The stock of Red Rock Resorts Inc. (NASDAQ:RRR) decreased by -$0.55 on Friday to finish at $44.36, down -1.22 percent. The last five days have seen an average of 587,060 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $4.35. The average number of shares traded over the last 20 days was 528,180, while the average volume over the last 50 days totaled 493,048.
RRR stock dropped -8.87% since last month. On 08/08/23, the company’s shares reached a one-month low of $43.85. The stock touched a high of $51.35 on 07/26/23, after rallying from a low of $32.88 in 52 weeks. The price of RRR stock has risen by 10.87% or $4.35 this year, reaching a new high 24 times. Still, the stock price is down -13.62% from the 52-week high.
Insider Transactions
RRR stock investors should be aware that Red Rock Resorts Inc. (RRR) stock had its last reported insider trading activity 333 days ago on Sep 15. On Sep 15, EVP & Chief Operating Officer Finch Robert A sold 22,663 shares at $39.41 each. This transaction resulted in the insider making $893,149.
Valuation Metrics
Red Rock Resorts Inc. (RRR) has a trailing price-to-earnings (P/E) ratio of 13.68. Beta for the stock is 2.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.77, the price-to-book (PB) ratio of 25.64.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the three months ended June 29, Red Rock Resorts Inc.’s quick ratio was 0.60, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 31.84, and the total debt to equity ratio is 32.10. As far as profitability goes, gross margin for the trailing twelve months is 64.20% percent. Red Rock Resorts Inc.’s EBITDA margin for the year ended June 29 was 43.40%, whereas its operating margin stood at 37.10% for the same period. Based on annual data, it had gross profit of $1.08 billion and revenue of $1.66 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RRR’s return on assets (ROA) during the last 12 months has been 6.60%. There was a 17.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 359.10%.
Earnings Surprise
According to Red Rock Resorts Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $416.13 million, while revenues fell by -1.47% to $433.64 million. It was predicted that Red Rock Resorts Inc.’s quarterly earnings would be $0.65, but it ended up being $0.63, beating the consensus by 3.20%. EBITDA was $159.65 million for the quarter. At the end of Red Rock Resorts Inc.’s most recent quarter ended June 29, its liabilities totaled 3.57 billion, while its total debt was $3.22 billion. Equity owned by shareholders amounts to $104.38 million.
Technical Picture
Here’s a quick look at Red Rock Resorts Inc.’s (RRR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 30.26%, suggesting the stock is Neutral, with a 32.81% historical volatility rate.
The stochastic %K and %D were 13.06% and 12.54% respectively, while the average true range (ATR) was 1.32. Based on the 14-day stochastic reading of 6.80%, the RSI (14) reading is 34.54%. On the 9-day MACD Oscillator, the stock is at -0.95, and the 14-day reading is at -2.32.
Analyst Ratings
Red Rock Resorts Inc. (NASDAQ: RRR) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Red Rock Resorts Inc. (RRR) an Overweight rating. RRR is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is RRR’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $54.00, with a median target price of $53.00. In analyzing these forecasts, the average price target given by analysts for Red Rock Resorts Inc. (RRR) is $52.00.
