Citigroup Issues Positive Forecast for Red Rock Resorts (NASDAQ:RRR) Stock Price

Red Rock Resorts (NASDAQ:RRR) had its price objective increased by Citigroup from $63.00 to $76.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Citizens Jmp upped their price objective on Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a report on Wednesday, January 14th. Barclays boosted their target price on shares of Red Rock Resorts from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. UBS Group set a $73.00 price target on shares of Red Rock Resorts in a research report on Wednesday, December 24th. Morgan Stanley set a $62.00 price objective on shares of Red Rock Resorts in a report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Red Rock Resorts in a research report on Thursday, January 22nd. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Red Rock Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $70.71.

Red Rock Resorts Trading Down 4.3%

Shares of RRR stock opened at $62.09 on Thursday. The firm has a 50 day moving average price of $62.16 and a two-hundred day moving average price of $60.06. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 10.11. The company has a market capitalization of $6.57 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.76 and a beta of 1.49. Red Rock Resorts has a 12-month low of $35.09 and a 12-month high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 10th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.41 by $0.34. The company had revenue of $511.78 million for the quarter, compared to the consensus estimate of $500.90 million. Red Rock Resorts had a return on equity of 58.12% and a net margin of 9.35%.The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, analysts predict that Red Rock Resorts will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.26 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.04 annualized dividend and a yield of 1.7%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 33.23%.

Red Rock Resorts announced that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY boosted its position in Red Rock Resorts by 5.7% during the 2nd quarter. Bamco Inc. NY now owns 12,269,004 shares of the company’s stock worth $638,356,000 after buying an additional 666,593 shares during the period. Vanguard Group Inc. raised its stake in shares of Red Rock Resorts by 6.7% during the third quarter. Vanguard Group Inc. now owns 5,564,421 shares of the company’s stock valued at $339,764,000 after acquiring an additional 349,822 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of Red Rock Resorts by 23.4% during the second quarter. Eminence Capital LP now owns 3,059,372 shares of the company’s stock worth $159,179,000 after purchasing an additional 581,061 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Red Rock Resorts by 2,248.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company’s stock worth $82,715,000 after purchasing an additional 1,296,956 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Red Rock Resorts by 7.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,207,404 shares of the company’s stock valued at $74,799,000 after purchasing an additional 82,849 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

Key Red Rock Resorts News

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Citigroup raised its price target to $76 and kept a “buy” rating, implying roughly ~22% upside from current levels — a strong analyst endorsement that supports upside. Citigroup Raises Price Target
• Positive Sentiment: Truist reaffirmed a “buy” rating and raised its target to $80 (previously $75), signaling even larger upside and continued analyst conviction in RRR’s growth trajectory. Truist Price Target Raise
• Positive Sentiment: Q4 2025 results and commentary were solid — revenue and EPS beat expectations and management highlighted a near‑record year driven by strong local casino demand, supporting fundamentals and free cash flow. Q4 and FY2025 Results
• Positive Sentiment: Management announced a quarterly dividend ($0.26) and a special dividend of $1.00 per share — an immediate cash return that can attract income-focused investors and support the share price.
• Positive Sentiment: Media coverage highlights a near‑record year for local casinos and the company’s momentum (video/story coverage), reinforcing the thesis that local gaming demand is a tailwind. Near-record Year Coverage
• Positive Sentiment: Buy-side commentary (Baron Partners / Baron Fund letter coverage) points to value/asset-specific upside (Durango property), suggesting institutional interest and potential longer-term support. Baron Fund Commentary
• Neutral Sentiment: Earnings call transcripts and multiple write-ups are available for deeper read (useful for investors assessing guidance, margins and CAPEX trends). Earnings Call Transcript
• Negative Sentiment: Wells Fargo moved its target slightly higher to $59 but kept an “equal weight” rating — the implied downside from current levels and a less bullish stance may justify some selling/rotation. Wells Fargo Rating

About Red Rock Resorts

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.