Red Rock Resorts, Inc. (NASDAQ:RRR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Red Rock Resorts has a “Moderate Buy” consensus rating from 18 analysts, with 14 buys and four holds. The average 12-month price target is $71.88, above the reported share price of $58.40.
• The company exceeded quarterly expectations, reporting adjusted EPS of $0.67 versus the $0.51 consensus and revenue of $510.26 million versus estimates of $500.08 million. However, revenue declined 3% year over year.
• Red Rock declared a quarterly dividend of $0.26 per share, equivalent to a $1.04 annualized payout and a 1.8% yield. President Scott Kreeger also sold 31,159 shares valued at approximately $1.93 million.

Red Rock Resorts, Inc. (NASDAQ:RRR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $71.8824.

Several research firms recently commented on RRR. Citizens Jmp raised their price target on shares of Red Rock Resorts from $69.00 to $71.00 and gave the company a "market outperform" rating in a report on Wednesday, August 5th. Stifel Nicolaus set a $74.00 price objective on shares of Red Rock Resorts in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $72.00 price objective on shares of Red Rock Resorts in a research report on Thursday, April 30th. Zacks Research raised shares of Red Rock Resorts from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Bank of America lifted their target price on shares of Red Rock Resorts from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, July 20th.

Red Rock Resorts Stock Performance

Shares of NASDAQ:RRR opened at $58.40 on Friday. The firm has a market capitalization of $6.13 billion, a PE ratio of 20.64, a P/E/G ratio of 4.89 and a beta of 1.36. The company has a debt-to-equity ratio of 12.33, a current ratio of 0.68 and a quick ratio of 0.63. The business has a 50-day moving average of $63.43 and a two-hundred day moving average of $59.72. Red Rock Resorts has a 12 month low of $50.52 and a 12 month high of $68.99.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.16. Red Rock Resorts had a return on equity of 56.19% and a net margin of 8.43%.The business had revenue of $510.26 million for the quarter, compared to analyst estimates of $500.08 million. During the same period in the previous year, the company posted $0.95 EPS. The company's revenue was down 3.0% compared to the same quarter last year. As a group, research analysts forecast that Red Rock Resorts will post 1.54 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.04 annualized dividend and a yield of 1.8%. Red Rock Resorts's dividend payout ratio (DPR) is 36.75%.

Red Rock Resorts News Roundup

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

• Positive Sentiment: Zacks raised its Q4 2026 EPS forecast to $0.40 from $0.39, Q2 2027 EPS to $0.44 from $0.40, Q1 2028 EPS to $0.60 from $0.52, Q2 2028 EPS to $0.53 from $0.52, and FY2028 EPS to $2.27 from $2.21. The higher 2028 outlook suggests improved longer-term earnings potential.
• Neutral Sentiment: The revisions were issued alongside an unchanged Hold rating. Zacks projects FY2027 EPS of $1.76 and FY2028 EPS of $2.27, compared with the broader current-year consensus estimate of $1.54.
• Negative Sentiment: Zacks lowered its Q3 2026 EPS forecast to $0.22 from $0.26, Q3 2027 EPS to $0.39 from $0.42, Q4 2027 EPS to $0.46 from $0.51, and FY2027 EPS to $1.76 from $1.82. These reductions point to softer expected earnings in several upcoming periods and may weigh on investor sentiment.

Insider Buying and Selling

In other Red Rock Resorts news, President Scott Kreeger sold 31,159 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $61.78, for a total transaction of $1,925,003.02. Following the transaction, the president owned 203,881 shares in the company, valued at $12,595,768.18. The trade was a 13.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 54.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Red Rock Resorts

A number of large investors have recently modified their holdings of RRR. Bamco Inc. NY raised its holdings in shares of Red Rock Resorts by 2.0% during the 4th quarter. Bamco Inc. NY now owns 12,519,892 shares of the company's stock valued at $775,607,000 after buying an additional 250,725 shares during the period. California State Teachers Retirement System grew its position in Red Rock Resorts by 5,722.9% in the second quarter. California State Teachers Retirement System now owns 3,478,303 shares of the company's stock valued at $226,298,000 after acquiring an additional 3,418,568 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Red Rock Resorts in the second quarter valued at approximately $120,743,000. State Street Corp raised its stake in shares of Red Rock Resorts by 62.1% during the fourth quarter. State Street Corp now owns 1,814,812 shares of the company's stock valued at $112,428,000 after purchasing an additional 695,575 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Red Rock Resorts by 2,248.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company's stock valued at $82,715,000 after purchasing an additional 1,296,956 shares during the period. Institutional investors and hedge funds own 47.84% of the company's stock.

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.

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