Red Rock Resorts, Inc. (NASDAQ:RRR) Receives $71.88 Average Target Price from Analysts

31 Aug 2026, 07:17 by Kim Johansen · The Markets Daily

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.8824.

A number of research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Red Rock Resorts from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Benchmark increased their price target on Red Rock Resorts from $63.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Red Rock Resorts in a report on Thursday, July 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $73.00 price objective on shares of Red Rock Resorts in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised Red Rock Resorts from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th.

View Our Latest Analysis on RRR

Red Rock Resorts Price Performance

RRR stock opened at $56.97 on Friday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 20.13, a P/E/G ratio of 4.67 and a beta of 1.36. The company has a debt-to-equity ratio of 12.33, a current ratio of 0.68 and a quick ratio of 0.63. Red Rock Resorts has a 1-year low of $50.52 and a 1-year high of $68.99. The business has a fifty day moving average price of $63.34 and a 200-day moving average price of $59.66.

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

Red Rock Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.8%. Red Rock Resorts’s dividend payout ratio is presently 36.75%.

Insider Buying and Selling at Red Rock Resorts

In other Red Rock Resorts news, President Scott Kreeger sold 31,159 shares of the company’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 completion of the sale, the president directly owned 203,881 shares of the company’s stock, valued at approximately $12,595,768.18. This represents a 13.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 54.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Red Rock Resorts

Institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC increased its position 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 last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Red Rock Resorts by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,383 shares of the company’s stock valued at $643,000 after purchasing an additional 324 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Red Rock Resorts by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 46,720 shares of the company’s stock valued at $2,431,000 after buying an additional 343 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Red Rock Resorts by 3.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 10,022 shares of the company’s stock valued at $628,000 after buying an additional 378 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Red Rock Resorts by 14.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,996 shares of the company’s stock worth $149,000 after buying an additional 387 shares during the last quarter. 47.84% of the stock is owned by institutional investors.

About Red Rock Resorts

(Get Free Report)

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.