NASDAQ:RRRRed Rock Resorts Stock Price, Forecast & News

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RRR stock has decreased by 4.4% and is now trading at $10.79. View which stocks have been most impacted by Coronavirus.

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.

Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Red Rock Resorts.

Red Rock Resorts Inc (NASDAQ:RRR) issued its earnings results on Tuesday, May, 19th. The company reported ($2.18) EPS for the quarter, missing the Zacks' consensus estimate of $0.13 by $2.31. The company earned $377.40 million during the quarter, compared to analysts' expectations of $393.43 million. Red Rock Resorts had a negative net margin of 9.34% and a positive return on equity of 4.27%. The firm's revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. View Red Rock Resorts' earnings history.

Red Rock Resorts declared a quarterly dividend on Tuesday, February 4th. Investors 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 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, March 12th. View Red Rock Resorts' dividend history.

8 equities research analysts have issued 1 year price objectives for Red Rock Resorts' shares. Their forecasts range from $13.00 to $30.00. On average, they expect Red Rock Resorts' share price to reach $16.75 in the next year. This suggests a possible upside of 55.2% from the stock's current price. View analysts' price targets for Red Rock Resorts.

News stories about RRR stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Red Rock Resorts earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave headlines about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future. View the latest news about Red Rock Resorts.

Red Rock Resorts saw a increase in short interest in June. As of June 15th, there was short interest totaling 5,050,000 shares, an increase of 17.4% from the May 31st total of 4,300,000 shares. Based on an average daily volume of 2,740,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 7.7% of the shares of the company are short sold. View Red Rock Resorts' Current Options Chain.

Some companies that are related to Red Rock Resorts include Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Eldorado Resorts (ERI), Penn National Gaming (PENN), Wyndham Destinations (WYND), Park Hotels & Resorts (PK), Boyd Gaming (BYD), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), GreenTree Hospitality Group (GHG), Studio City International (MSC), Xenia Hotels & Resorts (XHR), Twin River Worldwide (TRWH), Monarch Casino & Resort (MCRI) and Playa Hotels & Resorts (PLYA). View all competitors.

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

(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."

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 $10.79.

Red Rock Resorts has a market capitalization of $1.27 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.

The official website for Red Rock Resorts is 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]