Red Rock Resorts Stock Today
| RRR Stock | USD 54.37 0.85 1.59% |
Performance1 of 100
| Odds Of DistressLess than 34
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Red Rock is selling at 54.37 as of the 6th of May 2024; that is 1.59 percent increase since the beginning of the trading day. The stock's lowest day price was 53.76. Red Rock has about a 34 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Red Rock Resorts are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of May 2022 and ending today, the 6th of May 2024. Click here to learn more.
Business Domain Consumer Services | IPO Date 27th of April 2016 | Category Consumer Cyclical | Classification Consumer Discretionary |
Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. Red Rock Resorts, Inc. was incorporated in 1976 and is based in Las Vegas, Nevada. Red Rock operates under Resorts Casinos classification in the United States and is traded on NASDAQ Exchange. The company has 59.6 M outstanding shares of which 1.73 M shares are at this time shorted by investors with about 4.32 days to cover. More on Red Rock Resorts
Moving together with Red Stock
| 0.66 | DNUT | Krispy Kreme Financial Report 9th of May 2024 | PairCorr |
Moving against Red Stock
| 0.41 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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Red Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Red Rock's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Red Rock or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President | Jeffrey Welch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Restaraunts Hotels Motels (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NASDAQ Composite, Restaraunts Hotels Motels, Consumer Discretionary, Hotels, Restaurants & Leisure, Resorts & Casinos, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Red Rock report their recommendations after researching Red Rock's financial statements, talking to executives and customers, or listening in on Red Rock's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Red Rock Resorts. The Red consensus assessment is calculated by taking the average forecast from all of the analysts covering Red Rock. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Red Rock's profitability, liquidity, and operating efficiency, Red Rock Resorts is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in June. Financial strength of Red Rock Resorts is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Red Rock's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Red Rock's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Red Rock's financial leverage. It provides some insight into what part of Red Rock's total assets is financed by creditors.
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Red Rock Resorts (RRR) is traded on NASDAQ Exchange in USA. It is located in 1505 South Pavilion Center Drive, Las Vegas, NV, United States, 89135 and employs 9,385 people. Red Rock is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Red Rock's market, we take the total number of its shares issued and multiply it by Red Rock's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Red Rock Resorts runs under Hotels, Restaurants & Leisure sector within Consumer Discretionary industry. The entity has 59.6 M outstanding shares of which 1.73 M shares are at this time shorted by investors with about 4.32 days to cover.
Red Rock Resorts has about 256.27 M in cash with 494.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.42.
Check Red Rock Probability Of Bankruptcy
Ownership AllocationRed Rock owns a total of 59.6 Million outstanding shares. The majority of Red Rock Resorts outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Red Rock Resorts to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Red Rock. Please pay attention to any change in the institutional holdings of Red Rock Resorts as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Red Ownership Details
Red Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Red Rock jumping above the current price in 90 days from now is about 88.41%. The Red Rock Resorts probability density function shows the probability of Red Rock stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.5913 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Red Rock will likely underperform. Additionally, red Rock Resorts has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Red Rock to move above the current price in 90 days from now is about 88.41 (This Red Rock Resorts probability density function shows the probability of Red Stock to fall within a particular range of prices over 90 days) .
Red Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Red Rock that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Red Rock's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Red Rock's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 1.1 M | |
| Franklin Resources Inc | 2023-12-31 | 1 M | |
| Macquarie Group Ltd | 2023-12-31 | 873.7 K | |
| Vaughan Nelson Scarbrgh & Mccullough Lp | 2023-12-31 | 756.2 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 562.8 K | |
| Northern Trust Corp | 2023-12-31 | 550.2 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 540.8 K | |
| Capital World Investors | 2023-12-31 | 466.9 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 385.9 K | |
| Bamco Inc | 2023-12-31 | 10.4 M | |
| Fmr Inc | 2023-12-31 | 5.1 M |
Red Rock Historical Income Statement
Red Rock Resorts Income Statement is one of the three primary financial statements used for reporting Red's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Red Rock Resorts revenue and expense. Red Rock Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Red Rock's Non Operating Income Net Other is relatively stable compared to the past year. As of 05/06/2024, Reconciled Depreciation is likely to grow to about 140.7 M, while Selling And Marketing Expenses is likely to drop slightly above 9.8 M. View More FundamentalsRed Stock Against Markets
Picking the right benchmark for Red Rock stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Red Rock stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Red Rock is critical whether you are bullish or bearish towards Red Rock Resorts at a given time. Please also check how Red Rock's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Red Rock without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Red Rock Corporate Management
Elected by the shareholders, the Red Rock's board of directors comprises two types of representatives: Red Rock inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Red. The board's role is to monitor Red Rock's management team and ensure that shareholders' interests are well served. Red Rock's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Red Rock's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wes Allison | Chief Officer | Profile | |
| Frank III | Chairman CEO | Profile | |
| Scott Kreeger | President | Profile | |
| Rodney Atamian | Exec Strategy | Profile |
How to buy Red Stock?
Before investing in Red Rock, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Red Rock. To buy Red Rock stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Red Rock. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Red Rock stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Red Rock Resorts stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Red Rock Resorts stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Red Rock Resorts, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Red Stock please use our How to Invest in Red Rock guide.
Already Invested in Red Rock Resorts?
The danger of trading Red Rock Resorts is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Red Rock is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Red Rock. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Red Rock Resorts is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Red Rock Resorts is a strong investment it is important to analyze Red Rock's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Red Rock's future performance. For an informed investment choice regarding Red Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Red Stock analysis
When running Red Rock's price analysis, check to measure Red Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.
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Is Red Rock's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Red Rock. If investors know Red will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Red Rock listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Dividend Share 1 | Earnings Share 2.94 | Revenue Per Share 29.79 | Quarterly Revenue Growth 0.088 |
The market value of Red Rock Resorts is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Rock's value that differs from its market value or its book value, called intrinsic value, which is Red Rock's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Red Rock's market value can be influenced by many factors that don't directly affect Red Rock's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Red Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Rock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.