Red Rock Resorts (RRR)

• Market cap: $2.89B
• 1 day: -0.21%
• 5 days: 0.64%
• 1 month: 6.92%
• 3 months: -4.94%
• 6 months: -2.26%
• Year to date: 8.54%
• 1 year: -10.21%
• 5 years: 81.73%
• 10 years: 159.57%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

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

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]

1% more capital invested

Capital invested by funds: $2.75B [Q2] → $2.77B (+$27.7M) [Q3]

Research analyst outlook

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

• Low target: $44 9% downside
• Avg. target: $55 14% upside
• High target: $64 32% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Susquehanna Joseph Stauff 60% 1-year accuracy 18 / 30 met price target	24% upside $60	Positive Maintained	4 Feb 2025
JMP Securities Aaron Hecht 50% 1-year accuracy 27 / 54 met price target	17% upside $57	Market Outperform Maintained	16 Jan 2025
Truist Securities Barry Jonas 68% 1-year accuracy 25 / 37 met price target	1% upside $49	Hold Maintained	14 Jan 2025
Jefferies Cassandra Lee 0 / 0 met price target	5% upside $51	Hold Downgraded	3 Jan 2025
Mizuho Ben Chaiken 60% 1-year accuracy 35 / 58 met price target	9% downside $44	Neutral Downgraded	25 Nov 2024