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

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

Red Rock Resorts announced a quarterly dividend on Tuesday, August 6th. Investors of record on Friday, September 13th will be given a dividend of $0.10 per share on Friday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, September 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts Inc (NASDAQ:RRR) released its quarterly earnings data on Tuesday, August, 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by $0.04. The business had revenue of $482.90 million for the quarter, compared to analysts' expectations of $441.48 million. Red Rock Resorts had a return on equity of 8.09% and a net margin of 1.75%. The firm's revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $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 Wall Street analysts have issued 12-month price targets for Red Rock Resorts' shares. Their predictions range from $22.00 to $29.00. On average, they anticipate Red Rock Resorts' share price to reach $25.8571 in the next year. This suggests a possible upside of 19.7% 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 coverage about RRR stock has been trending somewhat negative this week, InfoTrie reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Red Rock Resorts earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Red Rock Resorts.

Red Rock Resorts saw a drop in short interest in August. As of August 31st, there was short interest totalling 4,629,100 shares, a drop of 12.1% from the July 31st total of 5,266,400 shares. Based on an average daily trading volume, of 763,300 shares, the days-to-cover ratio is currently 6.1 days. Approximately 6.9% of the shares of the stock are short sold. View Red Rock Resorts' Current Options Chain.

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

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), Micron Technology (MU), Transocean (RIG) and Och-Ziff Capital Management Group (OZM).

(RRR) raised $532 million in an initial public offering 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' stock is owned by many different of retail and institutional investors. Top institutional investors include Bamco Inc. NY (8.18%), Diamond Hill Capital Management Inc. (5.90%), Vanguard Group Inc. (5.50%), BlackRock Inc. (3.98%), Cohen & Steers Inc. (3.66%) and JPMorgan Chase & Co. (3.54%). Company insiders that own Red Rock Resorts stock include Frank J Fertitta III, Joseph J Hasson, Lorenzo J Fertitta and Richard J Haskins. View Institutional Ownership Trends for Red Rock Resorts.

RRR stock was sold by a variety of institutional investors in the last quarter, including Lomas Capital Management LLC, Marshall Wace LLP, Allianz Asset Management GmbH, Morgan Stanley, Public Employees Retirement System of Ohio, AXA, Wells Fargo & Company MN and Russell Investments Group Ltd.. View Insider Buying and Selling for Red Rock Resorts.

RRR stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Cohen & Steers Inc., Diamond Hill Capital Management Inc., Marshall Wace North America L.P., Bamco Inc. NY, JPMorgan Chase & Co., Long Pond Capital LP and Janus Henderson Group PLC. Company insiders that have bought Red Rock Resorts stock in the last two years include Frank J Fertitta III, Lorenzo J Fertitta and Richard J Haskins. 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 $21.60.

Red Rock Resorts has a market capitalization of $2.53 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]