Red Rock Resorts Inc

Company Profile

Red Rock Resorts Inc had its IPO on 2016-04-27 under the ticker symbol RRR.

The company operates in the Consumer Cyclical sector and Resorts & Casinos industry. Red Rock Resorts Inc has a staff strength of 7,850 employees.

Stock update

Shares of Red Rock Resorts Inc opened at $46.67 at the start of the last trading session i.e. 2023-06-03.

The stocks traded within a range of $46.4 - $47.58, and closed at $47.15.

This is a +2.41% increase from the previous day's closing price.

A total volume of 470,700 shares were traded at the close of the day’s session.

In the last one week, shares of Red Rock Resorts Inc have increased by +2.5%.

Red Rock Resorts Inc's Key Ratios

Red Rock Resorts Inc has a market cap of $2.74 billion, indicating a price to book ratio of 75.148 and a price to sales ratio of 1.4648.

In the last 12-months Red Rock Resorts Inc’s revenue was $1.70 billion with a gross profit of $1.08 billion and an EBITDA of $719.48 million. The EBITDA ratio measures Red Rock Resorts Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Red Rock Resorts Inc’s operating margin was 35% while its return on assets stood at 11.03% with a return of equity of 40.29%.

In Q1, Red Rock Resorts Inc’s quarterly earnings growth was a negative -3.3% while revenue growth was a positive 8%.

Red Rock Resorts Inc’s PE and PEG Ratio

Forward PE

11.4155

Trailing PE

13.7866

PEG

9.37

Its diluted EPS in the last 12-months stands at $3.42 per share while it has a forward price to earnings multiple of 11.4155 and a PEG multiple of 9.37. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Red Rock Resorts Inc’s profitability.

Red Rock Resorts Inc stock is trading at a EV to sales ratio of 3.1426 and a EV to EBITDA ratio of 8.3133. Its price to sales ratio in the trailing 12-months stood at 1.4648.

Red Rock Resorts Inc stock pays annual dividends of $1 per share, indicating a yield of 2.19% and a payout ratio of 58.72%.

Balance sheet and cash flow metrics

Total Assets

$3.52 billion

Total Liabilities

$335.76 million

Operating Cash Flow

$-179971000.00

Capital Expenditure

$177.61 million

Dividend Payout Ratio

58.72%

Red Rock Resorts Inc ended 2023 with $3.52 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.52 billion while shareholder equity stood at $75.08 million.

Red Rock Resorts Inc ended 2023 with $0 in deferred long-term liabilities, $335.76 million in other current liabilities, 583000.00 in common stock, $73.33 million in retained earnings and $195.68 million in goodwill. Its cash balance stood at $107.71 million and cash and short-term investments were $107.71 million. The company’s total short-term debt was $26,067,000 while long-term debt stood at $3.03 billion.

Red Rock Resorts Inc’s total current assets stands at $218.11 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $66.04 million compared to accounts payable of $16.40 million and inventory worth $13.42 million.

In 2023, Red Rock Resorts Inc's operating cash flow was $-179971000.00 while its capital expenditure stood at $177.61 million.

Comparatively, Red Rock Resorts Inc paid $0.59 in dividends in 2023.

Other key metrics

Current Trading Price

$47.15

52-Week High

$49.81

52-Week Low

$29.7532

Analyst Target Price

$52.3

Red Rock Resorts Inc stock is currently trading at $47.15 per share. It touched a 52-week high of $49.81 and a 52-week low of $49.81. Analysts tracking the stock have a 12-month average target price of $52.3.

Its 50-day moving average was $45.62 and 200-day moving average was $42.09 The short ratio stood at 3.51 indicating a short percent outstanding of 0%.

Around 843.7% of the company’s stock are held by insiders while 9585.6% are held by institutions.