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

Sign in or create an account to add this stock to your watchlist.
$22.90 -0.13 (-0.56 %)
(As of 05/26/2019 01:15 PM ET)
Previous Close$22.90
Today's Range$22.80 - $23.35
52-Week Range$18.78 - $36.99
Volume350,666 shs
Average Volume543,609 shs
Market Capitalization$2.67 billion
P/E Ratio17.48
Dividend Yield1.74%
Beta2.11
Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort in Sonoma County, California; and Gun Lake in Allegan County, Michigan. It operates approximately 20,000 slot machines, 360 table games, and 5,000 hotel rooms. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. is based in Las Vegas, Nevada.

Receive RRR News and Ratings via Email

Sign-up to receive the latest news and ratings for RRR and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:RRR
CUSIPN/A
Phone702-495-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$2.4156 per share
Book Value$7.14 per share

Profitability

Net Income$157.54 million

Miscellaneous

Employees13,800
Market Cap$2.67 billion
Next Earnings Date7/30/2019 (Estimated)
OptionableOptionable

Red Rock Resorts (NASDAQ:RRR) Frequently Asked Questions

What is Red Rock Resorts' stock symbol?

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

How often does Red Rock Resorts pay dividends? What is the dividend yield for Red Rock Resorts?

Red Rock Resorts declared a quarterly dividend on Wednesday, May 1st. Investors of record on Friday, June 14th will be given a dividend of $0.10 per share on Friday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, June 13th. View Red Rock Resorts' Dividend History.

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts Inc (NASDAQ:RRR) released its quarterly earnings results on Tuesday, April, 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.32 by $0.16. The business had revenue of $447 million for the quarter, compared to analyst estimates of $445.50 million. Red Rock Resorts had a net margin of 6.89% and a return on equity of 10.08%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. View Red Rock Resorts' Earnings History.

When is Red Rock Resorts' next earnings date?

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Tuesday, July 30th 2019. View Earnings Estimates for Red Rock Resorts.

What price target have analysts set for RRR?

5 equities research analysts have issued 12 month price objectives for Red Rock Resorts' shares. Their predictions range from $25.00 to $32.00. On average, they anticipate Red Rock Resorts' share price to reach $28.60 in the next year. This suggests a possible upside of 24.9% from the stock's current price. View Analyst Price Targets for Red Rock Resorts.

What is the consensus analysts' recommendation for Red Rock Resorts?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Red Rock Resorts.

Has Red Rock Resorts been receiving favorable news coverage?

Media stories about RRR stock have been trending negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing 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 media sentiment score of -2.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an impact on the company's share price in the near term.

Who are some of Red Rock Resorts' key competitors?

What other stocks do shareholders of Red Rock Resorts own?

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

Who are Red Rock Resorts' key executives?

Red Rock Resorts' management team includes the folowing people:
  • Mr. Frank J. Fertitta III, Chairman & CEO (Age 57)
  • Mr. Richard J. Haskins Esq., Pres (Age 55)
  • Mr. Stephen Cootey, Exec. VP, CFO & Treasurer (Age 50)
  • Mr. Jeffrey T. Welch, Exec. VP & Chief Legal Officer (Age 57)
  • Mr. Joseph J. Hasson, Consultant (Age 63)

When did Red Rock Resorts IPO?

(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.

Who are Red Rock Resorts' major shareholders?

Red Rock Resorts' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (5.39%), BlackRock Inc. (4.02%), FMR LLC (2.15%), Victory Capital Management Inc. (1.07%), Northern Trust Corp (0.76%) and Marshall Wace LLP (0.75%). Company insiders that own Red Rock Resorts stock include Joseph J Hasson and Richard J Haskins. View Institutional Ownership Trends for Red Rock Resorts.

Which major investors are selling Red Rock Resorts stock?

RRR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Diamond Hill Capital Management Inc., Redwood Investments LLC, Renaissance Technologies LLC, Voya Investment Management LLC, FMR LLC, Citigroup Inc. and Macquarie Group Ltd.. View Insider Buying and Selling for Red Rock Resorts.

Which major investors are buying Red Rock Resorts stock?

RRR stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Victory Capital Management Inc., Marshall Wace North America L.P., Penn Capital Management Co. Inc., Wells Fargo & Company MN, SG Americas Securities LLC, Geode Capital Management LLC and Neuberger Berman Group LLC. View Insider Buying and Selling for Red Rock Resorts.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Red Rock Resorts' stock price today?

One share of RRR stock can currently be purchased for approximately $22.90.

How big of a company is Red Rock Resorts?

Red Rock Resorts has a market capitalization of $2.67 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.

What is Red Rock Resorts' official website?

The official website for Red Rock Resorts is http://www.redrockresorts.com/.

How can I contact Red Rock Resorts?

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]


MarketBeat Community Rating for Red Rock Resorts (NASDAQ RRR)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  231 (Vote Underperform)
Total Votes:  477
MarketBeat's community ratings are surveys of what our community members think about Red Rock Resorts and other stocks. Vote "Outperform" if you believe RRR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RRR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/26/2019 by MarketBeat.com Staff

Featured Article: What is net income?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel