Is Red Rock Stock a Good Investment?
Red Rock Investment Advice | RRR |
- Examine Red Rock's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Red Rock's leadership team and their track record. Good management can help Red Rock navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Hotels, Restaurants & Leisure space and any emerging trends that could impact Red Rock's business and its evolving consumer preferences.
- Compare Red Rock's performance and market position to its competitors. Analyze how Red Rock is positioned in terms of product offerings, innovation, and market share.
- Check if Red Rock pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Red Rock's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Red Rock Resorts stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Red Rock Resorts is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Red Rock Stock
Researching Red Rock's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 86.0% of the company shares are owned by institutional investors. The company last dividend was issued on the 16th of December 2024.
To determine if Red Rock is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Red Rock's research are outlined below:
| Red Rock Resorts generated a negative expected return over the last 90 days | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: We Think Red Rock Resorts Is Taking Some Risk With Its Debt |
Red Rock Quarterly Cash And Short Term Investments |
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Red Rock uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Red Rock Resorts. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Red Rock's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Red Rock's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Red Rock's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-11-07 | 2018-09-30 | 0.24 | 0.2 | -0.04 | 16 | ||
2017-05-04 | 2017-03-31 | 0.35 | 0.3 | -0.05 | 14 | ||
2016-11-07 | 2016-09-30 | 0.25 | 0.2 | -0.05 | 20 | ||
2021-02-09 | 2020-12-31 | 0.3 | 0.39 | 0.09 | 30 | ||
2022-05-03 | 2022-03-31 | 0.66 | 0.77 | 0.11 | 16 | ||
2021-11-02 | 2021-09-30 | 0.82 | 0.93 | 0.11 | 13 | ||
2023-11-07 | 2023-09-30 | 0.48 | 0.6 | 0.12 | 25 | ||
2024-11-07 | 2024-09-30 | 0.52 | 0.37 | -0.15 | 28 |
Know Red Rock's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Red Rock is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Red Rock Resorts backward and forwards among themselves. Red Rock's institutional investor refers to the entity that pools money to purchase Red Rock's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-06-30 | 1.1 M | Franklin Resources Inc | 2024-09-30 | 958.2 K | Macquarie Group Ltd | 2024-06-30 | 806.9 K | Amvescap Plc. | 2024-06-30 | 616.5 K | Long Pond Capital, Lp | 2024-09-30 | 607.8 K | Charles Schwab Investment Management Inc | 2024-09-30 | 577.1 K | Northern Trust Corp | 2024-09-30 | 527.7 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 490.4 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 487.7 K | Bamco Inc | 2024-09-30 | 10.6 M | Vanguard Group Inc | 2024-09-30 | 5.1 M |
Red Rock's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 5.11 B.Market Cap |
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Red Rock's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.03 | |
| Return On Capital Employed | 0.15 | 0.09 | |
| Return On Assets | 0.04 | 0.03 | |
| Return On Equity | 1.04 | 1.19 |
Determining Red Rock's profitability involves analyzing its financial statements and using various financial metrics to determine if Red Rock is a good buy. For example, gross profit margin measures Red Rock's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Red Rock's profitability and make more informed investment decisions.
Evaluate Red Rock's management efficiency
Red Rock Resorts has Return on Asset of 0.0935 % which means that on every $100 spent on assets, it made $0.0935 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 1.5726 %, implying that it generated $1.5726 on every 100 dollars invested. Red Rock's management efficiency ratios could be used to measure how well Red Rock manages its routine affairs as well as how well it operates its assets and liabilities. As of 12/01/2024, Return On Equity is likely to grow to 1.19, while Return On Tangible Assets are likely to drop 0.03. At this time, Red Rock's Non Currrent Assets Other are relatively stable compared to the past year. As of 12/01/2024, Total Current Assets is likely to grow to about 294.9 M, while Non Current Assets Total are likely to drop slightly above 3.6 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.21 | 4.00 | |
| Tangible Book Value Per Share | (0.60) | (0.57) | |
| Enterprise Value Over EBITDA | 9.05 | 7.02 | |
| Price Book Value Ratio | 18.28 | 11.70 | |
| Enterprise Value Multiple | 9.05 | 7.02 | |
| Price Fair Value | 18.28 | 11.70 | |
| Enterprise Value | 3.2 B | 3.1 B |
The strategic initiatives led by Red Rock's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.02 | Forward Dividend Yield 0.02 | Forward Dividend Rate 1 | Beta 2.055 |
Basic technical analysis of Red Stock
As of the 1st of December, Red Rock holds the Coefficient Of Variation of (1,149), variance of 3.77, and Risk Adjusted Performance of (0.06). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Red Rock, as well as the relationship between them. Please check Red Rock Resorts coefficient of variation and value at risk to decide if Red Rock Resorts is priced some-what accurately, providing market reflects its current price of 50.09 per share. Given that Red Rock has information ratio of (0.16), we recommend you to check out Red Rock Resorts's recent market performance to make sure the company can sustain itself at a future point.Red Rock's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Red Rock insiders, such as employees or executives, is commonly permitted as long as it does not rely on Red Rock's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Red Rock insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Red Rock's Outstanding Corporate Bonds
Red Rock issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Red Rock Resorts uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Red bonds can be classified according to their maturity, which is the date when Red Rock Resorts has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Red Rock's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Red Rock's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 1.44 | |||
| Coefficient Of Variation | (1,149) | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.77 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 12.47 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.69 | |||
| Skewness | 0.9449 | |||
| Kurtosis | 4.23 |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 1.44 | |||
| Coefficient Of Variation | (1,149) | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.77 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 12.47 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.69 | |||
| Skewness | 0.9449 | |||
| Kurtosis | 4.23 |
Consider Red Rock's intraday indicators
Red Rock intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Red Rock stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Red Rock Corporate Filings
| 14th of November 2024 Other Reports | ViewVerify | |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 8th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 7th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Red Stock media impact
Far too much social signal, news, headlines, and media speculation about Red Rock that are available to investors today. That information is available publicly through Red media outlets and privately through word of mouth or via Red internal channels. However, regardless of the origin, that massive amount of Red data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Red Rock news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Red Rock relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Red Rock's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Red Rock alpha.
Red Rock Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Red Rock can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Red Rock Resorts Historical Investor Sentiment
Investor biases related to Red Rock's public news can be used to forecast risks associated with an investment in Red. The trend in average sentiment can be used to explain how an investor holding Red can time the market purely based on public headlines and social activities around Red Rock Resorts. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Red Rock's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Red Rock and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Red Rock news discussions. The higher the estimate score, the more favorable the investor's outlook on Red Rock.
Red Rock Corporate Management
| Wes Allison | Chief Officer | Profile | |
| Frank III | Chairman CEO | Profile | |
| Scott Kreeger | President | Profile | |
| Rodney Atamian | Exec Strategy | Profile |
Additional Tools for Red Stock Analysis
When running Red Rock's price analysis, check to measure Red Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.