Zacks Research Issues Positive Estimate for RRR Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Equities researchers at Zacks Research upped their Q2 2026 earnings per share estimates for Red Rock Resorts in a note issued to investors on Tuesday, September 16th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.47 for the quarter, up from their prior forecast of $0.46. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.76 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q1 2027 earnings at $0.49 EPS, Q2 2027 earnings at $0.48 EPS and FY2027 earnings at $1.94 EPS.

Other research analysts have also recently issued reports about the company. Citigroup reaffirmed an “outperform” rating on shares of Red Rock Resorts in a research note on Tuesday. JPMorgan Chase & Co. started coverage on Red Rock Resorts in a research note on Monday, June 23rd. They set an “overweight” rating and a $62.00 price objective on the stock. Morgan Stanley raised their price objective on Red Rock Resorts from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Barclays raised their price objective on Red Rock Resorts from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, Susquehanna reaffirmed a “positive” rating and set a $68.00 price objective (up from $65.00) on shares of Red Rock Resorts in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Red Rock Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $60.82.

Red Rock Resorts Stock Up 1.5%

Shares of NASDAQ:RRR opened at $60.63 on Wednesday. The stock’s 50-day moving average price is $59.00 and its 200-day moving average price is $50.58. Red Rock Resorts has a 12-month low of $35.09 and a 12-month high of $63.60. The stock has a market capitalization of $6.40 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.46. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 11.28.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.55. Red Rock Resorts had a return on equity of 59.97% and a net margin of 8.89%.The business had revenue of $526.27 million for the quarter, compared to the consensus estimate of $485.44 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.

Hedge Funds Weigh In On Red Rock Resorts

Several large investors have recently made changes to their positions in the business. Bamco Inc. NY lifted its holdings in shares of Red Rock Resorts by 5.7% during the second quarter. Bamco Inc. NY now owns 12,269,004 shares of the company’s stock valued at $638,356,000 after purchasing an additional 666,593 shares during the last quarter. Eminence Capital LP raised its holdings in Red Rock Resorts by 23.4% in the 2nd quarter. Eminence Capital LP now owns 3,059,372 shares of the company’s stock worth $159,179,000 after acquiring an additional 581,061 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Red Rock Resorts by 10.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,773,603 shares of the company’s stock worth $92,281,000 after acquiring an additional 171,235 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Red Rock Resorts by 53.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 793,371 shares of the company’s stock worth $41,279,000 after acquiring an additional 277,426 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Red Rock Resorts by 56.2% in the 1st quarter. Millennium Management LLC now owns 430,150 shares of the company’s stock worth $18,656,000 after acquiring an additional 154,839 shares during the last quarter. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Stephen Lawrence Cootey sold 121,400 shares of Red Rock Resorts stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $60.04, for a total transaction of $7,288,856.00. Following the completion of the transaction, the chief financial officer directly owned 260,268 shares in the company, valued at approximately $15,626,490.72. This trade represents a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kord Nichols sold 42,325 shares of Red Rock Resorts stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $58.61, for a total transaction of $2,480,668.25. Following the transaction, the chief operating officer owned 129,361 shares of the company’s stock, valued at $7,581,848.21. The trade was a 24.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 262,703 shares of company stock worth $15,764,672. Insiders own 53.81% of the company’s stock.

Red Rock Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 34.01%.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.