resorts' shares. Their forecasts range from $22.00 to $29.00. On average, they anticipate Red Rock Resorts' stock price to reach $25.86 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price. View Analyst Price Targets 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 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Red Rock Resorts.

Media stories about RRR stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Red Rock Resorts earned a news impact score of -2.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Red Rock Resorts.

Red Rock Resorts saw a drop in short interest in September. As of September 30th, there was short interest totalling 4,570,000 shares, a drop of 14.1% from the August 30th total of 5,320,000 shares. Based on an average trading volume of 841,500 shares, the days-to-cover ratio is presently 5.4 days. Approximately 6.9% of the company's shares are short sold. View Red Rock Resorts' Current Options Chain.

Some companies that are related to Red Rock Resorts include Caesars Entertainment (CZR), Hyatt Hotels (H), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Park Hotels & Resorts (PK), Wyndham Destinations (WYND), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Boyd Gaming (BYD), Extended Stay America (STAY), Penn National Gaming (PENN), Xenia Hotels & Resorts (XHR), Studio City International (MSC), GreenTree Hospitality Group (GHG) and Playa Hotels & Resorts (PLYA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Rock Resorts investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Transocean (RIG), Micron Technology (MU) and Och-Ziff Capital Management Group (OZM).

(RRR) raised $532 million in an 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.

Red Rock Resorts' stock is owned by a number of of retail and institutional investors. Top institutional investors include Zeke Capital Advisors LLC (2.31%) and Envestnet Asset Management Inc. (0.01%). 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 Envestnet Asset Management Inc.. View Insider Buying and Selling for Red Rock Resorts.

RRR stock was acquired by a variety of institutional investors in the last quarter, including Zeke Capital Advisors 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 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 $21.35.

Red Rock Resorts has a market capitalization of $2.50 billion and generates $1.68 billion in revenue each year. The company earns $157.54 million in net income (profit) each year or $1.31 on an earnings per share basis. Red Rock Resorts employs 13,800 workers across the globe.View Additional Information About Red Rock Resorts.

The official website for Red Rock Resorts is http://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]