Red Rock Resorts (RRR)

• Market cap: $2.74B
• 1 day: -0.52%
• 5 days: 0.66%
• 1 month: -11.32%
• 3 months: -15.65%
• 6 months: -14.62%
• Year to date: -14.02%
• 1 year: -14.02%
• 5 years: 90.22%
• 10 years: 145.56%
• 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)

138% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 16

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 4% downside
• Avg. target: $59 27% upside
• High target: $65 42% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Mizuho Ben Chaiken 58% 1-year accuracy 33 / 57 met price target	4% downside $44	Neutral Downgraded	25 Nov 2024
Macquarie Chad Beynon 53% 1-year accuracy 21 / 40 met price target	39% upside $64	Outperform Maintained	8 Nov 2024
Barclays Brandt Montour 46% 1-year accuracy 39 / 85 met price target	35% upside $62	Overweight Maintained	8 Nov 2024
Truist Securities Barry Jonas 55% 1-year accuracy 18 / 33 met price target	26% upside $58	Hold Maintained	23 Oct 2024
Wells Fargo Daniel Politzer 57% 1-year accuracy 30 / 53 met price target	26% upside $58	Equal-Weight Maintained	17 Oct 2024