Red Rock Resorts (NASDAQ:RRR) Earns Buy Rating from Truist Financial

Red Rock Resorts (NASDAQ:RRR)‘s stock had its “buy” rating restated by equities research analysts at Truist Financial in a note issued to investors on Wednesday, Marketbeat reports. They currently have a $80.00 price objective on the stock, up from their previous price objective of $75.00. Truist Financial’s target price points to a potential upside of 20.19% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Susquehanna raised their price target on shares of Red Rock Resorts from $69.00 to $77.00 and gave the company a “positive” rating in a research note on Wednesday. Citigroup reiterated an “outperform” rating on shares of Red Rock Resorts in a research report on Wednesday. Wells Fargo & Company raised their price objective on Red Rock Resorts from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus increased their target price on shares of Red Rock Resorts from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley set a $60.00 price target on shares of Red Rock Resorts in a research note on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Red Rock Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $68.64.

Red Rock Resorts Stock Performance

RRR stock traded down $0.23 during midday trading on Wednesday, hitting $66.56. 500,672 shares of the stock traded hands, compared to its average volume of 613,554. The stock’s fifty day simple moving average is $61.92 and its 200-day simple moving average is $60.01. The firm has a market cap of $7.05 billion, a P/E ratio of 21.27, a PEG ratio of 2.79 and a beta of 1.49. Red Rock Resorts has a 1-year low of $35.09 and a 1-year high of $68.99. The company has a debt-to-equity ratio of 10.11, a current ratio of 0.75 and a quick ratio of 0.70.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.34. The firm had revenue of $511.78 million during the quarter, compared to analyst estimates of $500.90 million. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.Red Rock Resorts’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, analysts expect that Red Rock Resorts will post 1.76 earnings per share for the current year.

Red Rock Resorts declared that its board has authorized a share repurchase program on Tuesday, October 28th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Red Rock Resorts

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its stake in Red Rock Resorts by 2,248.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company’s stock worth $82,715,000 after purchasing an additional 1,296,956 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Red Rock Resorts by 5.7% in the 2nd quarter. Bamco Inc. NY now owns 12,269,004 shares of the company’s stock valued at $638,356,000 after buying an additional 666,593 shares during the period. Eminence Capital LP lifted its stake in Red Rock Resorts by 23.4% during the 2nd quarter. Eminence Capital LP now owns 3,059,372 shares of the company’s stock worth $159,179,000 after acquiring an additional 581,061 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Red Rock Resorts by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,564,421 shares of the company’s stock valued at $339,764,000 after acquiring an additional 349,822 shares during the period. Finally, UBS Group AG grew its position in Red Rock Resorts by 205.1% in the 4th quarter. UBS Group AG now owns 476,311 shares of the company’s stock valued at $29,507,000 after acquiring an additional 320,175 shares in the last quarter. Hedge funds and other institutional investors own 47.84% of the company’s stock.

More Red Rock Resorts News

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

• Positive Sentiment: Q4 beat — Red Rock reported Q4 revenue of $511.8M (up 3.2% YoY) and EPS of $0.75, beating consensus on both top and bottom lines; management said casino revenue was strong and the company delivered a near‑record year. This is the primary fundamental upside driver cited across press coverage. PR Newswire: Q4 & Full Year 2025 Results
• Positive Sentiment: Dividend actions — the company announced two upcoming payouts: a $1.00/share dividend payable Feb. 27 (ex-dividend Feb. 20) and a $0.26/share payment with record date Mar. 16 and payable Mar. 31. These distributions support income-oriented holders and can underpin the stock. (Company notices announced 2/10–2/11)
• Neutral Sentiment: Durango property attention — investor letters (Baron Partners) highlight the company’s Durango asset as a growth contributor, suggesting continued portfolio-level momentum but not an immediate market-moving event. InsiderMonkey: Durango Property Note
• Negative Sentiment: Analyst stance — Wells Fargo nudged its price target up to $59 but maintained an “equal weight” rating; that PT sits well below the recent share price, implying downside from current levels and adding selling pressure from investors sensitive to sell-side targets. Benzinga: Wells Fargo PT Update

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.