Red Rock Resorts, Inc. (NASDAQ:RRR) Given Average Rating of “Moderate Buy” by Analysts

Red Rock Resorts, Inc. (NASDAQ:RRR) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $67.9333.

A number of equities research analysts have weighed in on RRR shares. Truist Financial cut their target price on Red Rock Resorts from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday. Susquehanna dropped their price objective on Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday. Barclays upped their price objective on Red Rock Resorts from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Citizens Jmp decreased their target price on Red Rock Resorts from $71.00 to $67.00 and set a “market outperform” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $72.00 price target on shares of Red Rock Resorts in a research report on Thursday.

Red Rock Resorts Trading Down 2.2%

NASDAQ:RRR opened at $52.78 on Friday. The firm has a market capitalization of $5.54 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.40 and a beta of 1.48. The business has a 50 day simple moving average of $57.42 and a 200 day simple moving average of $59.23. The company has a debt-to-equity ratio of 10.26, a current ratio of 0.79 and a quick ratio of 0.74. Red Rock Resorts has a 12-month low of $42.25 and a 12-month high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.17). The company had revenue of $507.32 million during the quarter, compared to analyst estimates of $505.63 million. Red Rock Resorts had a return on equity of 58.18% and a net margin of 9.21%.Red Rock Resorts’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. Equities research analysts predict that Red Rock Resorts will post 2.12 EPS for the current year.

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. Red Rock Resorts’s payout ratio is currently 33.44%.

Key Stories Impacting Red Rock Resorts

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

• Positive Sentiment: Company announced a quarterly dividend of $0.26 per share (annualized yield ~1.9%), payable June 30 with an ex‑dividend date of June 15 — steady cash return that supports income investors.
• Positive Sentiment: Q1 showed record/solid revenue and beat some narrower estimates (Zacks reported an EPS beat vs its $0.54 est. and Yahoo highlighted record revenue despite construction activity), suggesting demand remains resilient. Earnings Call Highlights Zacks Q1 Beat
• Neutral Sentiment: Top‑line results were roughly in line with estimates (sales in line), so revenue growth alone isn’t driving the move; see coverage noting sales met expectations. MSN: Sales In Line
• Neutral Sentiment: Full Q1 release and call transcript are available for details on margins, construction spend and outlook — useful for investors digging into drivers of operating performance. Press Release Earnings Transcript
• Negative Sentiment: Multiple sell‑side firms cut price targets in the last two days — Citigroup lowered its PT from $76 to $62 while keeping a Buy rating, signaling reduced upside expectations. Benzinga: Citigroup Cut
• Negative Sentiment: JPMorgan trimmed its target to $66 (from $73) but remains Overweight, another sign analysts are moderating estimates after the quarter. Benzinga: JPMorgan Cut
• Negative Sentiment: Other firms (Citizens/JMP, Benchmark, Truist, Wells Fargo) also lowered targets (examples: Citizens JMP $71→$67, Benchmark $67→$63, Truist $70→$68, Wells Fargo $59→$55), which collectively adds downward pressure on the stock as street expectations are pulled in. Benzinga: Multiple Cuts The Fly

Institutional Trading of Red Rock Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in Red Rock Resorts in the fourth quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new position in shares of Red Rock Resorts in the fourth quarter valued at $27,000. Rockefeller Capital Management L.P. lifted its position in shares of Red Rock Resorts by 1,924.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares during the last quarter. Strs Ohio bought a new stake in shares of Red Rock Resorts during the 3rd quarter worth $37,000. Finally, GAMMA Investing LLC boosted its stake in shares of Red Rock Resorts by 53.8% during the 4th quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock worth $47,000 after acquiring an additional 263 shares in the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Company Profile

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.