Zacks Research Analysts Raise Earnings Estimates for RRR

Key Points

• Analysts at Zacks Research have raised their Q2 2026 earnings per share estimate for Red Rock Resorts to $0.47, up from $0.46, maintaining a "Strong-Buy" rating on the stock.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annualized yield of 1.7%.
• Red Rock Resorts' stock has seen a decline of 2.2%, opening at $59.71, with a market cap of $6.30 billion and a PE ratio of 20.31.

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Investment analysts at Zacks Research upped their Q2 2026 EPS estimates for Red Rock Resorts in a research report issued to clients and investors on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will earn $0.47 per share for the quarter, up from their previous estimate of $0.46. Zacks Research 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' Q1 2027 earnings at $0.49 EPS, Q2 2027 earnings at $0.48 EPS and FY2027 earnings at $1.94 EPS.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 59.97% and a net margin of 8.89%.The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share.

Several other research analysts have also recently commented on RRR. Barclays raised their target price on shares of Red Rock Resorts from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $60.00 price objective on Red Rock Resorts and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Citigroup restated an "outperform" rating on shares of Red Rock Resorts in a research report on Tuesday, September 16th. Morgan Stanley raised their price target on Red Rock Resorts from $49.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, JMP Securities raised their target price on shares of Red Rock Resorts from $64.00 to $65.00 and gave the company a "market outperform" rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.82.

Red Rock Resorts Stock Performance

RRR stock traded down $0.23 during trading hours on Wednesday, hitting $60.76. 704,286 shares of the stock were exchanged, compared to its average volume of 577,728. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $63.60. The firm has a market capitalization of $6.41 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.45 and a beta of 1.46. The company has a 50-day simple moving average of $59.17 and a two-hundred day simple moving average of $50.77. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 11.28.

Institutional Investors Weigh In On Red Rock Resorts

A number of hedge funds have recently modified their holdings of the stock. Bamco Inc. NY raised its stake in shares of Red Rock Resorts by 5.7% in the second quarter. Bamco Inc. NY now owns 12,269,004 shares of the company's stock valued at $638,356,000 after buying an additional 666,593 shares during the period. Eminence Capital LP raised its position in shares of Red Rock Resorts by 23.4% in the second quarter. Eminence Capital LP now owns 3,059,372 shares of the company's stock valued at $159,179,000 after purchasing an additional 581,061 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Red Rock Resorts by 10.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,773,603 shares of the company's stock valued at $92,281,000 after purchasing an additional 171,235 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Red Rock Resorts by 53.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 793,371 shares of the company's stock valued at $41,279,000 after purchasing an additional 277,426 shares during the period. Finally, Millennium Management LLC increased its position in shares of Red Rock Resorts by 56.2% during the first quarter. Millennium Management LLC now owns 430,150 shares of the company's stock valued at $18,656,000 after buying an additional 154,839 shares during the period. Institutional investors own 47.84% of the company's stock.

Insider Transactions at Red Rock Resorts

In other news, EVP Jeffrey T. Welch sold 56,653 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $18,958,416.41. This trade represents a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kord Nichols sold 42,325 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $58.61, for a total transaction of $2,480,668.25. Following the transaction, the chief operating officer directly owned 129,361 shares in the company, valued at $7,581,848.21. The trade was a 24.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 262,703 shares of company stock valued at $15,764,672 in the last 90 days. 53.81% of the stock is currently owned by corporate insiders.

Red Rock Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.6%. Red Rock Resorts's dividend payout ratio is currently 34.01%.

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.