NASDAQ:RRR - Red Rock Resorts Stock Price, Forecast & News

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

Red Rock Resorts declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, March 13th will be given a dividend of $0.10 per share on Friday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, March 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts Inc (NASDAQ:RRR) announced its quarterly earnings results on Tuesday, February, 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.11 by $0.06. The company earned $460.80 million during the quarter, compared to analyst estimates of $464.30 million. Red Rock Resorts had a negative net margin of 0.18% and a positive return on equity of 6.25%. Red Rock Resorts's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. View Red Rock Resorts' Earnings History.

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Red Rock Resorts.

9 brokers have issued 1 year target prices for Red Rock Resorts' shares. Their forecasts range from $22.00 to $31.00. On average, they expect Red Rock Resorts' share price to reach $27.38 in the next year. This suggests a possible upside of 1.9% from the stock's current price. View Analyst Price Targets for Red Rock Resorts.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Red Rock Resorts.

News stories about RRR stock have been trending very positive this week, InfoTrie reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Red Rock Resorts earned a coverage optimism score of 3.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Red Rock Resorts.

Red Rock Resorts saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,450,000 shares, a drop of 5.5% from the January 15th total of 3,650,000 shares. Based on an average daily trading volume, of 526,700 shares, the days-to-cover ratio is presently 6.6 days. Approximately 5.2% of the company's shares are short sold. View Red Rock Resorts' Current Options Chain.

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

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), NIC (EGOV), Athabasca Oil (ATH), Transocean (RIG), Aegean Marine Petroleum Network (ANW), Hudson Technologies (HDSN) and Express (EXPR).

(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 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' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bamco Inc. NY (8.24%), Diamond Hill Capital Management Inc. (5.86%), Cohen & Steers Inc. (4.39%), Schroder Investment Management Group (2.73%), Zeke Capital Advisors LLC (2.37%) and Thrivent Financial for Lutherans (1.79%). Company insiders that own Red Rock Resorts stock include Frank J Fertitta III, Joseph J Hasson and Lorenzo J Fertitta. View Institutional Ownership Trends for Red Rock Resorts.

RRR stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., J. Goldman & Co LP, Bamco Inc. NY, Thrivent Financial for Lutherans, Penn Capital Management Co. Inc., FMR LLC, Alliancebernstein L.P. and Mutual of America Capital Management LLC. View Insider Buying and Selling for Red Rock Resorts.

RRR stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Goldman Sachs Group Inc., Cohen & Steers Inc., Schroder Investment Management Group, Guggenheim Capital LLC, Zeke Capital Advisors LLC, Aigen Investment Management LP and Franklin Street Capital Partners LLC. Company insiders that have bought Red Rock Resorts stock in the last two years include Frank J Fertitta III and Lorenzo J Fertitta. 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 $26.87.

Red Rock Resorts has a market capitalization of $3.15 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 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]