NASDAQ:RRRRed Rock Resorts Stock Price, Forecast & News

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RRR shares have decreased by 12.1% and is now trading at $9.92. View which stocks have been most impacted by Coronavirus.

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

Red Rock Resorts is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Red Rock Resorts.

Red Rock Resorts Inc (NASDAQ:RRR) posted its quarterly earnings data on Tuesday, May, 19th. The company reported ($2.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $2.31. The firm earned $377.40 million during the quarter, compared to analyst estimates of $393.43 million. Red Rock Resorts had a negative net margin of 9.34% and a positive return on equity of 4.27%. Red Rock Resorts's revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. View Red Rock Resorts' earnings history.

Red Rock Resorts announced a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.10 per share on Friday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, March 12th. View Red Rock Resorts' dividend history.

8 Wall Street analysts have issued 12 month price targets for Red Rock Resorts' stock. Their forecasts range from $13.00 to $30.00. On average, they expect Red Rock Resorts' stock price to reach $16.75 in the next twelve months. This suggests a possible upside of 68.9% from the stock's current price. View analysts' price targets for Red Rock Resorts.

News articles about RRR stock have been trending somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Red Rock Resorts earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Red Rock Resorts.

Red Rock Resorts saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,220,000 shares, a decrease of 16.4% from the June 15th total of 5,050,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the short-interest ratio is currently 1.6 days. Approximately 6.4% of the company's shares are sold short. View Red Rock Resorts' Current Options Chain.

Some companies that are related to Red Rock Resorts include Choice Hotels International (CHH), Eldorado Resorts (ERI), Wyndham Hotels & Resorts (WH), Penn National Gaming (PENN), Wyndham Destinations (WYND), Park Hotels & Resorts (PK), Boyd Gaming (BYD), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), GreenTree Hospitality Group (GHG), Studio City International (MSC), Xenia Hotels & Resorts (XHR), Twin River Worldwide (TRWH), Monarch Casino & Resort (MCRI) and Playa Hotels & Resorts (PLYA). View all competitors.

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), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Transocean (RIG), Aegean Marine Petroleum Network (ANW) and Zoetis (ZTS).

(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.

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

Red Rock Resorts' stock is owned by many different retail and institutional investors. Top institutional investors include Dfpg Investments LLC (0.02%). 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 acquired by a variety of institutional investors in the last quarter, including Dfpg Investments 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 activity 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 $9.92.

Red Rock Resorts has a market capitalization of $1.16 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 14,000 workers across the globe.

The official website for Red Rock Resorts is 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]