Streetbeat News

RRR

Red Rock Resorts, Inc.

https://www.redrockresorts.com

Industry

Gambling, Resorts & Casinos

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas 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 incorporated in 1976 and is based in Las Vegas, Nevada.

Open

50.14

Mkt cap

Volume

419K

High

50.38

P/E Ratio

18.19

52-wk high

63.28

Low

49.14

Div yield

0.04

52-wk low

47.18

Red Rock Resorts' new Durango property is performing well, but there are concerns about growth and cannibalization from nearby properties. The company's $1 billion land bank value isn't fully reflected in its stock price. Despite high regard for management, Quant ratings suggest a Sell.

Portfolio Pulse from

December 12, 2024 | 11:00 pm

Red Rock Resorts, Inc. (RRR) held its Q3 2024 earnings conference call on November 7, 2024. Key company participants included Stephen Cootey, Scott Kreeger, and Lorenzo Fertitta. The call featured questions from analysts at major financial institutions.

Portfolio Pulse from

November 09, 2024 | 9:00 pm

Red Rock Resorts (RRR) reported third-quarter earnings and revenues that surpassed estimates, driven by strong performance in its Las Vegas operations.

Portfolio Pulse from

November 08, 2024 | 3:30 pm

Red Rock Resorts (RRR) released its Q3 earnings, providing insights into its performance compared to Wall Street estimates and year-ago values.

Portfolio Pulse from

November 08, 2024 | 1:45 am

Red Rock Resorts (RRR) reported Q3 earnings of $0.48 per share, surpassing the Zacks Consensus Estimate of $0.37. However, this is a decrease from the $0.60 per share reported a year ago.

Portfolio Pulse from

November 08, 2024 | 1:15 am

Red Rock Resorts reported a 13.7% increase in net revenues for Q3 2024, reaching $468 million compared to $411.6 million in Q3 2023.

Portfolio Pulse from

November 07, 2024 | 10:45 pm

The DOJ supports a lawsuit accusing Las Vegas hotels, including Caesars Entertainment Inc., of using algorithms to fix prices. The case, dismissed by a district court, is now on appeal and could impact similar future cases.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:13 pm

Analysts have varied ratings for Red Rock Resorts (NASDAQ:RRR), with recent price targets averaging $59.25, a decrease from $61.50. The company's financials show strong revenue growth and financial health, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:00 pm

Truist Securities has maintained a Hold rating on Red Rock Resorts (NASDAQ:RRR) while lowering the price target from $63 to $58.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:57 pm

Red Rock Resorts (NASDAQ:RRR) has been analyzed by 10 analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target is $63.7, with a high of $70.00 and a low of $56.00. Recent analyst actions include both raises and lowers in ratings and price targets. The company has shown strong financial performance with a 16.89% revenue growth rate, a net margin of 7.33%, and an ROE of 24.25%, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:00 pm

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