RRR - Red Rock Resorts, Inc.
| Previous Close | 19.70 |
| Open | 19.56 |
| Bid | 19.23 x 1300 |
| Ask | 19.25 x 800 |
| Day's Range | 19.08 - 19.75 |
| 52 Week Range | 16.76 - 33.51 |
| Volume | 1,490,554 |
| Avg. Volume | 753,856 |
| Market Cap | 2.258B |
| Beta (3Y Monthly) | 2.15 |
| PE Ratio (TTM) | 15.08 |
| EPS (TTM) | 1.28 |
| Earnings Date | Feb 28, 2019 - Mar 1, 2019 |
| Forward Dividend & Yield | 0.40 (1.92%) |
| Ex-Dividend Date | 2019-06-13 |
| 1y Target Est | 25.50 |
- Simply Wall St.
Red Rock Resorts (NASDAQ:RRR) Has A Mountain Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- TipRanks
Buy These 3 Services Stocks Based on Insider Activity
When looking for new investment ideas, following corporate insider activity can provide valuable insights. A large buy from someone with in depth knowledge of the company might indicate that a stock is set to outperform. Insider buys can also impact share prices. After two directors purchased shares of Cars.com Inc. (CARS) on August 13, the stock surged 3%. We used all of the above strategies to find 3 hot services stocks insiders are buying. Red Rock Resorts Inc. (RRR)Red Rock Resorts is a gaming, management and development company. It’s best known for operating casinos in Las Vegas and Reno, Nevada. On August 8 and 9, Directors Lorenzo Fertitta and Frank Fertitta III purchased 760,000 shares of RRR at an average price of 18.61 per share. They now own 66% of the company, with the buy costing more than $14 million. The buy sent shares up 2%. The purchase comes shortly after the company reported a second quarter revenue beat combined with an earnings miss on August 6. Despite mixed results from its second quarter, management maintains that its newly renovated Palms casino is on track to generate a strong high-single-digit return next year. Mutual fund manager, Ron Baron, sees the casino as an important catalyst for the company. “Its Palms casino should generate more cash flow, which we expect Red Rock to use to pay down debt and reduce leverage,” he explained. Carlo Santarelli, a five-star analyst according to TipRanks, agrees that RRR’s Palms casino could drive continuous long-term growth for the company. On August 12, the Deutsche Bank analyst reiterated his Buy rating and $24 price target. He thinks share prices could jump 23% over the next twelve months.The rest of the Street is cautiously optimistic about RRR. It has a ‘Moderate Buy’ analyst consensus and a $28 average price target, suggesting 42% upside potential. Caesars Entertainment Corporation (CZR) Caesars is a gaming hotel and casino corporation that operates more than 50 properties as well as seven golf courses.Following a disappointing earnings release on August 5, hedge fund guru, Carl Icahn, increased his stake in the company by 15 million shares, making him a 17% owner. At an average share price of $8.45, the buy set him back $126.8 million. Despite posting a greater loss than analysts originally predicted, revenue did increase 5% from the prior-year quarter to reach $2 billion. Management highlighted Centaur as well as the strength of its Las Vegas hotel and food and beverage businesses as the key drivers of revenue growth. CZR is also expecting to get a boost after its $17 billion merger with Eldorado Resorts (ERI) is finalized.“As we work toward successful completion of the proposed merger with Eldorado Resorts, the management team and I remain focused on improving the company's operations and financial profile through incremental revenue opportunities and operating efficiencies,” CEO Tony Rodio added. It should be noted that Icahn pushed the company to oust former CEO Mark Frissora and replace him with the more deal-oriented Rodio. Santarelli, who also covers CZR, agrees that its strong fundamentals and prospects from its ERI merger make it a compelling buy. On August 7, he maintained his Buy rating and $13 price target. The price target implies share prices could gain 12% over the next twelve months. CZR has a ‘Moderate Buy’ analyst consensus and an average price target of $12, indicating 7% upside potential. Dish Network (DISH) The TV provider has struggled in the past to compete with streaming platforms such as Netflix (NFLX) and Hulu that have threatened its core business. However, it has made significant progress in its efforts to compete with its Sling TV service that allows customers to stream live TV channels. Corporate insiders believe that these efforts will ultimately pay off. From August 5-7, DISH’s Chairman and co-founder, Charles Ergen, bought 500,005 shares at an average price of $31.28 per share. The $15.7 million purchase cemented his standing as a more than 10% owner of the company as well as sent shares soaring by 4%. While DISH reported on July 29 that its second quarter saw a loss of 31,000 subscribers, Ergen sees potential coming from its foray into the wireless business. On July 24, the company announced that it will acquire $5 billion worth of assets from T-Mobile (TMUS) and Sprint (S). The assets include both the Boost Mobile segment of the business and spectrum assets. CEO Erik Carlson explained, “The wireless deal set us in a clear course to become a fourth wireless providers of the nation, and it’s going to happen quickly. I’m confident in our grafted fundamentals and I'm certainly confident in our ability to execute.”Five-star analyst, Colby Synesael, believes that this acquisition can give DISH the advantage it needs to compete. On July 30, he reiterated his Buy rating and raised the price target from $57 to $58. This move suggests that share prices could increase by a whopping 80% over the next twelve months. The Cowen & Co. analyst boasts an 82% success rate and gets an average return of 18% per rating.The TV provider is one of the riskier stocks on our list. It has a ‘Hold’ analyst consensus and a $37 average price target, suggesting 15% upside potential.
- Thomson Reuters StreetEvents
Edited Transcript of RRR earnings conference call or presentation 6-Aug-19 8:30pm GMT
Q2 2019 Red Rock Resorts Inc Earnings Call
- GuruFocus.com
Ron Baron's Baron Growth Fund Shareholder 2nd Quarter Shareholder Letter
Discussion of markets and holdings Continue reading...
- Zacks
Red Rock Resorts (RRR) Q2 Earnings Lag Estimates, Revenues Top
Red Rock Resorts' (RRR) impressive top-line performance in the second quarter 2019 can be attributed to a year-over-year gain in Las Vegas operations.
Motley FoolRed Rock Resorts (Class A) (RRR) Q2 2019 Earnings Call Transcript
RRR earnings call for the period ending June 30, 2019.
- PR Newswire
Red Rock Resorts Announces Second Quarter 2019 Results
LAS VEGAS , Aug. 6, 2019 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) today reported financial results for the second quarter ...
- Zacks
Analysts Estimate Red Rock Resorts, Inc. (RRR) to Report a Decline in Earnings: What to Look Out for
Red Rock Resorts, Inc. (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.
- Simply Wall St.
Introducing Red Rock Resorts (NASDAQ:RRR), The Stock That Dropped 36% In The Last Year
The simplest way to benefit from a rising market is to buy an index fund. But if you buy individual stocks, you can do...
- Zacks
Earnings Preview: Red Rock Resorts, Inc. (RRR) Q2 Earnings Expected to Decline
Red Rock Resorts, Inc. (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.
- PR Newswire
Red Rock Resorts Announces Second Quarter 2019 Conference Call and Earnings Release Date
LAS VEGAS , July 23, 2019 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's ...
- Insider Monkey
Here’s What Hedge Funds Really Think About Red Rock Resorts (RRR)
Hedge fund interest in Red Rock Resorts, Inc. (NASDAQ:RRR) shares was flat at the end of last quarter. This is usually a negative indicator. The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but […]
- Simply Wall St.
Is Red Rock Resorts, Inc.'s (NASDAQ:RRR) CEO Overpaid Relative To Its Peers?
Frank Fertitta has been the CEO of Red Rock Resorts, Inc. (NASDAQ:RRR) since 2015. This report will, first, examine...
- Markit
See what the IHS Markit Score report has to say about Red Rock Resorts Inc.
Red Rock Resorts Inc NASDAQ/NGS:RRRView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for RRR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold RRR had net inflows of $919 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks
Gambling Stock Roundup: Macau Gaming Revenues Solid, MGM Announces Job Cuts
Macau witnesses an increase in Gross Gaming Revenue (GGR) in May. However, flagging China property price continues to impact the high-end VIP segment.
- Simply Wall St.
Can Red Rock Resorts, Inc. (NASDAQ:RRR) Maintain Its Strong Returns?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
- Zacks
Red Rock Resorts, Inc. (RRR) Down 15.5% Since Last Earnings Report: Can It Rebound?
Red Rock Resorts, Inc. (RRR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Thomson Reuters StreetEvents
Edited Transcript of RRR earnings conference call or presentation 30-Apr-19 8:30pm GMT
Q1 2019 Red Rock Resorts Inc Earnings Call
- Zacks
Red Rock Resorts (RRR) Q1 Earnings Miss Estimates, Down Y/Y
Red Rock Resorts' (RRR) top line in first-quarter 2019 gains from robust performance by Las Vegas operations.
- PR Newswire
Red Rock Resorts Announces First Quarter 2019 Results
LAS VEGAS , April 30, 2019 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first ...
- Simply Wall St.
Should You Be Worried About Insider Transactions At Red Rock Resorts, Inc. (NASDAQ:RRR)?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! We often see insiders buying up shares in companies that perform well over the long term. On the other...
