(RRR) Red Rock Resorts - Ratings and Ratios

Red Rock Resorts Inc, a prominent player in the US gaming industry, operates and manages a portfolio of casino and entertainment properties, capitalizing on the lucrative Las Vegas regional market. Through its subsidiary Station Casinos LLC, the company has established a strong presence with properties like Durango Casino & Resort, catering to a loyal customer base. With a history dating back to 1976, the company has evolved significantly, rebranding from Station Casinos Corp to Red Rock Resorts Inc in 2016, reflecting its growth and expanding ambitions.

The companys strategic focus on the Las Vegas market, combined with its diversified portfolio of gaming and entertainment facilities, positions it for continued growth. As a publicly traded company listed on NASDAQ under the ticker symbol RRR, Red Rock Resorts Inc is subject to market scrutiny, with its financial performance and operational metrics closely monitored by investors. The companys commitment to delivering shareholder value is evident in its financials, with a return on equity (RoE) of 78.31%, indicating a strong ability to generate profits.

Analyzing the companys , we observe a positive trend, with the stock price currently at $50.04, above its 20-day and 50-day simple moving averages (SMA20 and SMA50) of $47.62 and $43.60, respectively. The average true range (ATR) of 1.37, equivalent to 2.74%, suggests moderate volatility. Considering the , the companys market capitalization stands at $4.953 billion, with a price-to-earnings (P/E) ratio of 18.49 and a forward P/E of 15.50. Based on these metrics, our forecast indicates a potential price target of $55.00 in the near term, driven by the companys strong financial performance and favorable industry trends.

Our analysis suggests that Red Rock Resorts Inc is poised for continued growth, driven by its solid financials, diversified portfolio, and strategic focus on the Las Vegas market. As the company continues to execute its business plan, we expect its stock price to reflect its improving fundamentals, potentially reaching our forecasted price target. Investors should closely monitor the companys progress, as its strong RoE and expanding market presence make it an attractive investment opportunity in the casinos and gaming sector.