Red Rock Resorts
RRR

$55.04

4.03%

Market Cap: $3.28B

About: Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically located casino and entertainment properties. It generates a majority of its revenue from Casino.

Employees: 7,850

Consumer Discretionary Hotels & Motels

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

55% more call options, than puts

Call options by funds: $10.6M | Put options by funds: $6.86M

32% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 57

0.87% less ownership

Funds ownership: 84.94% [Q1] → 84.07% (-0.87%) [Q2]

5% less funds holding

Funds holding: 191 [Q1] → 181 (-10) [Q2]

10% less capital invested

Capital invested by funds: $3.01B [Q1] → $2.72B (-$288M) [Q2]

29% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 35

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$54

2%

downside

Avg. target

$63

15%

upside

High target

$70

27%

upside

10 analyst ratings

4 positive

40%

6 neutral

60%

0 negative

0%

Morgan Stanley Stephanie Grambling 100% 1-year accuracy 3 / 3 met price target	2%upside $56	Equal-Weight Maintained	4 Sept 2024
Barclays Brandt Montour 44% 1-year accuracy 24 / 54 met price target	18%upside $65	Overweight Maintained	24 Jul 2024
Stifel Steve Wieczynski 0% 1-year accuracy 0 / 2 met price target	13%upside $62	Hold Maintained	24 Jul 2024
JP Morgan Joseph Greff 30% 1-year accuracy 6 / 20 met price target	25%upside $69	Overweight Maintained	24 Jul 2024
Susquehanna Joseph Stauff 46% 1-year accuracy 13 / 28 met price target	27%upside $70	Positive Maintained	24 Jul 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Red Rock Resorts Rises 15% in 3 Months: How to Play the Stock?

In the past three months, Red Rock Resorts, Inc. RRR shares have gained 14.9%, underperforming the Zacks Gaming industry while riding above the Zacks Consumer Discretionary sector and the S&P 500 Index. During the same time frame, the industry, the sector and the S&P 500 Index grew 17.3%, 4.7% and 6.3%, respectively.

Red Rock Resorts Rises 15% in 3 Months: How to Play the Stock?

Monarch And MGM Are Our Top Picks With Compelling P/Es Among Our 'Big Six'

The casino sector offers attractive P/E ratios, with brick-and-mortar casinos presenting solid entry points despite the online gaming craze. Monarch Casino & Resort, Inc. and MGM Resorts International are top picks, undervalued with strong growth potential and prudent management strategies. The US casino industry is projected to grow at a 12% CAGR to 2030, with record visitation and robust regional growth.

Monarch And MGM Are Our Top Picks With Compelling P/Es Among Our 'Big Six'

Red Rock Resorts Update: The Bullish Trend Remains Intact

Red Rock Resorts, Inc. shares reached new highs in April 2024 and have shown a bullish trend since the pandemic lows in March 2020. Despite deteriorating Factors and Dividend Grades, Red Rock Resorts continues to outperform leading casino operators and reward investors. Union issues have not stopped Red Rock Resorts' upward trajectory, with the company facing labor disputes but still showing strong performance in the sector.

Red Rock Resorts Update: The Bullish Trend Remains Intact

Zacks Investment Research

Red Rock Resorts (RRR) Q2 Earnings & Revenues Top Estimates

Red Rock Resorts' (RRR) second-quarter results benefit from solid Las Vegas operations and Durango Casino Resort performance.

Red Rock Resorts (RRR) Q2 Earnings & Revenues Top Estimates

Red Rock Resorts, Inc. (RRR) Q2 2024 Earnings Call Transcript

Red Rock Resorts, Inc. (NASDAQ:RRR ) Q2 2024 Earnings Conference Call July 23, 2024 4:30 PM ET Corporate Participants Stephen Cootey - Executive Vice President, Chief Financial Officer and Treasurer Frank Fertitta - Chief Executive Officer Scott Kreeger - President Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Jordan Bender - JMP Steve Wieczynski - Stifel Barry Jonas - Truist Securities Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Chad Beynon - Macquarie Brandt Montour - Barclays John DeCree - CBRE David Katz - Jefferies Operator Good afternoon, everyone, and welcome to the Red Rock Resorts Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.

Red Rock Resorts, Inc. (RRR) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Red Rock Resorts (RRR) Q2 Earnings

The headline numbers for Red Rock Resorts (RRR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Red Rock Resorts (RRR) Q2 Earnings

Zacks Investment Research

Red Rock Resorts (RRR) Q2 Earnings and Revenues Beat Estimates

Red Rock Resorts (RRR) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.65 per share a year ago.

Red Rock Resorts (RRR) Q2 Earnings and Revenues Beat Estimates

Red Rock Resorts Announces Second Quarter 2024 Results

LAS VEGAS , July 23, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the second quarter ended June 30, 2024. Second Quarter Results Consolidated Operations Net revenues were $486.4 million for the second quarter of 2024, an increase of 16.9%, or $70.3 million, from $416.1 million in the same period of 2023.

Red Rock Resorts Announces Second Quarter 2024 Results

Zacks Investment Research

Analysts Estimate Red Rock Resorts (RRR) to Report a Decline in Earnings: What to Look Out for

Red Rock Resorts (RRR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Red Rock Resorts (RRR) to Report a Decline in Earnings: What to Look Out for

Red Rock Resorts Announces Revised Date of Second Quarter 2024 Conference Call and Earnings Release Date

LAS VEGAS , July 8, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the second quarter 2024 on Tuesday, July 23, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m.

Red Rock Resorts Announces Revised Date of Second Quarter 2024 Conference Call and Earnings Release Date

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