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

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

Red Rock Resorts announced a quarterly dividend on Tuesday, August 6th. Stockholders of record on Friday, September 13th will be given a dividend of $0.10 per share on Friday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 12th. View Red Rock Resorts' Dividend History.

Red Rock Resorts Inc (NASDAQ:RRR) issued its quarterly earnings data on Tuesday, August, 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.04. The company had revenue of $482.90 million for the quarter, compared to analyst estimates of $441.48 million. Red Rock Resorts had a return on equity of 8.09% and a net margin of 1.75%. The business's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. View Red Rock Resorts' Earnings History.

Red Rock Resorts is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Red Rock Resorts.

7 brokers have issued 1-year price objectives for Red Rock Resorts' stock. Their forecasts range from $22.00 to $29.00. On average, they expect Red Rock Resorts' share price to reach $25.8571 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for Red Rock Resorts.

7 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Red Rock Resorts.

News stories about RRR stock have been trending negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Red Rock Resorts earned a news impact score of -2.9 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Red Rock Resorts.

Red Rock Resorts saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,629,100 shares, a drop of 12.1% from the July 31st total of 5,266,400 shares. Based on an average trading volume of 763,300 shares, the short-interest ratio is presently 6.1 days. Approximately 6.9% of the shares of the company are short sold. View Red Rock Resorts' Current Options Chain.

Some companies that are related to Red Rock Resorts include Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Wyndham Destinations (WYND), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Boyd Gaming (BYD), Extended Stay America (STAY), Belmond (BEL), Xenia Hotels & Resorts (XHR), Penn National Gaming (PENN), Studio City International (MSC) and GreenTree Hospitality Group (GHG).

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

(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 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.

Red Rock Resorts' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bamco Inc. NY (8.18%), Diamond Hill Capital Management Inc. (5.90%), Vanguard Group Inc. (5.50%), BlackRock Inc. (3.98%), Cohen & Steers Inc. (3.66%) and JPMorgan Chase & Co. (3.54%). Company insiders that own Red Rock Resorts stock include Frank J Fertitta III, Joseph J Hasson, Lorenzo J Fertitta and Richard J Haskins. View Institutional Ownership Trends for Red Rock Resorts.

RRR stock was sold by a variety of institutional investors in the last quarter, including Lomas Capital Management LLC, Marshall Wace LLP, Allianz Asset Management GmbH, Morgan Stanley, Public Employees Retirement System of Ohio, AXA, Wells Fargo & Company MN and Russell Investments Group Ltd.. View Insider Buying and Selling for Red Rock Resorts.

RRR stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Cohen & Steers Inc., Diamond Hill Capital Management Inc., Marshall Wace North America L.P., Bamco Inc. NY, JPMorgan Chase & Co., Long Pond Capital LP and Janus Henderson Group PLC. Company insiders that have bought Red Rock Resorts stock in the last two years include Frank J Fertitta III, Lorenzo J Fertitta and Richard J Haskins. View Insider Buying and Selling 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 $21.91.

Red Rock Resorts has a market capitalization of $2.57 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.View Additional Information About Red Rock Resorts.

The official website for Red Rock Resorts is http://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]