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

Company Overview

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market. 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. was founded in 1976 and is based in Las Vegas, Nevada.

Key Stats

• Today's Range: $44.94 to $46.63
• 50-Day Range: $45.40 to $56.61
• 52-Week Range: $44.94 to $63.28
• Volume: 628,078 shs
• Average Volume: 495,502 shs
• Market Capitalization: $4.84 billion
• P/E Ratio: 16.96
• Dividend Yield: 2.18%
• Price Target: $60.42
• Consensus Rating: Moderate Buy

Red Rock Resorts Stock Analysis - MarketRank™

Red Rock Resorts scored higher than 97% of companies evaluated by MarketBeat, and ranked 14th out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Red Rock Resorts has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Red Rock Resorts has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 24.31%

Earnings Growth

Earnings for Red Rock Resorts are expected to grow by 24.31% in the coming year, from $1.44 to $1.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Red Rock Resorts is 16.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.49.

Price to Earnings Ratio vs. Sector

The P/E ratio of Red Rock Resorts is 16.96, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.33.

Price to Earnings Growth Ratio

Red Rock Resorts has a PEG Ratio of 6.69. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Red Rock Resorts has a P/B Ratio of 19.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.45% of the float of Red Rock Resorts has been sold short.

Short Interest Ratio / Days to Cover

Red Rock Resorts has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Red Rock Resorts has recently decreased by 21.05%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Red Rock Resorts pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Red Rock Resorts does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Red Rock Resorts is 37.04%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Red Rock Resorts will have a dividend payout ratio of 55.87% next year. This indicates that Red Rock Resorts will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.45% of the float of Red Rock Resorts has been sold short.

Short Interest Ratio / Days to Cover

Red Rock Resorts has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Red Rock Resorts has recently decreased by 21.05%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.73

News Sentiment

Red Rock Resorts has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Red Rock Resorts this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for RRR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Red Rock Resorts to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Red Rock Resorts insiders have not sold or bought any company stock.

Percentage Held by Insiders

53.28% of the stock of Red Rock Resorts is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

47.84% of the stock of Red Rock Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RRR Stock Analysis - Frequently Asked Questions

How have RRR shares performed this year?

Red Rock Resorts' stock was trading at $53.33 on January 1st, 2024. Since then, RRR shares have decreased by 14.2% and is now trading at $45.78.
View the best growth stocks for 2024 here.

How were Red Rock Resorts' earnings last quarter?

Red Rock Resorts, Inc. (NASDAQ:RRR) issued its quarterly earnings data on Tuesday, July, 23rd. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.16. The company's quarterly revenue was up 16.9% compared to the same quarter last year.

Does Red Rock Resorts have any subsidiaries?

Red Rock Resorts subsidiaries include these companies: Amphenol Phoenix (Anji) Telecom Parts Co. Ltd..

When did Red Rock Resorts IPO?

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.

Who are Red Rock Resorts' major shareholders?

Top institutional shareholders of Red Rock Resorts include Bamco Inc. NY (10.06%), FMR LLC (4.31%), Diamond Hill Capital Management Inc. (4.05%) and Massachusetts Financial Services Co. MA (1.66%). Insiders that own company stock include Lorenzo J Fertitta, Frank J Fertitta III, Stephen Lawrence Cootey, Robert A Finch and Kord Nichols.
View institutional ownership trends.

How do I buy shares of Red Rock Resorts?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Red Rock Resorts own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Red Rock Resorts investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 7/23/2024
• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Ex-Dividend for 12/31 Dividend: 12/16/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NASDAQ:RRR
• CUSIP: N/A
• CIK: 1653653
• Web: www.redrockresorts.com
• Phone: (702) 495-3000
• Fax: N/A
• Employees: 9,385
• Year Founded: 2006

Price Target and Rating

• Average Stock Price Target: $60.42
• High Stock Price Target: $70.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: +32.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.70
• Trailing P/E Ratio: 16.96
• Forward P/E Ratio: 31.79
• P/E Growth: 6.69
• Net Income: $176 million
• Net Margins: 8.59%
• Pretax Margin: 18.56%
• Return on Equity: 73.20%
• Return on Assets: 4.11%

Debt

• Debt-to-Equity Ratio: 14.28
• Current Ratio: 1.02
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $1.91 billion
• Price / Sales: 2.54
• Cash Flow: $2.72 per share
• Price / Cash Flow: 16.82
• Book Value: $2.33 per share
• Price / Book: 19.65

Miscellaneous

• Outstanding Shares: 105,619,000
• Free Float: 49,345,000
• Market Cap: $4.84 billion
• Optionable: Optionable
• Beta: 2.00