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 19,219 slot machines; 319 table games; and 4,316 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:RRR
Previous Symbol
CUSIPN/A
Phone702-495-3000
Debt
Debt-to-Equity Ratio3.29
Current Ratio0.72
Quick Ratio0.68
Price-To-Earnings
Trailing P/E Ratio35.55
Forward P/E Ratio19.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.62 billion
Price / Sales1.59
Cash Flow$1.9165 per share
Price / Cash11.50
Book Value$5.49 per share
Price / Book4.01
Profitability
EPS (Most Recent Fiscal Year)$0.62
Net Income$35.15 million
Net Margins10.84%
Return on Equity12.27%
Return on Assets2.43%
Miscellaneous
Employees13,540
Outstanding Shares116,550,000
Market Cap$2.73 billion
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 Monday, November 5th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.10 per share on Monday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 13th. View Red Rock Resorts' Dividend History.
How were Red Rock Resorts' earnings last quarter?
Red Rock Resorts Inc (NASDAQ:RRR) announced its quarterly earnings data on Wednesday, November, 7th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.04. The company earned $412.30 million during the quarter, compared to analyst estimates of $409.03 million. Red Rock Resorts had a return on equity of 12.27% and a net margin of 10.84%. The company's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. View Red Rock Resorts' Earnings History.
When is Red Rock Resorts' next earnings date?
What price target have analysts set for RRR?
8 analysts have issued 1 year target prices for Red Rock Resorts' stock. Their predictions range from $25.00 to $39.00. On average, they expect Red Rock Resorts' stock price to reach $34.7143 in the next year. This suggests a possible upside of 58.9% from the stock's current price. View Analyst Price Targets for Red Rock Resorts.
What is the consensus analysts' recommendation for Red Rock Resorts?
8 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 4 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 coverage about RRR stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing 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 1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Red Rock Resorts' key competitors?
Some companies that are related to Red Rock Resorts include InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Sunstone Hotel Investors (SHO), Eldorado Resorts (ERI), Boyd Gaming (BYD), Penn National Gaming (PENN), Xenia Hotels & Resorts (XHR), Belmond (BEL) and Tropicana Entertainment (TPCA).
Who are Red Rock Resorts' key executives?
Red Rock Resorts' management team includes the folowing people:
- Mr. Frank J. Fertitta III, Chairman & CEO (Age 56)
- Mr. Richard J. Haskins Esq., Pres (Age 54)
- Mr. Stephen Cootey, Exec. VP, CFO & Treasurer (Age 49)
- Mr. Joseph J. Hasson, Exec. VP & COO (Age 62)
- Mr. Jeffrey T. Welch, Exec. VP & Chief Legal Officer (Age 56)
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 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.
Who are Red Rock Resorts' major shareholders?
Red Rock Resorts' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bamco Inc. NY (7.09%), Diamond Hill Capital Management Inc. (5.10%), Cohen & Steers Inc. (4.94%), BlackRock Inc. (4.09%), FMR LLC (1.75%) and Point72 Asset Management L.P. (1.56%). 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 Point72 Asset Management L.P., FMR LLC, TIAA CREF Investment Management LLC, Alliancebernstein L.P., Penn Capital Management Co. Inc., Teachers Advisors LLC, PNC Financial Services Group Inc. and AXA. 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 American Century Companies Inc., Cohen & Steers Inc., Diamond Hill Capital Management Inc., Allianz Asset Management GmbH, Victory Capital Management Inc., Deutsche Bank AG, Schroder Investment Management Group and Renaissance Technologies 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 $21.85.
How big of a company is Red Rock Resorts?
Red Rock Resorts has a market capitalization of $2.73 billion and generates $1.62 billion in revenue each year. The company earns $35.15 million in net income (profit) each year or $0.62 on an earnings per share basis. Red Rock Resorts employs 13,540 workers across the globe.
What is Red Rock Resorts' official website?
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)
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.
