Red Rock Resorts (RRR) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RRR shares.
View RRR analyst ratings or view top-rated stocks.

12 Wall Street research analysts have issued 12 month target prices for Red Rock Resorts' shares. Their RRR share price targets range from $53.00 to $69.00. On average, they predict the company's stock price to reach $60.67 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
View analysts price targets for RRR or view top-rated stocks among Wall Street analysts.

Red Rock Resorts' stock was trading at $53.33 at the beginning of 2024. Since then, RRR stock has increased by 8.5% and is now trading at $57.86.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our RRR earnings forecast.

Red Rock Resorts will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "1775004".

Red Rock Resorts, Inc. (NASDAQ:RRR) posted its quarterly earnings data on Wednesday, February, 7th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.55. The firm had revenue of $462.71 million for the quarter, compared to analysts' expectations of $440.75 million. Red Rock Resorts had a net margin of 10.21% and a trailing twelve-month return on equity of 114.32%. The business's revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS.

Red Rock Resorts declared a quarterly dividend on Wednesday, February 7th. Investors of record on Friday, March 15th will be given a dividend of $0.25 per share on Friday, March 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for RRR.

Red Rock Resorts (NASDAQ:RRR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.67%. The dividend payout ratio is 33.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRR will have a dividend payout ratio of 46.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRR.

ETFs with the largest weight of Red Rock Resorts (NASDAQ:RRR) stock in their portfolio include Invesco Leisure and Entertainment ETF (PEJ), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), B.A.D. Etf (BAD), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco DWA SmallCap Momentum ETF (DWAS) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).Small Cap US Equity Select ETF (RNSC).

197 employees have rated Red Rock Resorts Chief Executive Officer Frank J. Fertitta III on Glassdoor.com. Frank J. Fertitta III has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Rock Resorts investors own include Xtrackers California Municipal Bond ETF (CA), NVIDIA (NVDA), BlackRock (BLK), Endologix (ELGX), Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), Chipotle Mexican Grill (CMG), Eldorado Resorts (ERI) and Delta Air Lines (DAL).

Red Rock Resorts (RRR) raised $532 million in an 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' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.90%). Insiders that own company stock include Robert A Finch and Stephen Lawrence Cootey.
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Shares of RRR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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