Red Rock Resorts (DB:RRK) - Stock Price, News & Analysis

RRK Stock Overview

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States.

About the company

RRK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 35.3% below our estimate of its fair value

Earnings are forecast to grow 13.12% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 1.67% is not well covered by cash flows

Significant insider selling over the past 3 months

Red Rock Resorts, Inc. Competitors

ZEAL Network

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€758.0m

TUI

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€3.4b

Boyd Gaming

NYSE:BYD

US$6.1b

La Française des Jeux Société anonyme

ENXTPA:FDJ

€6.7b

Price History & Performance

Summary of all time highs, changes and price drops for Red Rock Resorts
Historical stock prices
Current Share Price	US$55.00
52 Week High	US$57.50
52 Week Low	US$36.00
Beta	2.08
1 Month Change	5.77%
3 Month Change	12.70%
1 Year Change	29.72%
3 Year Change	79.74%
5 Year Change	125.59%
Change since IPO	239.40%

Recent updates

Shareholder Returns

	RRK	DE Hospitality	DE Market
7D	-1.8%	1.0%	1.7%
1Y	29.7%	-5.2%	2.3%

Return vs Industry: RRK exceeded the German Hospitality industry which returned -5.7% over the past year.

Return vs Market: RRK exceeded the German Market which returned 2.2% over the past year.

Price Volatility

Is RRK's price volatile compared to industry and market?
RRK volatility
RRK Average Weekly Movement	4.2%
Hospitality Industry Average Movement	5.4%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.1%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: RRK has not had significant price volatility in the past 3 months.

Volatility Over Time: RRK's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1976	9,385	Frank Fertitta	www.redrockresorts.com

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016.

Red Rock Resorts, Inc. Fundamentals Summary

How do Red Rock Resorts's earnings and revenue compare to its market cap?
RRK fundamental statistics
Market cap	€5.79b
Earnings (TTM)	€164.46m
Revenue (TTM)	€1.61b

20.1x

P/E Ratio

2.1x

P/S Ratio

Is RRK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RRK income statement (TTM)
Revenue	US$1.72b
Cost of Revenue	US$626.39m
Gross Profit	US$1.10b
Other Expenses	US$921.69m
Earnings	US$176.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 07, 2024

Earnings per share (EPS)	2.97
Gross Margin	63.67%
Net Profit Margin	10.21%
Debt/Equity Ratio	1,364.5%

How did RRK perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

33%

Payout Ratio

RRK Stock Overview

Rewards

Risk Analysis

Red Rock Resorts, Inc. Competitors

XTRA:TIMA

€758.0m

XTRA:TUI1

€3.4b

NYSE:BYD

US$6.1b

ENXTPA:FDJ

€6.7b

Price History & Performance

Recent News & Updates

Red Rock Resorts, Inc., Annual General Meeting, May 30, 2024

Red Rock Resorts, Inc. to Report Q1, 2024 Results on May 07, 2024

Upcoming dividend of US$0.25 per share

Executive VP recently sold €2.1m worth of stock

Executive VP & Chief Legal Officer recently bought €2.2m worth of stock

Dividend of US$0.25 announced

Recent updates

Red Rock Resorts, Inc., Annual General Meeting, May 30, 2024

Red Rock Resorts, Inc. to Report Q1, 2024 Results on May 07, 2024

Upcoming dividend of US$0.25 per share

Executive VP recently sold €2.1m worth of stock

Executive VP & Chief Legal Officer recently bought €2.2m worth of stock

Dividend of US$0.25 announced

Upcoming dividend of US$1.00 per share at 1.8% yield

Full year 2023 earnings released: EPS: US$3.04 (vs US$3.48 in FY 2022)

Red Rock Resorts, Inc. Declares Cash Dividend on Class A Common Share for the First Quarter of 2024, Payable on March 29, 2024

Red Rock Resorts, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.25 per share at 4.5% yield

Red Rock Resorts, Inc. Declares Cash Dividend on Class A Common Share for the Fourth Quarter of 2023, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$0.61 (vs US$0.86 in 3Q 2022)

Red Rock Resorts, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.25 per share at 4.8% yield

Red Rock Resorts, Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.68 (vs US$0.27 in 2Q 2022)

Red Rock Resorts, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.25 per share at 4.1% yield

Red Rock Resorts, Inc. Declares Cash Dividend for Class A Common Share for the Second Quarter of 2023, Payable on June 30, 2023

Now 20% undervalued

Now 20% undervalued

Now 23% undervalued after recent price drop

Upcoming dividend of US$0.25 per share at 4.6% yield

Now 20% undervalued

Full year 2022 earnings released: EPS: US$3.48 (vs US$3.50 in FY 2021)

Red Rock Resorts, Inc. Declares Cash Dividend for Class A Common Share for the First Quarter of 2023, Payable on March 31, 2023

Red Rock Resorts, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Upcoming dividend of US$0.25 per share

Upcoming dividend of US$1.00 per share

Insufficient new directors

Red Rock Resorts Announces Special Dividend, Payable on December 9, 2022

Third quarter 2022 earnings released: EPS: US$0.86 (vs US$1.03 in 3Q 2021)

Red Rock Resorts, Inc. Declares Cash Dividend for the Fourth Quarter of 2022, Payable on December 30, 2022

Insufficient new directors

Red Rock Resorts, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Red Rock Resorts, Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Red Rock Resorts Announces Permanent Closure of Properties

Red Rock Resorts, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.25 per share

Red Rock Resorts, Inc. Declares a Cash Dividend for the Second Quarter of 2022, Payable on June 30, 2022

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.92 loss in 1Q 2021)

Insufficient new directors

Red Rock Resorts, Inc. to Report Q1, 2022 Results on May 03, 2022

Upcoming dividend of US$0.25 per share

Red Rock Resorts, Inc. Appoints Scott Kreeger as President

Red Rock Resorts, Inc. Announces Reinstatement of Regular Quarterly Dividend, Payable on March 31, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS US$1.03 (vs US$0.62 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$1.24 (vs US$1.02 loss in 2Q 2020)

Red Rock Resorts, Inc.(NasdaqGS:RRR) dropped from Russell 3000E Value Index

First quarter 2021 earnings released: US$0.92 loss per share (vs US$2.18 loss in 1Q 2020)

Red Rock Resorts, Inc. Announces Asset Impairment for the First Quarter Ended March 31, 2021

New 90-day high: €24.60

Full year 2020 earnings released: US$2.13 loss per share (vs US$0.048 loss in FY 2019)

Revenue beats expectations

New 90-day high: €22.20