Red Rock Resorts Inc (NASDAQ: RRR) is 12.09% higher on its value in year-to-date trading and has touched a low of $34.36 and a high of $60.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RRR stock was last observed hovering at around $50.51 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $50.75, the stock is 3.90% and 12.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.47 million and changing 0.48% at the moment leaves the stock 6.42% off its SMA200. RRR registered 0.64% gain for a year compared to 6-month loss of 4.73%.
The stock witnessed a 9.21% gain in the last 1 month and extending the period to 3 months gives it a 14.34%, and is 4.19% up 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 2.76% over the week and 2.43% over the month.
Red Rock Resorts Inc (RRR) has around 9300 employees, a market worth around $5.38B and $1.95B in sales. Current P/E ratio is 22.33 and Fwd P/E is 28.48. Profit margin for the company is 8.01%. Distance from 52-week low is 47.71% and -16.04% from its 52-week high. The company has generated returns on investments over the last 12 months (4.35%).
The EPS is expected to grow by 7.66% this year
The shares outstanding are 60.09M, and float is at 48.39M with Short Float at 5.67%.
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 17.8042 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 8.6747 of the shares outstanding. The other top investors are FMR LLC which holds 5.03 million shares representing 8.5224 and valued at over $276.52 million, while DIAMOND HILL CAPITAL MANAGEMENT INC holds 7.4419 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).
