Red Rock Resorts - RRR Stock Forecast, Price & News

8 Wall Street equities 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 equities research analysts is that investors should "buy" RRR shares.
View RRR analyst ratings or view top-rated stocks.

8 brokerages have issued 12 month 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 stock price to reach $47.38 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
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Red Rock Resorts' stock was trading at $55.01 at the beginning of 2022. Since then, RRR stock has decreased by 22.8% and is now trading at $42.46.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RRR earnings forecast.

Red Rock Resorts, Inc. (NASDAQ:RRR) announced its quarterly earnings data on Tuesday, August, 9th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by $0.42. The company 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 146.71% and a net margin of 17.10%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 earnings per share.

Red Rock Resorts declared a quarterly dividend on Tuesday, August 9th. Stockholders 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 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for RRR.

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.36%. 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 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 initial public offering (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 institutional and retail investors. Top institutional investors include Zeke Capital Advisors LLC (5.97%), Massachusetts Financial Services Co. MA (3.12%), Eminence Capital LP (1.91%), Franklin Resources Inc. (1.08%), Long Pond Capital LP (0.76%) and Northern Trust Corp (0.52%). Insiders that own company stock include Frank J Fertitta III and Lorenzo J Fertitta.
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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 $42.46.

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.56 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.

The company employs 7,800 workers across the globe.

Red Rock Resorts was founded in 2006.

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.