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 brokers have issued twelve-month price targets for Red Rock Resorts' stock. Their RRR share price forecasts range from $36.00 to $52.00. On average, they predict the company's share price to reach $46.82 in the next year. This suggests a possible upside of 4.0% 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 at the start of the year. Since then, RRR shares have increased by 12.5% and is now trading at $45.01.
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Red Rock Resorts saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,180,000 shares, an increase of 16.0% from the December 31st total of 1,880,000 shares. Based on an average daily trading volume, of 368,000 shares, the short-interest ratio is currently 5.9 days. Currently, 4.5% of the shares of the company are short sold.
View Red Rock Resorts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our RRR earnings forecast.

Red Rock Resorts will be holding an earnings conference call on Tuesday, February 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7369047".

Red Rock Resorts, Inc. (NASDAQ:RRR) released its earnings results on Tuesday, November, 2nd. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.40. The company had revenue of $414.77 million for the quarter, compared to analyst estimates of $404.42 million. Red Rock Resorts had a net margin of 15.80% and a trailing twelve-month return on equity of 753.52%. During the same quarter in the prior year, the company posted $0.56 EPS.

Red Rock Resorts declared a None dividend on Monday, November 14th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $1.00 per share on Friday, December 9th. This represents a dividend yield of 9.41%. The ex-dividend date of this dividend is Tuesday, November 29th.
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 2.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 49.50% 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 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 a number of institutional and retail investors. Top institutional shareholders include Comerica Bank (0.25%), New York State Common Retirement Fund (0.08%), Strs Ohio (0.02%), Versor Investments LP (0.01%), Connable Office Inc. (0.01%) and Dupont Capital Management Corp (0.01%). 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 $45.01.

Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.68 billion and generates $1.62 billion in revenue each year. The company earns $241.85 million in net income (profit) each year or $3.16 on an earnings per share basis.

The company employs 7,800 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.