Equities Analysts Offer Predictions for RRR FY2026 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Stock analysts at Zacks Research raised their FY2026 EPS estimates for shares of Red Rock Resorts in a research report issued to clients and investors on Tuesday, November 18th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.85 for the year, up from their previous forecast of $1.77. Zacks Research 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 analysts also recently issued reports on the stock. Wells Fargo & Company began coverage on shares of Red Rock Resorts in a report on Tuesday. They set an “equal weight” rating and a $58.00 price objective for the company. Truist Financial increased their price objective 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. Citigroup restated an “outperform” rating on shares of Red Rock Resorts in a research report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Red Rock Resorts in a research note on Wednesday, October 8th. Finally, Barclays upped their price objective on shares of Red Rock Resorts from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.55.

Red Rock Resorts Price Performance

Shares of RRR stock traded up $0.92 during trading on Thursday, hitting $55.63. The company had a trading volume of 20,363 shares, compared to its average volume of 759,243. Red Rock Resorts has a 52 week low of $35.09 and a 52 week high of $63.60. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 10.11. The stock’s 50-day moving average is $58.48 and its two-hundred day moving average is $55.50.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data 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. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.The company had revenue of $475.57 million during the quarter, compared to analyst estimates of $477.25 million. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis.

Institutional Trading of Red Rock Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RRR. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Red Rock Resorts by 230.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company’s stock valued at $29,000 after purchasing an additional 385 shares in the last quarter. Strs Ohio bought a new stake in Red Rock Resorts during the 3rd quarter valued at approximately $37,000. Ameritas Advisory Services LLC bought a new position in shares of Red Rock Resorts in the 2nd quarter worth approximately $42,000. Pandora Wealth Inc. bought a new stake in shares of Red Rock Resorts during the first quarter valued at approximately $43,000. Finally, US Bancorp DE lifted its position 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 valued at $45,000 after buying an additional 982 shares during the period. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Insider Transactions at Red Rock Resorts

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

Red Rock Resorts announced that its board has authorized a share buyback program on Tuesday, October 28th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Red Rock Resorts Increases Dividend

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

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.