Red Rock Resorts, Inc. (NASDAQ:RRR) Stock Has Average Price Target of $71.94

27 Sep 2026, 03:29 by Doug Wharley · The Cerbat Gem

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $71.94.

Several research firms recently issued reports on RRR. Wells Fargo & Company upped their target price on Red Rock Resorts from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Red Rock Resorts in a research note on Wednesday, August 5th. Capital One Financial raised shares of Red Rock Resorts to a “buy” rating in a report on Wednesday, September 9th. Bank of America boosted their target price on Red Rock Resorts from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Finally, Zacks Research raised shares of Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th.

Get Our Latest Report on Red Rock Resorts

Insider Activity

In other news, President Scott Kreeger sold 31,159 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $61.78, for a total transaction of $1,925,003.02. Following the transaction, the president directly owned 203,881 shares of the company’s stock, valued at approximately $12,595,768.18. This trade represents a 13.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 54.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in Red Rock Resorts during the second quarter valued at approximately $500,000. Tidal Investments LLC acquired a new position in shares of Red Rock Resorts during the second quarter worth $217,000. Squarepoint Ops LLC raised its position in shares of Red Rock Resorts by 39.0% during the second quarter. Squarepoint Ops LLC now owns 10,999 shares of the company’s stock worth $716,000 after acquiring an additional 3,088 shares during the last quarter. Nykredit A S bought a new position in Red Rock Resorts during the 2nd quarter worth approximately $45,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Red Rock Resorts during the second quarter worth $3,220,000. Institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Price Performance

Shares of RRR opened at $50.76 on Tuesday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 17.94, a P/E/G ratio of 4.16 and a beta of 1.31. Red Rock Resorts has a twelve month low of $47.78 and a twelve month high of $68.99. The company has a 50 day moving average of $59.17 and a 200-day moving average of $58.53. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 12.33.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.16. Red Rock Resorts had a net margin of 8.43% and a return on equity of 56.19%. The company had revenue of $510.26 million for the quarter, compared to the consensus estimate of $500.08 million. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Red Rock Resorts will post 1.54 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. Red Rock Resorts’s dividend payout ratio is 36.75%.

Red Rock Resorts Company Profile

(Get Free Report)

Red Rock Resorts, Inc is a gaming and entertainment company based in Las Vegas, Nevada. Through its subsidiary Station Casinos, the company owns and operates casino resorts, hotel properties, and neighborhood casinos, with a primary focus on the Southern Nevada market.