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NASDAQ:RRRRed Rock Resorts Stock Price, Forecast & News

$14.21
-0.09 (-0.63 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$13.91
Now: $14.21
$15.00
50-Day Range
$8.34
MA: $10.47
$14.30
52-Week Range
$2.76
Now: $14.21
$27.91
Volume2.57 million shs
Average Volume2.87 million shs
Market Capitalization$1.67 billion
P/E RatioN/A
Dividend Yield2.80%
Beta2.57
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 approximately 20,000 slot machines, 360 table games, and 5,000 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:RRR
CUSIPN/A
Phone702-495-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.86 billion
Cash Flow$1.99 per share
Book Value$5.07 per share

Profitability

Net Income$-3,350,000.00

Miscellaneous

Employees14,000
Market Cap$1.67 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Red Rock Resorts (NASDAQ:RRR) Frequently Asked Questions

How has Red Rock Resorts' stock been impacted by COVID-19 (Coronavirus)?

Red Rock Resorts' stock was trading at $11.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RRR shares have increased by 25.9% and is now trading at $14.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Red Rock Resorts?

9 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Red Rock Resorts.

When is Red Rock Resorts' next earnings date?

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.

How were Red Rock Resorts' earnings last quarter?

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

How often does Red Rock Resorts pay dividends? What is the dividend yield for Red Rock Resorts?

Red Rock Resorts announced a quarterly dividend on Tuesday, February 4th. Investors 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 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, March 12th. View Red Rock Resorts' dividend history.

What price target have analysts set for RRR?

9 brokerages have issued 12 month price objectives 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 $18.11 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price. View analysts' price targets for Red Rock Resorts.

Has Red Rock Resorts been receiving favorable news coverage?

Media headlines about RRR stock have been trending very negative on Friday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog 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 news sentiment score of -3.4 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutRed Rock Resorts.

Are investors shorting Red Rock Resorts?

Red Rock Resorts saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,710,000 shares, an increase of 47.8% from the April 30th total of 2,510,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 5.7% of the company's shares are sold short. View Red Rock Resorts' Current Options Chain.

Who are some of Red Rock Resorts' key competitors?

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), 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).

Who are Red Rock Resorts' key executives?

Red Rock Resorts' management team includes the following people:
  • Mr. Frank J. Fertitta III, Chairman & CEO (Age 57)
  • Mr. Richard J. Haskins Esq., Pres (Age 55)
  • Mr. Stephen Cootey, Exec. VP, CFO & Treasurer (Age 50)
  • Mr. Jeffrey T. Welch, Exec. VP & Chief Legal Officer (Age 57)
  • Mr. Joseph J. Hasson, Consultant (Age 63)

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 variety of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (5.71%), Cohen & Steers Inc. (4.69%), BlackRock Inc. (4.19%), Schroder Investment Management Group (2.15%), Eminence Capital LP (2.01%) and JPMorgan Chase & Co. (1.84%). 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.

Which institutional investors are selling Red Rock Resorts stock?

RRR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Thrivent Financial for Lutherans, Wellington Management Group LLP, Schroder Investment Management Group, Nuveen Asset Management LLC, Serengeti Asset Management LP, Crystal Rock Capital Management, and Diamond Hill Capital Management Inc.. View insider buying and selling activity for Red Rock Resorts.

Which institutional investors are buying Red Rock Resorts stock?

RRR stock was acquired by a variety of institutional investors in the last quarter, including Eminence Capital LP, Par Capital Management Inc., Cohen & Steers Inc., BlackRock Inc., Trexquant Investment LP, Balyasny Asset Management LLC, Geode Capital Management LLC, and Dynamic Technology Lab Private Ltd. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Red Rock Resorts' stock price today?

One share of RRR stock can currently be purchased for approximately $14.21.

How big of a company is Red Rock Resorts?

Red Rock Resorts has a market capitalization of $1.67 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.

What is Red Rock Resorts' official website?

The official website for Red Rock Resorts is www.redrockresorts.com.

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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