Red Rock Resorts (NASDAQ:RRR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Red Rock Resorts (NASDAQ:RRR) had its target price boosted by research analysts at Wells Fargo & Company from $58.00 to $59.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 4.98% from the company’s previous close.

Several other research firms also recently issued reports on RRR. Morgan Stanley set a $60.00 price target on Red Rock Resorts in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Red Rock Resorts in a research note on Thursday, January 22nd. Citizens Jmp upped their price target on Red Rock Resorts from $65.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Macquarie Infrastructure lifted their price objective on shares of Red Rock Resorts from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Truist Financial set a $75.00 price objective on shares of Red Rock Resorts in a research report on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Red Rock Resorts has a consensus rating of “Moderate Buy” and an average target price of $70.71.

Red Rock Resorts Trading Down 4.3%

NASDAQ:RRR opened at $62.09 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 10.11. Red Rock Resorts has a 1-year low of $35.09 and a 1-year high of $68.99. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.76 and a beta of 1.49. The business’s 50-day moving average price is $62.16 and its two-hundred day moving average price is $60.06.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.41 by $0.34. Red Rock Resorts had a return on equity of 58.12% and a net margin of 9.35%.The business had revenue of $511.78 million for the quarter, compared to the consensus estimate of $500.90 million. During the same quarter last year, the business posted $0.76 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Red Rock Resorts will post 1.76 earnings per share for the current year.

Red Rock Resorts declared that its board has approved a share buyback program on Tuesday, October 28th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Red Rock Resorts

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new stake in shares of Red Rock Resorts in the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Red Rock Resorts by 230.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company’s stock valued at $29,000 after acquiring an additional 385 shares in the last quarter. Strs Ohio bought a new stake in shares of Red Rock Resorts during the 3rd quarter valued at $37,000. GAMMA Investing LLC lifted its position in shares of Red Rock Resorts by 53.8% during the 4th quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after acquiring an additional 263 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Red Rock Resorts during the 2nd quarter worth $62,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts News Roundup

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

Red Rock Resorts Company Profile

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.