Red Rock Resorts Company Profile (NASDAQ:RRR)

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

Red Rock Resorts declared a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 16th will be given a dividend of $0.10 per share on Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, May 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts, Inc. (NASDAQ:RRR) announced its earnings results on Thursday, May, 4th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.07. The firm had revenue of $417.73 million for the quarter, compared to the consensus estimate of $402.88 million. Red Rock Resorts had a return on equity of 10.00% and a net margin of 3.58%. Red Rock Resorts's quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. View Red Rock Resorts' Earnings History.

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Monday, August, 14th 2017. View Earnings Estimates for Red Rock Resorts.

12 brokers have issued 12-month target prices for Red Rock Resorts' shares. Their forecasts range from $23.00 to $29.00. On average, they anticipate Red Rock Resorts' share price to reach $26.15 in the next twelve months. View Analyst Ratings for Red Rock Resorts.

Here are some recent quotes from research analysts about Red Rock Resorts stock:

• 1. According to Zacks Investment Research, "Red Rock Resorts manage and own an indirect equity interest in Station Casinos LLC. Station is the provider of gaming and entertainment primarily in Las Vegas, Nevada. Red Rock Resorts is based in LAS VEGAS, United States. " (7/18/2017)
• 2. J P Morgan Chase & Co analysts commented, "Following modestly lower 2Q16 LV Locals EBITDA results (up ~2.7% year-over-year on an adjusted basis, versus our estimated 5% growth, and $3.1m below our forecast on lower sports book hold and 1-time expenses related to the 10 th anniversary celebration of its Red Rock property, a total EBITDA impact of ~$3.5m), our 2H16 LV Locals EBITDA goes up 1.4% on higher flow-through assumptions (65% versus our prior conservative 50% assumption). We continue to assume its LV Locals net revenues can grow 3% in the 2H16 (an acceleration from 2Q16’s growth rate but we note that the year-over-year net revenue growth comparisons get easier). We continue to view RRR as possessing an attractive 8% EBITDA CAGR through 2018, driven by (1) improving trends in the Las Vegas economy, aiding RRR’s same-store LV Locals growth, (2) external growth coming from its soon-to-be-acquired Palms Casino Resort (late 3Q16 anticipated close), and (3) growth from its Native American management fee stream. We model no out-year EBITDA contribution from any new developments." (8/16/2016)

Red Rock Resorts saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 4,366,478 shares, an increase of 83.2% from the June 15th total of 2,382,848 shares. Based on an average trading volume of 1,125,473 shares, the short-interest ratio is presently 3.9 days. Currently, 6.5% of the company's stock are sold short.

Some companies that are related to Red Rock Resorts include Churchill Downs, Incorporated (CHDN), Boyd Gaming Corporation (BYD), Ladbrokes Coral Group PLC (LCL), William Hill plc (WMH), Caesars Entertainment Corporation (CZR), Eldorado Resorts (ERI), Pinnacle Entertainment (PNK), 888 Holdings Public Limited Company (888), Rank Group PLC (RNK), Jackpotjoy PLC (JPJ), Golden Entertainment (GDEN), Sportech plc (SPO), Betfair Group Ltd (BET), Bwin.party Digital Entertainment Plc (BPTY), Isle of Capri Casinos (ISLE) and Ladbrokes Coral Group PLC (LAD).

Red Rock Resorts' management team includes the folowing people:

• Frank J. Fertitta III, Chairman of the Board, Chief Executive Officer
• Richard J. Haskins, President
• Marc J. Falcone, Chief Financial Officer, Executive Vice President, Treasurer
• Daniel J. Roy, Chief Operating Officer, Executive Vice President
• Stephen L. Cootey, Executive Vice President, Chief Administrative Officer
• James E. Nave, Lead Independent Director
• Robert A. Cashell Sr., Independent Director
• Lorenzo J. Fertitta, Independent Director
• Robert E. Lewis, Independent Director

(RRR) raised $532 million in an initial public offering 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 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 a variety of of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (6.99%), Russell Investments Group Ltd. (0.51%) and Creative Planning (0.02%). View Institutional Ownership Trends for Red Rock Resorts.

Red Rock Resorts' stock was sold by a variety of institutional investors in the last quarter, including Creative Planning. View Insider Buying and Selling for Red Rock Resorts.

Red Rock Resorts' stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Red Rock Resorts.

Shares of Red Rock Resorts can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Red Rock Resorts stock can currently be purchased for approximately $24.73.