Red Rock Resorts (RRR)

Station Holdco LLC • Station Casinos LLC • NP Palace LLC • NP Boulder LLC • NP Red Rock LLC • Red and Blues, LLC • NP Sunset LLC • NP IP Holdings LLC • NP Development LLC • NP Landco Holdco LLC ...

RRR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$53.00

Low target

$44.00

High target

$64.00

Macquarie

Maintains

Outperform

$64.00

8 Nov 24

Latest filings (excl ownership)

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8-K

Entry into a Material Definitive Agreement

8 Nov 24

Red Rock Resorts Announces Third Quarter 2024 Results

7 Aug 24

Red Rock Resorts Announces Second Quarter 2024 Results

23 Jul 24

8-K

Submission of Matters to a Vote of Security Holders

4 Jun 24

PX14A6G

Letter to shareholders

28 May 24

PX14A6G

Letter to shareholders

9 May 24

Red Rock Resorts Announces First Quarter 2024 Results

7 May 24

Transcripts

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RRR

Earnings call transcript

2024 Q3

7 Nov 24

RRR

Earnings call transcript

2024 Q2

23 Jul 24

RRR

Earnings call transcript

2024 Q1

7 May 24

RRR

Earnings call transcript

2023 Q4

7 Feb 24

RRR

Earnings call transcript

2023 Q3

7 Nov 23

RRR

Earnings call transcript

2023 Q2

3 Aug 23

RRR

Earnings call transcript

2023 Q2

3 Aug 23

RRR

Earnings call transcript

2023 Q1

4 May 23

RRR

Earnings call transcript

2022 Q4

7 Feb 23

RRR

Earnings call transcript

2022 Q3

30 Oct 22

Latest ownership filings

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Notice of proposed sale of securities

29 Jul 24

FRANK J FERTITTA III

15 May 24

Financial summary

Financial statements Chart RRR financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	117.50 mm	117.50 mm	117.50 mm	117.50 mm	117.50 mm	117.50 mm
Cash burn (monthly)	6.32 mm	444.92 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	27.27 mm	1.92 mm	n/a	n/a	n/a	n/a
Cash remaining	90.23 mm	115.58 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	14.3	259.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

RRR institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	204	183	+11.5%
Opened positions	39	29	+34.5%
Closed positions	18	34	-47.1%
Increased positions	71	70	+1.4%
Reduced positions	56	57	-1.8%

13F shares	Current	Prev Q	Change
Total value	2.58 tn	2.55 tn	+1.5%
Total shares	81.41 mm	80.28 mm	+1.4%
Total puts	150.20 k	104.80 k	+43.3%
Total calls	200.30 k	180.10 k	+11.2%
Total put/call ratio	0.7	0.6	+28.9%

Largest owners	Shares	Value	Change
Fertitta Holdco	26.35 mm	$1.33 bn	0.0%
Bamco	10.62 mm	$578.33 bn	+1.0%
Vanguard	5.13 mm	$279.33 bn	+0.1%
FMR	4.55 mm	$247.66 bn	-9.6%
Diamond Hill Capital Management	4.27 mm	$232.69 bn	-2.8%
Par Investment Partners	4.20 mm	$0.00	0.0%
BlackRock	3.71 mm	$201.90 bn	NEW
Massachusetts Financial Services	1.76 mm	$95.56 bn	-0.2%
Eminence Capital	1.51 mm	$82.23 bn	-22.6%
T. Rowe Price Investment Management	1.19 mm	$64.60 mm	+3.6%

Largest transactions	Shares	Bought/sold	Change
BlackRock	3.71 mm	+3.71 mm	NEW
BLK BlackRock	0.00	-3.59 mm	EXIT
GS The Goldman Sachs Group, Inc.	918.12 k	+787.20 k	+601.3%
Citadel Advisors	144.21 k	-672.20 k	-82.3%
FMR	4.55 mm	-484.82 k	-9.6%
Eminence Capital	1.51 mm	-442.21 k	-22.6%
Sequoia Financial Advisors	333.77 k	+325.73 k	+4050.3%
Long Pond Capital	607.83 k	+207.55 k	+51.9%
Norges Bank	0.00	-159.60 k	EXIT
MS Morgan Stanley	384.99 k	+141.13 k	+57.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RRR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Nov 24	Scott Kreeger	CLASS A COMMON STOCK	Payment of exercise	Dispose F	No	No	51.65	1,008	52.06 k	127,400
6 Aug 24	Fertitta Lorenzo J	Class A Common Stock	Buy	Acquire P	Yes	No	52.912	33,000	1.75 mm	47,579,301
6 Aug 24	Fertitta Frank J Iii	Class A Common Stock	Buy	Acquire P	Yes	No	52.912	50,000	2.65 mm	46,115,301
6 Aug 24	Fertitta Frank J Iii	Class A Common Stock	Buy	Acquire P	Yes	No	52.912	17,000	899.50 k	46,065,301
5 Aug 24	Fertitta Lorenzo J	Class A Common Stock	Buy	Acquire P	Yes	No	49.769	33,000	1.64 mm	47,546,301
5 Aug 24	Fertitta Frank J Iii	Class A Common Stock	Buy	Acquire P	Yes	No	49.769	17,000	846.07 k	46,048,301
5 Aug 24	Fertitta Frank J Iii	Class A Common Stock	Buy	Acquire P	Yes	No	49.769	50,000	2.49 mm	46,031,301
2 Aug 24	Fertitta Frank J Iii	Class A Common Stock	Buy	Acquire P	Yes	No	51.91	50,000	2.60 mm	45,981,301
2 Aug 24	Fertitta Frank J Iii	Class A Common Stock	Buy	Acquire P	Yes	No	51.91	17,000	882.47 k	45,931,301
2 Aug 24	Fertitta Lorenzo J	Class A Common Stock	Buy	Acquire P	Yes	No	51.91	33,000	1.71 mm	47,513,301