Zacks Research Predicts Higher Earnings for Red Rock Resorts

Red Rock Resorts, Inc. (NASDAQ:RRR) – Analysts at Zacks Research increased their Q1 2026 earnings per share estimates for Red Rock Resorts in a research report issued on Tuesday, September 16th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.49 for the quarter, up from their prior forecast of $0.48. Zacks Research currently 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’ Q4 2026 earnings at $0.45 EPS and FY2026 earnings at $1.78 EPS.

Red Rock Resorts (NASDAQ:RRR) last posted its 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 company had revenue of $526.27 million for the quarter, compared to analyst estimates of $485.44 million. During the same quarter last year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.

A number of other analysts have also commented on RRR. Citigroup reiterated an “outperform” rating on shares of Red Rock Resorts in a report on Tuesday. Morgan Stanley lifted their price target on Red Rock Resorts from $49.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Truist Financial upgraded Red Rock Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $67.00 in a report on Wednesday, July 16th. Barclays lifted their price target on Red Rock Resorts from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, Mizuho lifted their price target on Red Rock Resorts from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Red Rock Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.82.

Red Rock Resorts Stock Up 0.6%

RRR stock opened at $60.99 on Thursday. Red Rock Resorts has a twelve month low of $35.09 and a twelve month high of $63.60. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 11.28. The stock’s 50 day moving average is $59.07 and its 200-day moving average is $50.66. The firm has a market capitalization of $6.43 billion, a PE ratio of 20.74, a P/E/G ratio of 2.45 and a beta of 1.46.

Institutional Investors Weigh In On Red Rock Resorts

Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Red Rock Resorts by 230.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company’s stock worth $29,000 after purchasing an additional 385 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Red Rock Resorts during the second quarter worth about $42,000. Pandora Wealth Inc. bought a new stake in Red Rock Resorts during the first quarter worth about $43,000. US Bancorp DE lifted its stake in Red Rock Resorts by 1,664.4% during the first quarter. US Bancorp DE now owns 1,041 shares of the company’s stock worth $45,000 after purchasing an additional 982 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Red Rock Resorts during the second quarter worth about $62,000. Institutional investors own 47.84% of the company’s stock.

Insider Buying and Selling

In related news, CFO Stephen Lawrence Cootey sold 121,400 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was 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 $15,626,490.72. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kord Nichols sold 42,325 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $58.61, for a total value of $2,480,668.25. Following the transaction, the chief operating officer owned 129,361 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 262,703 shares of company stock worth $15,764,672 over the last ninety days. 53.81% of the stock is owned by corporate insiders.

Red Rock Resorts Dividend Announcement

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

Red Rock Resorts Company Profile

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.