Red Rock Resorts, Inc. is a gaming, development and management company. The Company's segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements. It provides gaming and entertainment for residents of the Las Vegas regional market and visitors. Its Las Vegas portfolio includes approximately 10 gaming and entertainment facilities and over 10 smaller casinos, offering approximately 20,300 slot machines, over 350 table games and approximately 4,750 hotel rooms. The Company offers a range of gaming and non-gaming entertainment options. It also controls over seven gaming-entitled development sites consisting of approximately 398 acres in Las Vegas and Reno, Nevada. The Company manages and owns interest in Station Casinos LLC, which is the provider of gaming and entertainment.
Industry, Sector and Symbol:
- Sector: Consumer Discretionary
- Industry: Casinos & Gaming - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:RRR
- CUSIP: N/A
- Web: www.redrockresorts.com
- Market Cap: $2.86861 billion
- Outstanding Shares: 65,700,000
- 50 Day Moving Avg: $23.81
- 200 Day Moving Avg: $23.13
- 52 Week Range: $20.58 - $24.83
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 18.05
- P/E Growth: 6.65
- Annual Revenue: $1.51 billion
- Price / Sales: 1.08
- Book Value: $5.59 per share
- Price / Book: 4.42
- Annual Dividend: $0.40
- Dividend Yield: 1.6%
- EBIDTA: $493.64 million
- Net Margins: 3.58%
- Return on Equity: 10.00%
- Return on Assets: 1.83%
- Debt-to-Equity Ratio: 3.50%
- Current Ratio: 0.91%
- Quick Ratio: 0.87%
- Average Volume: 833,071 shs.
- Beta: 0.53
- Short Ratio: 4.87
Frequently Asked Questions for Red Rock Resorts (NASDAQ:RRR)
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 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.
How were Red Rock Resorts' earnings last quarter?
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.
When will Red Rock Resorts make its next earnings announcement?
Where is Red Rock Resorts' stock going? Where will Red Rock Resorts' stock price be in 2017?
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.
What are analysts saying about Red Rock Resorts stock?
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)
Are investors shorting Red Rock Resorts?
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.
Who are some of Red Rock Resorts' key competitors?
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).
Who are Red Rock Resorts' key executives?
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
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 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 owns Red Rock Resorts stock?
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.
Who sold Red Rock Resorts stock? Who is selling Red Rock Resorts stock?
Who bought Red Rock Resorts stock? Who is buying Red Rock Resorts stock?
How do I buy Red Rock Resorts stock?
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.
What is Red Rock Resorts' stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Red Rock Resorts stock can currently be purchased for approximately $24.73.
Consensus Ratings for Red Rock Resorts (NASDAQ:RRR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.83)|
|Consensus Price Target: ||$26.15 (5.74% upside)|
Analysts' Ratings History for Red Rock Resorts (NASDAQ:RRR)
(Data available from 7/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/14/2017||Stifel Nicolaus||Reiterated Rating||Buy||$27.00||Low|
|6/5/2017||Bank of America Corporation||Reiterated Rating||Buy||$24.50 -> $26.00||Medium|
|3/8/2017||Wells Fargo & Company||Reiterated Rating||Outperform||High|
|1/27/2017||Buckingham Research||Initiated Coverage||Buy||$27.00||N/A|
|12/15/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$23.00||N/A|
|12/7/2016||Deutsche Bank AG||Boost Price Target||Buy||$26.00 -> $28.00||N/A|
|11/4/2016||Imperial Capital||Initiated Coverage||In -> In-Line||$23.00||N/A|
|8/16/2016||Citigroup Inc.||Reiterated Rating||Buy||$25.00||N/A|
|8/16/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
Earnings History for Red Rock Resorts (NASDAQ:RRR)Earnings History by Quarter for Red Rock Resorts (NASDAQ RRR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/14/2017|| || || || || || || || |
|5/4/2017||Q1 2017||$0.37||$0.30||$402.88 million||$417.73 million||View||Listen|
|3/7/2017||Q4 2016||$0.34||$0.37||$396.04 million||$394.60 million||View||Listen|
|11/7/2016||Q3||$0.26||$0.20||$335.42 million||$347.10 million||View||N/A|
|8/15/2016||Q216||$0.40||$0.01||$350.07 million||$351.50 million||View||Listen|
Earnings Estimates for Red Rock Resorts (NASDAQ:RRR)
Current Year EPS Consensus Estimate: $1.26 EPS
Next Year EPS Consensus Estimate: $1.37 EPS
Current Dividend Information for Red Rock Resorts (NASDAQ:RRR)
|Most Recent Dividend:||5/30/2017|
|Payout Ratio:||45.46% (Trailing 12 Months of Earnings) |
31.75% (Based on This Year's Estimates)
29.20% (Based on Next Year's Estimates)
Dividend History by Quarter for Red Rock Resorts (NASDAQ RRR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Red Rock Resorts (NASDAQ:RRR)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Red Rock Resorts (NASDAQ:RRR)
Latest Headlines for Red Rock Resorts (NASDAQ:RRR)
|Head to Head Contrast: Red Rock Resorts (NASDAQ:RRR) & Churchill Downs, (CHDN)|
www.americanbankingnews.com - July 22 at 10:24 AM
|$406.44 Million in Sales Expected for Red Rock Resorts, Inc. (RRR) This Quarter|
www.americanbankingnews.com - July 22 at 8:02 AM
|RED ROCK RESORTS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Red Rock Resorts, Inc. - RRR|
feeds.benzinga.com - July 21 at 11:33 PM
|Red Rock Resorts, Inc. (RRR) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - July 21 at 11:21 AM
|Glancy Prongay & Murray LLP Commences Investigation on Behalf of Red Rock Resorts, Inc. Investors|
finance.yahoo.com - July 19 at 7:26 AM
|Red Rock Resorts, Inc. (NASDAQ:RRR) Cut to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - July 18 at 9:16 AM
|Harwood Feffer LLP Announces Investigation of Red Rock Resorts, Inc.|
finance.yahoo.com - July 17 at 8:33 PM
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Red Rock Resorts, Inc.|
finance.yahoo.com - July 17 at 8:33 PM
|RED ROCK RESORTS (RRR) SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating Red Rock Resorts, Inc. for Potential Securities Violations and Breaches of Fiduciary Duty|
finance.yahoo.com - July 17 at 8:11 AM
|Stifel Nicolaus Reaffirms "Buy" Rating for Red Rock Resorts, Inc. (RRR)|
www.americanbankingnews.com - July 15 at 10:34 AM
|Short Interest in Red Rock Resorts, Inc. (NASDAQ:RRR) Expands By 83.2%|
www.americanbankingnews.com - July 15 at 7:10 AM
|Red Rock Resorts, Inc. – Value Analysis (NASDAQ:RRR) : July 12, 2017|
finance.yahoo.com - July 13 at 8:55 AM
|Red Rock Resorts, Inc. breached its 50 day moving average in a Bullish Manner : RRR-US : July 11, 2017|
finance.yahoo.com - July 11 at 4:52 PM
|Analyzing Caesars Entertainment Corporation (CZR) & Red Rock Resorts (RRR)|
www.americanbankingnews.com - July 5 at 4:27 PM
|Red Rock Resorts, Inc. (NASDAQ:RRR) Downgraded to "Strong Sell" at Zacks Investment Research|
www.americanbankingnews.com - July 5 at 10:46 AM
|Contrasting Red Rock Resorts (NASDAQ:RRR) & Golden Entertainment (GDEN)|
www.americanbankingnews.com - July 2 at 6:26 PM
|$404.83 Million in Sales Expected for Red Rock Resorts, Inc. (RRR) This Quarter|
www.americanbankingnews.com - June 28 at 10:46 AM
|$0.29 Earnings Per Share Expected for Red Rock Resorts, Inc. (RRR) This Quarter|
www.americanbankingnews.com - June 26 at 6:44 PM
|Red Rock Resorts, Inc. (RRR) Expected to Announce Earnings of $0.29 Per Share|
www.americanbankingnews.com - June 26 at 6:44 PM
|Red Rock Resorts, Inc. (RRR) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - June 26 at 10:14 AM
|First Week Of August 18th Options Trading For Red Rock Resorts (RRR)|
www.thestreet.com - June 22 at 11:15 AM
|Red Rock Resorts, Inc. breached its 50 day moving average in a Bearish Manner : RRR-US : June 22, 2017|
finance.yahoo.com - June 22 at 11:15 AM
|Form DEFR14A Red Rock Resorts, Inc.|
www.streetinsider.com - June 16 at 3:37 PM
|ETFs with exposure to Red Rock Resorts, Inc. : June 5, 2017|
finance.yahoo.com - June 5 at 9:37 PM
|Bank of America Corp Reiterates Buy Rating for Red Rock Resorts Inc (RRR)|
www.americanbankingnews.com - June 5 at 8:04 PM
|$404.83 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - June 2 at 1:30 PM
| Brokerages Anticipate Red Rock Resorts Inc (RRR) Will Announce Earnings of $0.29 Per Share|
www.americanbankingnews.com - May 31 at 2:28 PM
|Red Rock Resorts Inc (RRR) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - May 30 at 11:46 AM
|ETFs with exposure to Red Rock Resorts, Inc. : May 23, 2017|
finance.yahoo.com - May 23 at 7:00 PM
|Red Rock Resorts, Inc. :RRR-US: Earnings Analysis: Q1, 2017 By the Numbers : May 22, 2017|
finance.yahoo.com - May 22 at 6:42 PM
|Red Rock Resorts, Inc. to Participate in Nomura/Instinet Gaming, Leisure and Lodging Conference|
finance.yahoo.com - May 15 at 9:35 AM
|Zacks Investment Research Upgrades Red Rock Resorts Inc (RRR) to Hold|
www.americanbankingnews.com - May 14 at 7:04 PM
|Red Rock Resorts, Inc. : RRR-US: Dividend Analysis : May 16th, 2017 (record date) : By the numbers : May 12, 2017|
finance.yahoo.com - May 12 at 10:55 PM
|Red Rock Resorts Inc (RRR) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS|
www.americanbankingnews.com - May 8 at 5:26 PM
|Red Rock Resorts Inc (RRR) Expected to Announce Quarterly Sales of $399.02 Million|
www.americanbankingnews.com - May 7 at 8:14 AM
|Red Rock Resorts (RRR) Reports Q1 EPS of $0.30, Miss on Revenues|
www.streetinsider.com - May 5 at 7:56 PM
|Edited Transcript of RRR earnings conference call or presentation 4-May-17 9:00pm GMT|
finance.yahoo.com - May 5 at 7:56 PM
|$0.36 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - May 5 at 2:28 PM
|Red Rock Resorts (RRR) Q1 2017 Results - Earnings Call Transcript|
www.msn.com - May 5 at 8:06 AM
|Red Rock Resorts Inc Announces Quarterly Dividend of $0.10 (RRR)|
www.americanbankingnews.com - May 4 at 9:04 PM
|Investor Network: Red Rock Resorts, Inc. to Host Earnings Call|
finance.yahoo.com - May 4 at 7:52 PM
|Red Rock Resorts Announces First Quarter 2017 Results|
finance.yahoo.com - May 4 at 7:52 PM
|Red Rock Resorts Inc (RRR) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - May 3 at 12:33 PM
|Red Rock Resorts Announces First Quarter 2017 Conference Call and Earnings Release Date|
finance.yahoo.com - April 26 at 5:39 PM
|$402.95 Million in Sales Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - April 16 at 8:40 AM
|$0.35 EPS Expected for Red Rock Resorts Inc (RRR) This Quarter|
www.americanbankingnews.com - April 14 at 2:56 PM
|Red Rock Resorts, Inc. – Value Analysis (NASDAQ:RRR) : April 13, 2017|
finance.yahoo.com - April 13 at 7:25 PM
|Red Rock Resorts, Inc. breached its 50 day moving average in a Bullish Manner : RRR-US : April 12, 2017|
finance.yahoo.com - April 12 at 1:23 PM
|Station Casinos LLC -- Moody's affirms Stations B1 CFR, downgrades sr secured ratings to B1|
finance.yahoo.com - April 10 at 7:09 PM
|Red Rock Resorts Inc (RRR) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - April 7 at 5:56 PM
Red Rock Resorts (RRR) Chart for Thursday, July, 27, 2017