Red Rock Resorts
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
0
Funds holding %
of 6,815 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
192% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 13
53% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $8.37M
26% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 57
12% more funds holding
Funds holding: 180 [Q2] → 202 (+22) [Q3]
1.06% more ownership
Funds ownership: 84.44% [Q2] → 85.5% (+1.06%) [Q3]
2% more capital invested
Capital invested by funds: $2.73B [Q2] → $2.77B (+$41.8M) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$44
2%
downside
Avg. target
$55
21%
upside
High target
$64
42%
upside
6 analyst ratings
2 positive
33%
4 neutral
67%
0 negative
0%
Truist Securities Barry Jonas 44% 1-year accuracy 16 / 36 met price target | 9%upside $49 | Hold Maintained | 14 Jan 2025 |
Jefferies Cassandra Lee 0 / 0 met price target | 13%upside $51 | Hold Downgraded | 3 Jan 2025 |
Mizuho Ben Chaiken 54% 1-year accuracy 31 / 57 met price target | 2%downside $44 | Neutral Downgraded | 25 Nov 2024 |
Macquarie Chad Beynon 45% 1-year accuracy 18 / 40 met price target | 42%upside $64 | Outperform Maintained | 8 Nov 2024 |
Barclays Brandt Montour 44% 1-year accuracy 37 / 85 met price target | 38%upside $62 | Overweight Maintained | 8 Nov 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Red Rock Resorts Announces Date of Fourth Quarter and Full Year 2024 Conference Call and Earnings Release Date
LAS VEGAS , Jan. 13, 2025 /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 fourth quarter and full year 2024 on Tuesday, February 11, 2025 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m.
Positive
Zacks Investment Research
4 days ago
Will Red Rock Resorts (RRR) Beat Estimates Again in Its Next Earnings Report?
Red Rock Resorts (RRR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Negative
Seeking Alpha
1 month ago
Red Rock Resorts: A Buy On Any Dip
Red Rock Resorts' new Durango property is performing well, despite some cannibalization from nearby properties. The $1 billion land bank value isn't fully reflected in RRR's current stock price. RRR's management is highly regarded, but Quant ratings suggest a Sell due to growth concerns.
Neutral
Seeking Alpha
2 months ago
Red Rock Resorts, Inc. (RRR) Q3 2024 Earnings Call Transcript
Red Rock Resorts, Inc. (NASDAQ:RRR ) Q3 2024 Earnings Conference Call November 7, 2024 6:00 PM ET Company Participants Stephen Cootey - Chief Financial Officer, Executive Vice President and Treasurer Scott Kreeger - President Lorenzo Fertitta - Vice Chairman, Board Conference Call Participants Joseph Greff - JPMorgan Carlo Santarelli - Deutsche Bank Steve Wieczynski - Stifel David Katz - Jefferies Stephen Grambling - Morgan Stanley Barry Jonas - Truist Securities Brandt Montour - Barclays John DeCree - CBRE Daniel Politzer - Wells Fargo Operator Good afternoon and welcome to Red Rock Resorts Third Quarter 2024 Conference Call. All participants will be in a listen-only mode.
Positive
Zacks Investment Research
2 months ago
Red Rock Resorts Q3 Earnings & Revenues Surpass Estimates
RRR's third-quarter top line reflects solid contributions from Las Vegas operations.
Neutral
Zacks Investment Research
2 months ago
Compared to Estimates, Red Rock Resorts (RRR) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Red Rock Resorts (RRR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 months ago
Red Rock Resorts (RRR) Q3 Earnings and Revenues Beat Estimates
Red Rock Resorts (RRR) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.60 per share a year ago.
Neutral
PRNewsWire
2 months ago
Red Rock Resorts Announces Third Quarter 2024 Results
LAS VEGAS , Nov. 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the third quarter ended September 30, 2024. Third Quarter Results Consolidated Operations Net revenues were $468.0 million for the third quarter of 2024, an increase of 13.7%, or $56.4 million, from $411.6 million in the same period of 2023.
Positive
Zacks Investment Research
2 months ago
Seeking Clues to Red Rock Resorts (RRR) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Red Rock Resorts (RRR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Negative
Zacks Investment Research
2 months ago
Earnings Preview: Red Rock Resorts (RRR) Q3 Earnings Expected to Decline
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.
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