How to Buy Red Rock Resorts Stock
Red Rock Resorts Inc
Red Rock Resorts, Inc. , through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States.
Red Rock Resorts stock last closed at $59.85, up 1.56% from the previous day, and has increased 28.46% in one year. It has overperformed other stocks in the Resorts & Casinos industry by 0.44 percentage points. Red Rock Resorts stock is currently +58.25% from its 52-week low of $37.82, and -5.43% from its 52-week high of $63.29.
As of Apr 24, 2024, there are 105.19M RRR shares outstanding. The market value of RRR is $6.30B. In the past 24 hours, 380,143 RRR shares were traded.
How to Buy Red Rock Resorts Stock
Wondering how to invest in Red Rock Resorts stock? Here's how.
- Decide where to buy Red Rock Resorts stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Red Rock Resorts stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Research Red Rock Resorts stock: The Red Rock Resorts ticker symbol is RRR. Is Red Rock Resorts stock a good investment? Should you buy shares of RRR? How do RRR's underlying business fundamentals look? Do top analysts think Red Rock Resorts is a good buy? Why has RRR's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if RRR is a good stock to buy).
- Execute your RRR trade: Decide if you will purchase RRR shares at the current market price or use a limit order to buy RRR stock at a specific price.
- Monitor your investment in RRR: Create a watchlist to the latest updates on your position in Red Rock Resorts shares.
Step 1: Decide where to buy Red Rock Resorts stock
You will need an online brokerage account in order to access the NASDAQ market and buy RRR shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you are able to invest in RRR today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on mobile trading apps, you can securely and quickly fund your account:
Watch the video below for more details depositing funds into your brokerage account.
Step 4: Research Red Rock Resorts stock
Once you have selected the best place to buy Red Rock Resorts stock, it's absolutely critical to evaluate their stock before you buy, so you truly wrap your head around the risk and opportunity.
Red Rock Resorts Numbers
Red Rock Resorts Zen Score
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on RRR's stock page.
Is RRR stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RRR's intrinsic value.
Using relative valuations methods:
- RRR may be overvalued based on its P/E ratio of 19.69x, relative to Resorts & Casinos industry P/E ratio of 16.26x
- RRR could be overvalued based on its P/B ratio of 37.29x, relative to Resorts & Casinos industry P/B ratio of 4.29x
You can access more valuation analysis on RRR's stock here.
RRR Financial Overview
Pros:
- RRR has $137.59M in cash and short term investments. This is sufficient to cover its annual cash burn of $207.29M.
Cons:
- RRR has a relatively high debt to equity ratio of 21.98.
- RRR profit margin has gone down from 12.3% to 10.2% in the past year.
- There are more short-term liabilities than short-term assets on the RRR balance sheet.
- There are more long-term liabilities than short-term assets on the RRR balance sheet.
- Total RRR debt is higher than 5 years ago, relative to shareholder equity.
- RRR has cash burn of 207287000. It does not have sufficient cash and short-term investments to cover this.
Do Wall Street analysts think it's a good time to buy Red Rock Resorts stock
Out of 12 Equities analysts who monitor RRR, the consensus analyst rating on RRR is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest RRR Analyst Upgrades/Downgrades
Joseph Greff, a top 35% analyst from JP Morgan maintains RRR with a strong buy rating and raises their RRR price target from $63.00 to $69.00, on Apr 1, 2024.
Ben Chaiken, a bottom 14% analyst from Mizuho initiates coverage on RRR with a strong buy rating and announces their RRR price target of $69.00, on Mar 26, 2024.
Joseph Stauff, a top 5% analyst from Susquehanna maintains RRR with a strong buy rating and raises their RRR price target from $52.00 to $66.00, on Feb 8, 2024.
Daniel Politzer, a top 17% analyst from Wells Fargo maintains RRR with a strong buy rating and raises their RRR price target from $57.00 to $62.00, on Feb 8, 2024.
Carlo Santarelli, a top 9% analyst from Deutsche Bank maintains RRR with a strong buy rating and raises their RRR price target from $54.00 to $62.00, on Jan 24, 2024.
You can dig deeper into what analysts are forecasting on the Red Rock Resorts stock forecast page.
RRR Momentum
RRR Earnings
Last year, RRR earnings were $176.00M. Over the last 5 year, RRR's earnings have grown by 5.92% per year. This was slower than the Resorts & Casinos industry average of 10.52%.
Last year, RRR revenue was $1.72B. In the past 5 year, RRR's revenue has gone up by 0.51% per year. This was slower than the Resorts & Casinos industry average of 4.52%.
Dive into RRR's earnings and revenue performance here.
Are RRR executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at RRR have bought more shares than they have sold.
Stephen Lawrence Cootey, EVP Chief Financial Officer of RRR, was the latest RRR insider to sell. They sold $434,234.88 worth of RRR stock on Feb 23, 2024.
Learn more about who owns RRR stock here.
Does RRR provide a stable income stream?
No, Red Rock Resorts doesn't provide an income stream by paying out dividends.
RRR Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your RRR trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Click the Open button and your broker will execute the order.
If you want additional info about buying stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in RRR
Now that you own some RRR shares, you'll want to keep up with your new stock purchase.
Put RRR on a watchlist to monitor your RRR stock.
RRR Feed
How to Buy Stock in Red Rock Resorts
To reiterate, here are the 6 steps to buy Red Rock Resorts stock:
- Decide where to buy Red Rock Resorts stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Red Rock Resorts stock
- Execute your RRR trade
- Monitor your investment in RRR
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your new investment in Red Rock Resorts, create your watchlist below.
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