Zacks Research Predicts Higher Earnings for Red Rock Resorts

Key Points

• Analysts at Zacks Research have raised their Q1 2026 EPS estimate for Red Rock Resorts to $0.49 per share, reflecting a slight increase from the previous estimate of $0.48.
• Red Rock Resorts recently declared a quarterly dividend of $0.25 per share, to be paid on September 30th, representing an annualized dividend yield of 1.6%.
• Institutional investor interest has increased, with various funds making adjustments in their positions, leading to a total of 47.84% of shares held by hedge funds and other institutional investors.

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Equities research analysts at Zacks Research increased their Q1 2026 earnings estimates for Red Rock Resorts in a research report issued on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.49 per share 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.

Several other equities analysts also recently commented on RRR. Barclays upped their price objective on Red Rock Resorts from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Susquehanna reiterated a "positive" rating and issued a $68.00 target price (up previously from $65.00) on shares of Red Rock Resorts in a report on Wednesday, July 30th. Mizuho upped their target price on Red Rock Resorts from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Red Rock Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $62.00 price target for the company. Finally, Citigroup reiterated an "outperform" rating on shares of Red Rock Resorts in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Red Rock Resorts has an average rating of "Moderate Buy" and a consensus price target of $60.82.

Red Rock Resorts Price Performance

Shares of RRR traded down $0.23 during trading hours on Thursday, reaching $60.76. 704,286 shares of the company's stock traded hands, compared to its average volume of 577,728. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 11.28. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $63.60. The stock has a market cap of $6.41 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.46. The firm's 50 day simple moving average is $59.17 and its 200-day simple moving average is $50.77.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly 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. The firm had revenue of $526.27 million for the quarter, compared to analyst estimates of $485.44 million. Red Rock Resorts had a net margin of 8.89% and a return on equity of 59.97%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

Institutional Investors Weigh In On Red Rock Resorts

A number of hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 buying an additional 385 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Red Rock Resorts in the 2nd quarter valued at approximately $42,000. Pandora Wealth Inc. acquired a new stake in shares of Red Rock Resorts during the 1st quarter worth approximately $43,000. US Bancorp DE boosted its holdings 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 buying an additional 982 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Red Rock Resorts in the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 47.84% of the company's stock.

Insider Transactions at Red Rock Resorts

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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeffrey T. Welch sold 56,653 shares of Red Rock Resorts stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $60.23, for a total value of $3,412,210.19. Following the transaction, the executive vice president owned 314,767 shares of the company's stock, valued at $18,958,416.41. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 262,703 shares of company stock valued at $15,764,672 over the last quarter. Company insiders own 53.81% of the company's stock.

Red Rock Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Red Rock Resorts's dividend payout ratio (DPR) is currently 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.