Research Analysts Set Expectations for RRR Q2 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Equities researchers at Zacks Research reduced their Q2 2026 earnings estimates for shares of Red Rock Resorts in a research report issued on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.44. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q3 2026 earnings at $0.26 EPS.

Other equities research analysts have also issued research reports about the stock. Susquehanna reduced their price objective on shares of Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating for the company in a research note on Thursday, April 30th. Morgan Stanley set a $59.00 price objective on shares of Red Rock Resorts in a research note on Wednesday, May 6th. Citizens Jmp cut their target price on shares of Red Rock Resorts from $71.00 to $67.00 and set a “market outperform” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on shares of Red Rock Resorts from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Truist Financial cut their target price on shares of Red Rock Resorts from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.67.

Red Rock Resorts Price Performance

RRR stock opened at $55.38 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 14.42. Red Rock Resorts has a 1 year low of $46.17 and a 1 year high of $68.99. The company has a fifty day simple moving average of $55.30 and a 200 day simple moving average of $58.78. The firm has a market cap of $5.82 billion, a PE ratio of 17.81, a PEG ratio of 3.72 and a beta of 1.35.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.17). Red Rock Resorts had a net margin of 9.21% and a return on equity of 61.67%. The business had revenue of $507.32 million during the quarter, compared to analyst estimates of $505.63 million. During the same period in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in shares of Red Rock Resorts during the fourth quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new position in shares of Red Rock Resorts during the fourth quarter valued at about $27,000. Rockefeller Capital Management L.P. raised its position in shares of Red Rock Resorts by 1,924.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $31,000 after buying an additional 481 shares during the last quarter. Strs Ohio acquired a new position in shares of Red Rock Resorts during the third quarter valued at about $37,000. Finally, GAMMA Investing LLC increased its stake in Red Rock Resorts by 53.8% in the fourth quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after acquiring an additional 263 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. Red Rock Resorts’s dividend payout ratio is currently 33.44%.

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.