Red Rock Resorts (NASDAQ:RRR) Reaches New 12-Month High After Strong Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR)’s share price hit a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $66.11 and last traded at $65.51, with a volume of 694980 shares. The stock had previously closed at $65.45.

The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.34. The business had revenue of $511.78 million during the quarter, compared to analysts’ expectations of $500.90 million. Red Rock Resorts had a return on equity of 58.12% and a net margin of 9.35%.The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share.

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. Red Rock Resorts’s payout ratio is currently 33.23%.

Red Rock Resorts declared that its board has initiated a stock buyback plan on Tuesday, October 28th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

More Red Rock Resorts News

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

• Positive Sentiment: Citigroup raised its price target to $76 and kept a “buy” rating, implying roughly ~22% upside from current levels — a strong analyst endorsement that supports upside. Citigroup Raises Price Target
• Positive Sentiment: Truist reaffirmed a “buy” rating and raised its target to $80 (previously $75), signaling even larger upside and continued analyst conviction in RRR’s growth trajectory. Truist Price Target Raise
• Positive Sentiment: Q4 2025 results and commentary were solid — revenue and EPS beat expectations and management highlighted a near‑record year driven by strong local casino demand, supporting fundamentals and free cash flow. Q4 and FY2025 Results
• Positive Sentiment: Management announced a quarterly dividend ($0.26) and a special dividend of $1.00 per share — an immediate cash return that can attract income-focused investors and support the share price.
• Positive Sentiment: Media coverage highlights a near‑record year for local casinos and the company’s momentum (video/story coverage), reinforcing the thesis that local gaming demand is a tailwind. Near-record Year Coverage
• Positive Sentiment: Buy-side commentary (Baron Partners / Baron Fund letter coverage) points to value/asset-specific upside (Durango property), suggesting institutional interest and potential longer-term support. Baron Fund Commentary
• Neutral Sentiment: Earnings call transcripts and multiple write-ups are available for deeper read (useful for investors assessing guidance, margins and CAPEX trends). Earnings Call Transcript
• Negative Sentiment: Wells Fargo moved its target slightly higher to $59 but kept an “equal weight” rating — the implied downside from current levels and a less bullish stance may justify some selling/rotation. Wells Fargo Rating

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RRR shares. UBS Group set a $73.00 target price on Red Rock Resorts in a research report on Wednesday, December 24th. Citigroup boosted their price target on shares of Red Rock Resorts from $63.00 to $76.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Rock Resorts in a research note on Thursday, January 22nd. Morgan Stanley set a $62.00 price objective on shares of Red Rock Resorts in a research report on Thursday. Finally, Truist Financial restated a “buy” rating and issued a $80.00 target price (up previously from $75.00) on shares of Red Rock Resorts in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.71.

Institutional Investors Weigh In On Red Rock Resorts

A number of institutional investors have recently modified their holdings of RRR. AQR Capital Management LLC acquired a new position in shares of Red Rock Resorts in the first quarter worth $308,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Red Rock Resorts by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,272 shares of the company’s stock valued at $1,270,000 after purchasing an additional 1,282 shares in the last quarter. Millennium Management LLC grew its stake in Red Rock Resorts by 56.2% in the first quarter. Millennium Management LLC now owns 430,150 shares of the company’s stock valued at $18,656,000 after purchasing an additional 154,839 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Red Rock Resorts by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company’s stock worth $4,609,000 after purchasing an additional 4,699 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Red Rock Resorts by 59.3% during the 2nd quarter. CWM LLC now owns 4,458 shares of the company’s stock worth $232,000 after purchasing an additional 1,659 shares in the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Trading Down 4.3%

The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.76 and a beta of 1.49. The company has a fifty day moving average price of $62.16 and a 200-day moving average price of $60.06. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 10.11.

About Red Rock Resorts

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.