Red Rock Resorts (NASDAQ:RRR) Stock Price Target Lowered at Citigroup

Posted by Geri Gentry on Nov 6th, 2026

Red Rock Resorts (NASDAQ:RRR – Free Report) had its price objective reduced by Citigroup from $69.00 to $65.00 in a research report sent to investors on Thursday,Benzinga reports. Citigroup currently has a buy rating on the stock.

RRR has been the topic of several other research reports. Benchmark restated a “buy” rating on shares of Red Rock Resorts in a research report on Monday, August 31st. Wolfe Research began coverage on Red Rock Resorts in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $73.00 target price for the company. Zacks Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price target on shares of Red Rock Resorts in a research note on Tuesday, October 13th. Finally, Bank of America increased their price target on Red Rock Resorts from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.35.

Check Out Our Latest Stock Report on RRR

Red Rock Resorts Stock Performance

Shares of RRR opened at $47.96 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 12.33. The stock has a market capitalization of $5.04 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 4.47 and a beta of 1.42. The firm’s fifty day simple moving average is $51.73 and its two-hundred day simple moving average is $57.91. Red Rock Resorts has a 12 month low of $46.53 and a 12 month high of $68.99.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.62). Red Rock Resorts had a return on equity of 44.10% and a net margin of 5.79%. The business had revenue of $488.70 million for the quarter, compared to analyst estimates of $478.13 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. As a group, analysts predict that Red Rock Resorts will post 1.54 EPS for the current year.

Red Rock Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.2%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 52.53%.

Institutional Trading of Red Rock Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Red Rock Resorts in the second quarter valued at $120,743,000. Renaissance Technologies LLC increased its position in shares of Red Rock Resorts by 204.7% during the first quarter. Renaissance Technologies LLC now owns 300,400 shares of the company’s stock worth $16,029,000 after acquiring an additional 201,800 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Red Rock Resorts by 24.1% during the first quarter. Principal Financial Group Inc. now owns 287,633 shares of the company’s stock worth $15,348,000 after acquiring an additional 55,845 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Red Rock Resorts by 168.3% during the first quarter. Hsbc Holdings PLC now owns 86,798 shares of the company’s stock worth $4,642,000 after acquiring an additional 54,443 shares in the last quarter. Finally, Orvieto Partners L.P. bought a new stake in shares of Red Rock Resorts during the first quarter worth about $2,668,000. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts News Roundup

Here are the key news stories impacting Red Rock Resorts this week:

Positive Sentiment: Red Rock plans to invest $430 million in Durango North, targeting an opening in Q3 2027 and a 20% return on investment. The expansion could support longer-term growth, although it requires substantial capital. Article: Red Rock anticipates Durango North opening in Q3 2027
Positive Sentiment: The company declared a quarterly dividend of $0.26 per share, or $1.04 annualized, representing a yield of about 2.1% at the referenced share price.
Neutral Sentiment: Analysts continue to express support despite trimming estimates: Citigroup and Wells Fargo maintained Buy/Overweight ratings with $65 targets, JPMorgan kept Overweight at $64, and Citizens JMP retained Market Outperform at $70. The lower targets point to more cautious expectations, though they remain above the referenced share price. Citigroup recommendations
Negative Sentiment: Third-quarter EPS was a loss of $0.17, missing the $0.45 consensus estimate, even as revenue of $488.7 million topped expectations and rose 2.8% year over year. The earnings shortfall appears to have driven the post-results weakness. Article: Red Rock Resorts exceeds Q3 expectations but stock drops
Negative Sentiment: Several firms cut price targets following the results, including Wells Fargo ($78 to $65), Citigroup ($69 to $65), and JPMorgan ($71 to $64). Though their ratings remain positive, the revisions signal reduced near-term expectations.

About Red Rock Resorts

(Get Free Report)

Red Rock Resorts, Inc is a gaming, entertainment and hospitality company based in Las Vegas, Nevada. Through its principal operating subsidiary, Station Casinos, the company develops, owns and operates casino resorts and other gaming properties, primarily serving the Las Vegas locals market.

Its portfolio includes destination-style properties such as Red Rock Casino Resort & Spa, Green Valley Ranch Resort Spa and Casino, and Durango Casino & Resort, along with neighborhood casinos including Palace Station, Boulder Station, Santa Fe Station and several Wildfire locations.