NASDAQ:RRR Red Rock Resorts - RRR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Red Rock Resorts, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $45.01 +1.56 (+3.59%) (As of 01/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$43.32▼$45.1250-Day Range$38.97▼$45.2652-Week Range$30.98▼$54.29Volume379,721 shsAverage Volume337,636 shsMarket Capitalization$4.68 billionP/E Ratio14.24Dividend Yield2.23%Price Target$46.82 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Red Rock Resorts MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside4.0% Upside$46.82 Price TargetShort InterestBearish4.45% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.64Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth19.53%From $1.69 to $2.02 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.05 out of 5 starsConsumer Discretionary Sector123rd out of 279 stocksHotels & Motels Industry14th out of 26 stocks 1.3 Analyst's Opinion Consensus RatingRed Rock Resorts has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $46.82, Red Rock Resorts has a forecasted upside of 4.0% from its current price of $45.01.Amount of Analyst CoverageRed Rock Resorts has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.45% of the float of Red Rock Resorts has been sold short.Short Interest Ratio / Days to CoverRed Rock Resorts has a short interest ratio ("days to cover") of 5.9.Change versus previous monthShort interest in Red Rock Resorts has recently increased by 15.96%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldRed Rock Resorts pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthRed Rock Resorts has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Red Rock Resorts is 31.65%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Red Rock Resorts will have a dividend payout ratio of 49.50% next year. This indicates that Red Rock Resorts will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RRR. Previous Next 2.6 News and Social Media Coverage News SentimentRed Rock Resorts has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Red Rock Resorts this week, compared to 2 articles on an average week.MarketBeat Follows4 people have added Red Rock Resorts to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Red Rock Resorts insiders have not sold or bought any company stock.Percentage Held by Insiders50.18% of the stock of Red Rock Resorts is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions52.45% of the stock of Red Rock Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Red Rock Resorts are expected to grow by 19.53% in the coming year, from $1.69 to $2.02 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Red Rock Resorts is 14.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Red Rock Resorts is 14.24, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.22.Price to Earnings Growth RatioRed Rock Resorts has a PEG Ratio of 6.89. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioRed Rock Resorts has a P/B Ratio of 95.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Red Rock Resorts (NASDAQ:RRR) StockRed Rock Resorts, Inc. is a holding company engaged in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet spaces, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.Read More Receive RRR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Red Rock Resorts and its competitors with MarketBeat's FREE daily newsletter. Email Address RRR Stock News HeadlinesJanuary 24, 2023 | americanbankingnews.comJMP Securities Increases Red Rock Resorts (NASDAQ:RRR) Price Target to $51.00January 11, 2023 | seekingalpha.comRed Rocks Resorts stock loses bull rating at Truist on valuation callFebruary 1, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 14, 2022 | forbes.comLaying Down Another Bet On Red Rock Resorts With Buy WriteDecember 14, 2022 | finance.yahoo.comImplied Volatility Surging for Red Rock Resorts (RRR) Stock OptionsDecember 12, 2022 | finance.yahoo.comThose who invested in Red Rock Resorts (NASDAQ:RRR) three years ago are up 102%November 25, 2022 | finance.yahoo.comInvestors Shouldn't Overlook Red Rock Resorts' (NASDAQ:RRR) Impressive Returns On CapitalNovember 23, 2022 | seekingalpha.comRed Rock Resorts Remains Solid Long-Term HoldingFebruary 1, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.November 22, 2022 | finance.yahoo.comIs Red Rock Resorts (RRR)’s Stock Price Compelling?November 14, 2022 | finance.yahoo.comRed Rock Resorts Announces Special DividendNovember 9, 2022 | finance.yahoo.comRed Rock Resorts Third Quarter 2022 Earnings: Beats ExpectationsNovember 4, 2022 | finance.yahoo.comRed Rock Resorts, Inc. (NASDAQ:RRR) Shares Could Be 49% Below Their Intrinsic Value EstimateOctober 30, 2022 | seekingalpha.comRed Rock Resorts, Inc. (RRR) Q3 2022 Earnings Call TranscriptOctober 27, 2022 | finance.yahoo.comRed Rock Resorts (RRR) Surpasses Q3 Earnings and Revenue EstimatesOctober 27, 2022 | apnews.comRed Rock Resorts: Q3 Earnings SnapshotOctober 27, 2022 | msn.comRecap: Red Rock Resorts Q3 EarningsOctober 27, 2022 | finance.yahoo.comRed Rock Resorts Announces Third Quarter 2022 ResultsOctober 19, 2022 | finance.yahoo.comIs Now The Time To Put Red Rock Resorts (NASDAQ:RRR) On Your Watchlist?October 5, 2022 | finance.yahoo.comRed Rock Resorts Announces Third Quarter 2022 Conference Call and Earnings Release DateSeptember 27, 2022 | finance.yahoo.comTop Casino Stocks for Q4 2022September 13, 2022 | forbes.comGrabbing Dividend Tomorrow, Rolling Dice For Gains With Red Rock Resorts Buy WriteSeptember 8, 2022 | finance.yahoo.comWhy Is Red Rock Resorts (RRR) Down 4.1% Since Last Earnings Report?September 7, 2022 | za.investing.comRed Rock Resorts a 'Compelling Growth Story,' - JefferiesSeptember 7, 2022 | markets.businessinsider.comWhere Red Rock Resorts Stands With AnalystsSeptember 7, 2022 | seekingalpha.comRed Rock Resorts attracts buy rating from Jefferies on growth potentialSeptember 3, 2022 | finance.yahoo.comLas Vegas Casino Closing, Another Will Take Its PlaceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RRR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Red Rock Resorts and its competitors with MarketBeat's FREE daily newsletter. Email Address RRR Company Calendar Last Earnings11/02/2021Ex-Dividend for 12/9 Dividend11/29/2022Dividend Payable12/09/2022Ex-Dividend for 12/30 Dividend12/14/2022Dividend Payable12/30/2022Today2/01/2023Next Earnings (Confirmed)2/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Hotels & motels Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:RRR CUSIPN/A CIK1653653 Webwww.redrockresorts.com Phone(702) 495-3000FaxN/AEmployees7,800Year Founded2006Price Target and Rating Average Stock Price Forecast$46.82 High Stock Price Forecast$52.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+4.0%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.16 Trailing P/E Ratio14.24 Forward P/E Ratio26.63 P/E Growth6.89Net Income$241.85 million Net Margins15.80% Pretax Margin23.02% Return on Equity753.52% Return on Assets7.59% Debt Debt-to-Equity Ratio352.28 Current Ratio0.74 Quick Ratio0.69 Sales & Book Value Annual Sales$1.62 billion Price / Sales2.89 Cash Flow$3.04 per share Price / Cash Flow14.81 Book Value$0.47 per share Price / Book95.77Miscellaneous Outstanding Shares103,990,000Free Float51,806,000Market Cap$4.68 billion OptionableOptionable Beta2.16 Social Links Key ExecutivesFrank J. FertittaChairman & Chief Executive OfficerScott KreegerPresidentRobert A. FinchChief Operating Officer & Executive Vice PresidentStephen Lawrence CooteyChief Financial Officer, Treasurer & Executive VPJeffrey T. WelchChief Legal Officer & Executive Vice PresidentKey CompetitorsPENN EntertainmentNASDAQ:PENNMelco Resorts & EntertainmentNASDAQ:MLCOTravel + LeisureNYSE:TNLBoyd GamingNYSE:BYDChoice Hotels InternationalNYSE:CHHView All CompetitorsInsiders & InstitutionsNew York State Common Retirement FundBought 49,503 shares on 1/30/2023Ownership: 0.084%Versor Investments LPSold 11,832 shares on 1/30/2023Ownership: 0.013%Comerica BankBought 20,900 shares on 1/26/2023Ownership: 0.254%Strs OhioSold 3,500 shares on 1/26/2023Ownership: 0.021%Dupont Capital Management CorpSold 1,420 shares on 1/26/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions RRR Stock - Frequently Asked Questions Should I buy or sell Red Rock Resorts stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RRR shares. View RRR analyst ratings or view top-rated stocks. What is Red Rock Resorts' stock price forecast for 2023? 10 brokers have issued twelve-month price targets for Red Rock Resorts' stock. Their RRR share price forecasts range from $36.00 to $52.00. On average, they predict the company's share price to reach $46.82 in the next year. This suggests a possible upside of 4.0% from the stock's current price. View analysts price targets for RRR or view top-rated stocks among Wall Street analysts. How have RRR shares performed in 2023? Red Rock Resorts' stock was trading at $40.01 at the start of the year. Since then, RRR shares have increased by 12.5% and is now trading at $45.01. View the best growth stocks for 2023 here. Are investors shorting Red Rock Resorts? Red Rock Resorts saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,180,000 shares, an increase of 16.0% from the December 31st total of 1,880,000 shares. Based on an average daily trading volume, of 368,000 shares, the short-interest ratio is currently 5.9 days. Currently, 4.5% of the shares of the company are short sold. View Red Rock Resorts' Short Interest. When is Red Rock Resorts' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023. View our RRR earnings forecast. How can I listen to Red Rock Resorts' earnings call? Red Rock Resorts will be holding an earnings conference call on Tuesday, February 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7369047". How were Red Rock Resorts' earnings last quarter? Red Rock Resorts, Inc. (NASDAQ:RRR) released its earnings results on Tuesday, November, 2nd. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.40. The company had revenue of $414.77 million for the quarter, compared to analyst estimates of $404.42 million. Red Rock Resorts had a net margin of 15.80% and a trailing twelve-month return on equity of 753.52%. During the same quarter in the prior year, the company posted $0.56 EPS. How often does Red Rock Resorts pay dividends? What is the dividend yield for Red Rock Resorts? Red Rock Resorts declared a None dividend on Monday, November 14th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $1.00 per share on Friday, December 9th. This represents a dividend yield of 9.41%. The ex-dividend date of this dividend is Tuesday, November 29th. Read our dividend analysis for RRR. Is Red Rock Resorts a good dividend stock? Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 49.50% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for RRR. What is Frank J. Fertitta III's approval rating as Red Rock Resorts' CEO? 197 employees have rated Red Rock Resorts Chief Executive Officer Frank J. Fertitta III on Glassdoor.com. Frank J. Fertitta III has an approval rating of 86% among the company's employees. 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), NVIDIA (NVDA), BlackRock (BLK), Endologix (ELGX), Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), Chipotle Mexican Grill (CMG), Eldorado Resorts (ERI) and Delta Air Lines (DAL). When did Red Rock Resorts IPO? (RRR) raised $532 million in an initial public offering (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 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. What is Red Rock Resorts' stock symbol? Red Rock Resorts trades on the NASDAQ under the ticker symbol "RRR." Who are Red Rock Resorts' major shareholders? Red Rock Resorts' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Comerica Bank (0.25%), New York State Common Retirement Fund (0.08%), Strs Ohio (0.02%), Versor Investments LP (0.01%), Connable Office Inc. (0.01%) and Dupont Capital Management Corp (0.01%). Insiders that own company stock include Frank J Fertitta III, Lorenzo J Fertitta and Robert A Finch. View institutional ownership trends. How do I buy shares of Red Rock Resorts? Shares of RRR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Red Rock Resorts' stock price today? One share of RRR stock can currently be purchased for approximately $45.01. How much money does Red Rock Resorts make? Red Rock Resorts (NASDAQ:RRR) has a market capitalization of $4.68 billion and generates $1.62 billion in revenue each year. The company earns $241.85 million in net income (profit) each year or $3.16 on an earnings per share basis. How many employees does Red Rock Resorts have? The company employs 7,800 workers across the globe. Does Red Rock Resorts have any subsidiaries? The following companies are subsidiares of Red Rock Resorts: Amphenol Phoenix (Anji) Telecom Parts Co. Ltd..Read More How can I contact Red Rock Resorts? Red Rock Resorts' mailing address is 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV, 89135. The official website for the company is www.redrockresorts.com. The company can be reached via phone at (702) 495-3000 or via email at investorrelations@redrockresorts.com. This page (NASDAQ:RRR) was last updated on 2/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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