RED ROCK RESORTS, sold to SG Americas Securities LLC

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RRR Intrinsic Value – Red Rock Resorts ($NASDAQ:RRR), Inc. is a gaming and hospitality company that owns and operates a number of casinos and resorts. Red Rock Resorts was purchased by SG Americas Securities LLC with 10368 shares. The purchase price was not disclosed.

Stock Price

On Thursday, RED ROCK RESORTS stock opened at $39.6 and closed at $39.5, down by 1.2% from prior closing price of 40.0. The company has been in the news recently and the media exposure has been mostly positive. However, the stock price has not seen a corresponding increase.

VI Analysis – RRR Intrinsic Value Calculator

A company’s fundamentals reflect its long term potential and give investors an indication of whether it is undervalued or overvalued. The VI Line app makes it easy to see a company’s fundamentals and calculate its fair value. According to the VI Line, the fair value of RED ROCK RESORTS shares is around $38.5. However, the stock is currently trading at $39.5, which is slightly overvalued by 3%.

VI Peers

The company’s main competitors are Boyd Gaming Corp, Golden Entertainment Inc, and Bloomberry Resorts Corp.

– Boyd Gaming Corp ($NYSE:BYD)

Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and Ohio. Boyd Gaming press releases are available at boydgaming.com. Additional information about Boyd Gaming can be found at https://www.boydgaming.com/.

The company has a market cap of 5.86B as of 2022 and a ROE of 36.77%. The company operates gaming entertainment properties located in various states in the US.

– Golden Entertainment Inc ($NASDAQ:GDEN)

As of 2022, Golden Entertainment, Inc. had a market capitalization of 1.19 billion and a return on equity of 28.98%. The company is a gaming and hospitality company that owns and operates casinos, taverns, and gaming machines in the United States.

– Bloomberry Resorts Corp ($PSE:BLOOM)

The company’s market cap stands at 77.45B as of 2022 and its ROE is 11.83%. The company is engaged in the business of developing, owning and operating resorts.

Summary

If you’re looking for a gaming stock that could provide some solid returns, RED ROCK RESORTS, Inc. is worth considering. The company owns and operates a number of casinos and resorts in the Las Vegas area, and it has been doing well recently. The company’s revenue and earnings have been growing steadily over the past few years, and its stock price has followed suit. Analysts expect the company to continue to perform well in the future, with earnings expected to grow at a healthy clip.

And with a strong balance sheet and plenty of cash flow, the company is in good shape to continue growing. All things considered, RED ROCK RESORTS, Inc. is a gaming stock that looks like a solid investment.