Zacks Research Issues Negative Estimate for RRR Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Stock analysts at Zacks Research cut their Q3 2025 earnings per share (EPS) estimates for shares of Red Rock Resorts in a research report issued to clients and investors on Thursday, May 22nd. Zacks Research analyst M. Kaushik now forecasts that the company will earn $0.33 per share for the quarter, down from their previous forecast of $0.36. 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 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.39 EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at $0.42 EPS, FY2026 earnings at $1.61 EPS and Q1 2027 earnings at $0.39 EPS.

Several other equities research analysts have also recently weighed in on RRR. Barclays dropped their target price on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho lowered their price target on Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Macquarie reaffirmed an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities lowered their price target on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $52.64.

Red Rock Resorts Trading Down 0.6%

RRR stock traded down $0.31 during trading on Monday, hitting $49.54. 953,803 shares of the company traded hands, compared to its average volume of 583,656. The firm has a market capitalization of $5.25 billion, a PE ratio of 19.74, a P/E/G ratio of 4.32 and a beta of 1.64. Red Rock Resorts has a 1 year low of $35.09 and a 1 year high of $61.73. The company has a 50-day moving average of $43.24 and a 200-day moving average of $46.50. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.33. The company had revenue of $497.86 million during the quarter, compared to analysts' expectations of $499.12 million. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Red Rock Resorts's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS.

Red Rock Resorts Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $1.00 dividend. This represents a dividend yield of 2.29%. The ex-dividend date is Monday, June 16th. Red Rock Resorts's dividend payout ratio is currently 38.76%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RRR. Long Pond Capital LP raised its position in shares of Red Rock Resorts by 142.5% in the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock worth $68,165,000 after acquiring an additional 866,320 shares in the last quarter. Bamco Inc. NY raised its position in shares of Red Rock Resorts by 6.9% in the 4th quarter. Bamco Inc. NY now owns 11,356,201 shares of the company's stock worth $525,111,000 after acquiring an additional 732,917 shares in the last quarter. Eminence Capital LP raised its position in shares of Red Rock Resorts by 36.1% in the 4th quarter. Eminence Capital LP now owns 2,056,588 shares of the company's stock worth $95,097,000 after acquiring an additional 546,047 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Red Rock Resorts by 167.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company's stock worth $19,534,000 after acquiring an additional 264,609 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Red Rock Resorts by 19.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,602,368 shares of the company's stock worth $69,494,000 after acquiring an additional 258,310 shares in the last quarter. Institutional investors own 47.84% of the company's stock.

About Red Rock Resorts

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.