Red Rock Resorts (NASDAQ:RRR) Earns Buy Rating from Truist Financial

Red Rock Resorts (NASDAQ:RRR)‘s stock had its “buy” rating reiterated by stock analysts at Truist Financial in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $80.00 price objective on the stock, up from their previous price objective of $75.00. Truist Financial’s price objective would suggest a potential upside of 28.85% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. UBS Group set a $73.00 price target on Red Rock Resorts in a research report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Red Rock Resorts in a research note on Thursday, January 22nd. Susquehanna increased their target price on shares of Red Rock Resorts from $69.00 to $77.00 and gave the company a “positive” rating in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of Red Rock Resorts in a research report on Wednesday, December 24th. Finally, Macquarie Infrastructure boosted their price target on shares of Red Rock Resorts from $67.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Red Rock Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $70.71.

Red Rock Resorts Price Performance

Shares of NASDAQ RRR opened at $62.09 on Wednesday. The stock has a market cap 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 company has a debt-to-equity ratio of 10.11, a quick ratio of 0.70 and a current ratio of 0.75. Red Rock Resorts has a fifty-two week low of $35.09 and a fifty-two week high of $68.99. The firm’s 50-day simple moving average is $62.16 and its 200 day simple moving average 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 analysts’ consensus estimates 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 firm had revenue of $511.78 million during the quarter, compared to analyst estimates of $500.90 million. During the same period in the previous year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts anticipate that Red Rock Resorts will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 28th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Red Rock Resorts

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group boosted its position in Red Rock Resorts by 17.8% during the fourth quarter. Brooklyn Investment Group now owns 16,594 shares of the company’s stock worth $1,041,000 after purchasing an additional 2,511 shares during the period. Cibc World Markets Corp bought a new position in Red Rock Resorts in the 4th quarter worth approximately $200,000. Commonwealth Equity Services LLC boosted its holdings in Red Rock Resorts by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,383 shares of the company’s stock worth $643,000 after buying an additional 324 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Red Rock Resorts by 56.3% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 47,450 shares of the company’s stock valued at $2,940,000 after buying an additional 17,093 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Red Rock Resorts by 30.3% during the 4th quarter. Renaissance Technologies LLC now owns 98,600 shares of the company’s stock valued at $6,108,000 after acquiring an additional 22,900 shares during the period. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts News Summary

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.