Diamond Hill Capital Management LLC Investment Advisor Invests $120.74 Million in Red Rock Resorts, Inc. $RRR

Posted by Francis Steltz on Aug 17th, 2026

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,855,878 shares of the company’s stock, valued at approximately $120,743,000.

Other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Red Rock Resorts by 2,248.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company’s stock valued at $82,715,000 after buying an additional 1,296,956 shares in the last quarter. Invesco Ltd. raised its position in Red Rock Resorts by 345.6% during the fourth quarter. Invesco Ltd. now owns 1,054,086 shares of the company’s stock valued at $65,301,000 after acquiring an additional 817,524 shares in the last quarter. Wellington Management Group LLP bought a new position in Red Rock Resorts during the fourth quarter valued at approximately $45,724,000. State Street Corp lifted its stake in Red Rock Resorts by 62.1% in the fourth quarter. State Street Corp now owns 1,814,812 shares of the company’s stock valued at $112,428,000 after acquiring an additional 695,575 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Red Rock Resorts by 656.8% in the fourth quarter. Millennium Management LLC now owns 373,038 shares of the company’s stock valued at $23,110,000 after acquiring an additional 323,749 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Red Rock Resorts Price Performance

RRR opened at $63.66 on Monday. The firm has a market cap of $6.69 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 5.22 and a beta of 1.36. The company has a debt-to-equity ratio of 12.33, a quick ratio of 0.63 and a current ratio of 0.68. The business has a 50 day moving average price of $63.45 and a 200 day moving average price of $59.85. Red Rock Resorts, Inc. has a twelve month low of $50.52 and a twelve month high of $68.99.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.51 by $0.16. Red Rock Resorts had a return on equity of 56.19% and a net margin of 8.43%.The company had revenue of $510.26 million for the quarter, compared to the consensus estimate of $500.08 million. During the same quarter last year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Research analysts forecast that Red Rock Resorts, Inc. will post 1.54 EPS for the current year.

Red Rock Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Red Rock Resorts’s dividend payout ratio is currently 36.75%.

Insider Transactions at Red Rock Resorts

In related news, President Scott Kreeger sold 31,159 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $61.78, for a total value of $1,925,003.02. Following the transaction, the president directly owned 203,881 shares in the company, valued at approximately $12,595,768.18. This trade represents a 13.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 54.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on RRR shares. Wells Fargo & Company increased their price target on shares of Red Rock Resorts from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Truist Financial raised their price target on shares of Red Rock Resorts from $68.00 to $75.00 and gave the company a “buy” rating in a report on Monday, July 20th. UBS Group set a $75.00 price objective on shares of Red Rock Resorts in a research note on Thursday, July 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Red Rock Resorts in a report on Wednesday, July 15th. Finally, Citizens Jmp increased their target price on shares of Red Rock Resorts from $69.00 to $71.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Red Rock Resorts has an average rating of “Moderate Buy” and a consensus price target of $71.88.

View Our Latest Report on Red Rock Resorts

About Red Rock Resorts

(Free Report)

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.