Red Rock Resorts, Inc. (NASDAQ:RRR) Receives $71.24 Average Price Target from Analysts

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $71.8824.

A number of brokerages have recently issued reports on RRR. Morgan Stanley set a $61.00 price objective on Red Rock Resorts in a research report on Wednesday, July 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Red Rock Resorts in a research report on Thursday, July 2nd. UBS Group set a $75.00 price target on shares of Red Rock Resorts in a report on Thursday, July 2nd. Susquehanna reduced their price objective on shares of Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Red Rock Resorts from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th.

Red Rock Resorts Stock Performance

NASDAQ RRR opened at $60.97 on Monday. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 4.72 and a beta of 1.36. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 14.42. Red Rock Resorts has a twelve month low of $50.52 and a twelve month high of $68.99. The stock has a fifty day simple moving average of $62.76 and a 200 day simple moving average of $59.83.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results on Tuesday, August 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.51 by $0.16. Red Rock Resorts had a return on equity of 55.65% and a net margin of 8.43%.The firm had revenue of $510.26 million for the quarter, compared to the consensus estimate of $500.08 million. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect that Red Rock Resorts will post 1.52 EPS for the current year.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. Red Rock Resorts’s dividend payout ratio is 36.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its stake in Red Rock Resorts by 4.7% during the second quarter. Valeo Financial Advisors LLC now owns 5,201 shares of the company’s stock worth $338,000 after purchasing an additional 234 shares during the period. SWP Investment Management LLC bought a new stake in Red Rock Resorts in the second quarter worth approximately $2,782,000. Empowered Funds LLC acquired a new position in Red Rock Resorts in the first quarter valued at approximately $269,000. Segall Bryant & Hamill LLC lifted its stake in Red Rock Resorts by 123.6% in the first quarter. Segall Bryant & Hamill LLC now owns 36,165 shares of the company’s stock valued at $1,930,000 after buying an additional 19,991 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Red Rock Resorts by 28.0% during the 1st quarter. California State Teachers Retirement System now owns 59,735 shares of the company’s stock worth $3,187,000 after buying an additional 13,055 shares in the last quarter. 47.84% of the stock is owned by institutional investors.

More Red Rock Resorts News

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

• Positive Sentiment: Red Rock Resorts reported second-quarter 2026 earnings of $0.67 per share, exceeding the FactSet consensus estimate of $0.51. Revenue of $510.3 million also topped the $500.1 million estimate. Red Rock Resorts second-quarter earnings beat
• Positive Sentiment: Analysts raised their price targets following the results. Wells Fargo increased its target to $77 from $75 and maintained an “overweight” rating, while Citizens JMP raised its target to $71 from $69 and kept a “market outperform” rating, signaling substantial potential upside. Analyst price-target changes
• Positive Sentiment: The company declared a quarterly dividend of $0.26 per share, payable September 30 to shareholders of record as of September 15. The dividend represents an annualized yield of approximately 1.6%.
• Neutral Sentiment: Profitability remained strong, with reported net margin of roughly 9% and return on equity above 55%, although the figures vary slightly among reports.
• Negative Sentiment: Revenue declined 3.0% year over year to $510.3 million, while earnings fell from $0.95 per share in the prior-year quarter. The weaker underlying trend may be overshadowing the earnings beat and contributing to the stock’s decline. Red Rock Resorts announces second-quarter 2026 results

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.