Red Rock Resorts Inc (NASDAQ: RRR) is -4.54% lower on its value in year-to-date trading and has touched a low of $42.63 and a high of $63.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RRR stock was last observed hovering at around $49.69 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $50.03, the stock is -4.11% and -5.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 0.68% at the moment leaves the stock -8.84% off its SMA200. RRR registered 14.68% gain for a year compared to 6-month gain of 3.01%. The firm has a 50-day simple moving average (SMA 50) of $52.8976 and a 200-day simple moving average (SMA200) of $54.947826.
The stock witnessed a -0.50% loss in the last 1 month and extending the period to 3 months gives it a -11.06%, and is -0.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 3.06% over the month.
Red Rock Resorts Inc (RRR) has around 9385 employees, a market worth around $5.28B and $1.91B in sales. Current P/E ratio is 21.71 and Fwd P/E is 28.24. Profit margin for the company is 8.59%. Distance from 52-week low is 17.35% and -20.94% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).
The EPS is expected to shrink by -10.67% this year
278.0 institutions hold shares in Red Rock Resorts Inc (RRR), with institutional investors hold 93.03% of the company’s shares. The shares outstanding are 58.87M, and float is at 50.52M with Short Float at 5.37%. Institutions hold 86.00% of the Float.
The top institutional shareholder in the company is BAMCO INC /NY/ with over 10.52 million shares valued at $577.69 million. The investor’s holdings represent 17.8908 of the RRR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.12 million shares valued at $281.46 million to account for 8.7169 of the shares outstanding. The other top investors are FMR LLC which holds 5.03 million shares representing 8.5639 and valued at over $276.52 million, while DIAMOND HILL CAPITAL MANAGEMENT INC holds 7.4781 of the shares totaling 4.4 million with a market value of $241.46 million.
Red Rock Resorts Inc (RRR) Insider Activity
The most recent transaction is an insider purchase by FERTITTA LORENZO J, the company’s Vice President. SEC filings show that FERTITTA LORENZO J bought 33,000 shares of the company’s common stock on Aug 06 ’24 at a price of $52.91 per share for a total of $1.75 million. Following the purchase, the insider now owns 47.58 million shares.
Red Rock Resorts Inc disclosed in a document filed with the SEC on Aug 05 ’24 that FERTITTA LORENZO J (Vice President) bought a total of 33,000 shares of the company’s common stock. The trade occurred on Aug 05 ’24 and was made at $49.77 per share for $1.64 million. Following the transaction, the insider now directly holds 47.55 million shares of the RRR stock.
Still, SEC filings show that on Aug 06 ’24, FERTITTA FRANK J III (Chief Executive Officer) acquired 67,000 shares at an average price of $52.91 for $3.55 million. The insider now directly holds 46,115,301 shares of Red Rock Resorts Inc (RRR).
