Research Analysts Set Expectations for RRR FY2026 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Zacks Research increased their FY2026 earnings per share estimates for shares of Red Rock Resorts in a research report issued on Tuesday, November 18th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $1.85 for the year, up from their previous estimate of $1.77. Zacks Research currently has a “Hold” 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 $0.50 EPS, Q2 2027 earnings at $0.49 EPS and Q3 2027 earnings at $0.48 EPS.

A number of other equities research analysts have also recently commented on the stock. Barclays raised their price target 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. Truist Financial boosted their target price on Red Rock Resorts from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Red Rock Resorts in a report on Wednesday, October 8th. Susquehanna upped their target price on Red Rock Resorts from $68.00 to $69.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. Finally, Morgan Stanley upped their price objective on shares of Red Rock Resorts from $49.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.55.

Red Rock Resorts Trading Up 1.7%

Shares of NASDAQ:RRR traded up $0.92 during mid-day trading on Thursday, hitting $55.63. The company had a trading volume of 20,363 shares, compared to its average volume of 759,243. The company has a debt-to-equity ratio of 10.11, a current ratio of 0.75 and a quick ratio of 0.70. Red Rock Resorts has a one year low of $35.09 and a one year high of $63.60. The firm has a fifty day moving average price of $58.48 and a 200 day moving average price of $55.50. The company has a market capitalization of $5.89 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.32. The firm had revenue of $475.57 million for the quarter, compared to analyst estimates of $477.25 million. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share.

Red Rock Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. This is an increase from Red Rock Resorts’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, December 15th. Red Rock Resorts’s dividend payout ratio is 31.85%.

Red Rock Resorts declared that its board has approved a stock buyback program on Tuesday, October 28th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Red Rock Resorts news, COO Kord Nichols sold 37,075 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $61.03, for a total value of $2,262,687.25. Following the completion of the transaction, the chief operating officer owned 87,036 shares in the company, valued at $5,311,807.08. This represents a 29.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 53.81% of the company’s stock.

Hedge Funds Weigh In On Red Rock Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in RRR. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Red Rock Resorts by 230.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company’s stock worth $29,000 after acquiring an additional 385 shares during the period. Strs Ohio purchased a new position in shares of Red Rock Resorts during the 3rd quarter valued at $37,000. Ameritas Advisory Services LLC bought a new position in shares of Red Rock Resorts during the 2nd quarter worth $42,000. Pandora Wealth Inc. purchased a new stake in Red Rock Resorts during the first quarter valued at about $43,000. Finally, US Bancorp DE increased its stake in shares of Red Rock Resorts by 1,664.4% in the first quarter. US Bancorp DE now owns 1,041 shares of the company’s stock worth $45,000 after purchasing an additional 982 shares in the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

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.