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An Anthropic researcher has resigned over fears that unrestrained development of self-improving AI models will end up killing us all.

Jacob Coxon, a researcher who said in a social media post Tuesday evening that he spent the last three years working on pre-training research at both OpenAI and Anthropic, accused the firms of failing to act responsibly. He said the people racing to build this technology “earnestly believe it could kill us all by the end of the decade.”

“They are racing straight to self-improving superintelligence and gambling with our lives,” Coxon wrote in a thread on X.

Coxon joins a growing chorus in the industry calling for a slowdown before AI technology learns to improve itself — a milestone many believe would end human control over AI. 

The public resignation comes amid growing pressure from policymakers and industry insiders to slow down AI development, following several incidents involving AI agents breaking out of their sandboxes and accessing the open internet.

The most serious so far have been OpenAI systems breaching Hugging Face’s servers, an event that researchers say remains poorly understood, due in part to the limited nature of the independent investigations into the incident. Around the same time, Anthropic’s AI agents also reached systems outside their test environments after misconfigurations in safety evaluations conducted by a third party inadvertently gave them paths to the internet.

Anthropic did not immediately return a request for comment on the resignation.

Here is the rest of Coxon’s warning and call to action: 

Do not underestimate the power of this technology. These will soon be superhuman systems that can hack anything, revolutionize any field overnight, and acquire real power and resources. We have all witnessed the progress in each of these domains, and progress is not slowing.

The people building AI earnestly believe that it could kill us all by the end of the decade. This is not a marketing stunt. If anything, many executives and senior researchers will couch their phrasing in the press to sound sensible – but I hear the same people express fear privately. No other human activity poses this level of danger.

A common response is “if they truly believe this, why are they still building it?” At OpenAI, many have not deeply internalized the civilizational stakes. At Anthropic, the stakes are well-understood, but they are locked in a race to get there first – they believe no one else will act responsibly, so they must do it themselves, despite the risk.

Accepting this race and entering the “endgame” is a hubristic gamble that should not be launched from a private company’s Slack. Attempting to speedrun alignment should require extraordinary confidence that there are no better trajectories available.

I am optimistic about the potential for coordination. Warning shots like the Hugging Face attack have made pacing agreements between U.S. labs more viable. I don’t feel like we’re on track to prevent a global race, which may require costly actions such as a temporary ban on improving model capabilities.

If you are a lab researcher, I urge you to consider what the next few years will actually feel like. Do you want to kick off a superintelligent RL run without a rigorous understanding of its mind? Should you put your head down because “it’s happening anyway” – or take this moment to call for different conditions?

One of Coxon’s colleagues at Anthropic, Evan Hubinger, echoed the sentiment, saying his team does “earnestly believe AI could kill all humans!” He tempered his argument, though, saying the likelihood is greater than 10% within the next decade, and admitted that Anthropic doesn’t “have a plan to solve alignment for superintelligence and are not clearly on track to.” 

A recent report from Guidelight AI Standards, an organization that promotes safe frontier AI development practices, found that few of the top AI labs have published containment response plans for shutting down AI that tries to subvert human control. 

In his social media posts, Hubinger added that the risk from current models is low, but the fear compounds with “superintelligence arising from recursive self-improvement,” which is “happening faster than we thought.”

While half of the AI industry believes this sort of self-improvement will lead to humanity’s downfall, the other half hopes it will eventually help us solve all the seemingly far-fetched problems AI proponents say it will one day eliminate — cancer, climate change, and even world peace.

Anthropic and OpenAI aren’t the only companies actively chasing recursive self-improvement. A wave of startups has launched in recent months, with pedigreed founders and fat checks, to be the first to achieve this goal. Ricursive Intelligence raised $335 million at a $4 billion valuation in February; three months later, Recursive Superintelligence raised $650 million at a $4 billion valuation; and former Google DeepMind veteran Jeff Dean launched Discovery Loop last month.

“The creation of recursive self-improving loops, so an AI system that can build the next generation of AI system, which itself can build an even more powerful AI, which can build a more powerful AI, et cetera, et cetera, is the most likely candidate for the point we lose control,” Connor Leahy, U.S. executive director of AI safety nonprofit ControlAI, told TechCrunch. “It’s very hard to imagine shutting that down before it’s too late.”

Recent legislation has emerged in the U.S. and the U.K. to ban the development and deployment of superintelligence. Last week, Sen. Bernie Sanders (I-Vt.) and Rep. Greg Casar (D-Texas) introduced the Ban Artificial Superintelligence Act, and on Tuesday, British Labour MP Alex Sobel introduced the Artificial Superintelligence Security Bill in Parliament. 

Leahy, who advised on both bills, noted that the U.K.’s legislation points to recursive self-improvement as a precursor to superintelligence that “must be regulated and prevented.”

“Superintelligence is not a tool,” Leahy said. “It’s not a weapon, even. It’s an adversary.”

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Investors interested in stocks from the Gaming sector have probably already heard of Motorsport Games Inc. (MSGM - Free Report) and Red Rock Resorts (RRR - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Motorsport Games Inc. has a Zacks Rank of #1 (Strong Buy), while Red Rock Resorts has a Zacks Rank of #3 (Hold) right now. Investors should feel comfortable knowing that MSGM likely has seen a stronger improvement to its earnings outlook than RRR has recently. But this is only part of the picture for value investors.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

MSGM currently has a forward P/E ratio of 12.93, while RRR has a forward P/E of 36.39. We also note that MSGM has a PEG ratio of 0.52. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. RRR currently has a PEG ratio of 4.61.

Another notable valuation metric for MSGM is its P/B ratio of 3.09. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, RRR has a P/B of 20.21.

These are just a few of the metrics contributing to MSGM's Value grade of A and RRR's Value grade of C.

MSGM sticks out from RRR in both our Zacks Rank and Style Scores models, so value investors will likely feel that MSGM is the better option right now.

Key Takeaways Red Rock Resorts expects Green Valley Ranch's full East Tower hotel product back online in September.Over 21,000 room nights were unavailable in Q2, contributing to about $7 million of temporary disruption.RRR still faces higher labor, utility and construction costs, with Durango disruption starting in Q3. Red Rock Resorts, Inc. (RRR - Free Report) enters the second half of 2026 with a near-term operating catalyst at Green Valley Ranch. More than 21,000 room nights were unavailable during the second quarter as hotel renovation work reduced capacity and affected related gaming and food-and-beverage activity.

The full East Tower hotel product is expected back online in September, with management pointing to late September for the return of the full hotel offering. Restored capacity could help RRR test whether underlying hotel demand can translate into better operating performance heading into the fourth quarter.

RRR's Green Valley Rooms Return in StagesGreen Valley Ranch's West Tower and convention space have already reopened. The East Tower is expected to return in September, completing the renovation of the property's guest rooms and suites.

The broader redevelopment is not finished. A roughly $56 million next phase includes a casino-floor refresh, food-and-beverage enhancements and upgraded entertainment amenities, with construction expected to extend into 2027.

Red Rock Resorts' Q2 Disruption Shows the Earnings CostGreen Valley Ranch experienced about $7 million of temporary disruption in the second quarter, better than the prior $9 million expectation. Management linked the impact mainly to unavailable rooms and the associated loss of gaming and food-and-beverage activity.

Las Vegas adjusted EBITDA fell 5% year over year to $227.5 million, while the segment's adjusted EBITDA margin declined to 45.2% from 46.7%. Consolidated adjusted EBITDA margin also fell to 40.8% from 43.6%, showing the broader profitability pressure during the quarter.

RRR Could Regain Hotel and Gaming CapacityExcluding Green Valley Ranch's room disruption, same-store hotel performance was favorable, with management citing positive occupancy and average daily rate trends. Food and beverage also benefited from higher guest volumes and higher check averages.

Restoring the inventory should improve Green Valley Ranch's ability to capture hotel, gaming and dining demand. The property's renovated high-limit gaming areas are already in service.

Boyd Gaming Corporation (BYD - Free Report) said its Las Vegas Locals results were affected by destination softness at the Orleans and construction disruption at Suncoast in the second quarter. Caesars Entertainment, Inc. (CZR - Free Report) reported Las Vegas net revenues of $1.017 billion, down 3.5% year over year. Those updates provide current peer context for RRR's reopening.

Red Rock Resorts Still Faces Utility and Project CostsThe reopening alone does not remove near-term cost pressure. Labor costs were up about 3% year over year, and management expects electric utility expense to remain a drag through the rest of 2026.

Seasonality adds another constraint. Management said Las Vegas operations are typically down about 10% sequentially from the second quarter to the third, while construction continues at Green Valley Ranch, Sunset Station and Durango. Durango is also expected to absorb about $2.5 million of quarterly disruption beginning in the third quarter.

RRR's Cautious Signals Frame the ReopeningThe September room return gives RRR a concrete operating milestone, but margin recovery can remain uneven while construction and utility costs persist. Green Valley Ranch is the first major return-on-investment project expected to begin contributing in the fourth quarter, making that period the next scheduled step in the property's earnings ramp.

RRR currently carries a Zacks Rank #3 (Hold), with a Value Score of C, Growth Score of C, Momentum Score of F and VGM Score of D. The Zacks framework places greater emphasis on A and B Style Scores, especially alongside #1 or #2 ranks. RRR's current mix does not provide that combination, supporting a cautious view while investors wait for evidence that restored capacity is translating into stronger earnings and margins. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Red Rock Resorts' resilient gaming trends and Durango expansion support its growth outlook.Durango North is slated for 2027, adding casino space, slots, dining, entertainment and parking.RRR's EBITDA margin fell as project disruption and higher labor and utility costs pressured profits. Shares of Red Rock Resorts, Inc. (RRR - Free Report) have gained 20.3% in the past three months, putting the focus on whether operating fundamentals can support the move. Stable gaming activity and an expanding development pipeline help the case, but construction and higher costs are pressuring profitability.

Execution now matters more. Durango and other projects can add earnings capacity over time, yet leverage remains elevated and estimate momentum has weakened.

RRR's Core Gaming Trends Stay ResilientCore slot and table trends were stable in the second quarter. Carded spend per visit and net theoretical win increased across local, regional and national customers. July gaming trends also remained favorable.

Peer results show a mixed backdrop. Boyd Gaming Corporation (BYD - Free Report) said its Las Vegas Locals segment faced destination softness and construction disruption, though the rest of the segment grew revenues. Caesars Entertainment, Inc. (CZR - Free Report) reported Las Vegas net revenues down 3.5% year over year, while regional net revenues rose 9.4%.

Red Rock Resorts' Durango Expansion Extends the RunwayDurango remains a key long-term growth lever. The December 2025 expansion added more than 25,000 square feet of casino space, a high-limit slot area and nearly 2,000 covered parking spaces. Management has cited favorable results from the premium gaming area.

Durango North remains scheduled for the second half of 2027. The project is expected to add more than 275,000 square feet, nearly 400 slots and new dining, entertainment, bowling and theater amenities. Management cited residential growth in Southwest Las Vegas as support for the project.

RRR's Margin Pressure Tests the RallyNear-term profitability is the main counterweight. Consolidated adjusted EBITDA fell 9.3% year over year to $208 million in the second quarter, while margin contracted 281 basis points to 40.8%. Las Vegas adjusted EBITDA margin fell 143 basis points to 45.2%.

Green Valley Ranch absorbed about $7 million of disruption in the quarter. Durango is expected to face about $2.5 million of quarterly disruption beginning in the third quarter through completion in the second half of 2027. Labor costs rose about 3%, while electric utility expense is expected to remain a drag through the rest of 2026.

Red Rock Resorts' Debt Raises the Bar for ExecutionRRR ended the second quarter with $136.5 million of cash, $3.6 billion of total debt and $3.5 billion of net debt. Net debt to EBITDA increased to 4.21X from 4.07X at March 31, reducing balance-sheet flexibility during an investment-heavy period.

Full-year 2026 capital spending is still expected at $375 million to $425 million, including $275 million to $300 million of investment capital. Second-quarter operating free cash flow of $100 million supports reinvestment, but elevated leverage leaves less room to absorb execution or cost variability.

RRR's Mixed Scores Temper Momentum EnthusiasmBottom line, RRR's 20.3% three-month gain is supported by resilient gaming trends and a multi-year development pipeline, but margin pressure, construction disruption and leverage keep the fundamental picture balanced. Price strength alone does not remove the execution risk.

The stock carries a Zacks Rank #3 (Hold), with a Value Score of C, Growth Score of C, Momentum Score of F and VGM Score of D. The #3 Rank does not signal the stronger short-term setup associated with #1 or #2 stocks, while the weaker Style Scores temper the momentum signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The current fiscal-year EPS estimate has declined 1.9% in the past four weeks and 10.7% in the past 12 weeks. The recent stock gain is therefore not yet matched by improving estimate momentum.

Dallas Mavericks purchase turns LVS stock into a cheaper betRed Rock Resorts NASDAQ: RRR reported second-quarter results that declined from a year earlier but remained among the strongest second-quarter performances in the company’s history, as its Las Vegas operations navigated renovation and construction-related disruption at several properties.

Las Vegas operations generated net revenue of $503.2 million, down 2% from the prior-year quarter, while adjusted EBITDA declined 5% to $227.5 million. The segment’s adjusted EBITDA margin was 45.2%, down 143 basis points year over year.

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On a consolidated basis, including contributions from the North Fork project, revenue fell 3% to $510.3 million and adjusted EBITDA decreased 9.3% to $208 million. Consolidated adjusted EBITDA margin was 40.8%, a year-over-year decline of 281 basis points.

Chief Financial Officer Stephen Cootey said the Las Vegas business delivered its second-highest second-quarter revenue and adjusted EBITDA in company history, behind only the prior-year period. He said the company saw higher carded spend per visit and net theoretical win across local, regional and national customer segments.

Gaming and non-gaming trends President Scott Kreeger said slot revenue, the company’s largest source of business, was relatively consistent across April, May and June. April performed better than May and June in race and sportsbook and table games, he said, but the differences were limited.

Cootey said World Cup-related promotions and activations during June helped drive traffic at the company’s properties. Management said it was seeing stable trends in core slot and table operations entering the second half of the year.

The company also reported strength in hotel and food-and-beverage revenue, though the Green Valley Ranch hotel renovation removed more than 21,000 available room nights during the quarter. Cootey said the reduction affected hotel, gaming and food-and-beverage revenue and profitability, estimating the Green Valley Ranch disruption at about $7 million, compared with a previously anticipated $9 million impact.

Kreeger said same-store hotel performance excluding Green Valley Ranch was strong, with favorable occupancy and average daily rate trends. He added that the company’s average daily rate outpaced the Las Vegas Strip during the quarter. The East Tower at Green Valley Ranch is expected to return to service in September, completing renovations to the property’s rooms and suites.

Management said demand and spending trends remained stable across customer segments, including higher-end and lower-end guests. Kreeger said the company had not experienced an impact from Strip operators’ value packages, arguing that Red Rock’s locals-focused business is supported by convenience, service and value.

Construction activity and expansion plans Red Rock Resorts is managing construction at Durango, Sunset Station and Green Valley Ranch, alongside state infrastructure work near several properties. Cootey said Durango experienced little disruption in the second quarter, but the company continues to expect approximately $2.5 million of disruption in the third quarter and in subsequent quarters until work is completed in the second half of 2027.

The Durango North expansion remains on schedule for opening in the second half of 2027. Management said the property’s performance has supported its view that new integrated resorts can grow the Las Vegas locals market rather than merely shift demand among existing operators.

At Sunset Station, the company recently reopened the Gaudi Bar and plans to open Stoney’s Rockin’ Country, a country-western bar and nightclub, in the coming weeks. The broader $87 million redevelopment includes theater improvements, a permanent bingo location, and redevelopment of former buffet space into a steak club, steakhouse and high-limit gaming area. The project is expected to continue through 2026 and into 2027.

Green Valley Ranch’s next redevelopment phase includes a casino-floor refresh, food-and-beverage enhancements and entertainment upgrades. That work is expected to continue into 2027 and carries an estimated $56 million cost.

Meanwhile, the North Fork project remains on track for an early fourth-quarter 2026 opening. Cootey said the project is fully financed, remains on budget and is expected to have total all-in costs of about $750 million. Red Rock’s outstanding note receivable from the tribe was approximately $83.4 million at quarter-end.

Cash flow, capital spending and shareholder returns The company generated $100 million of operating free cash flow during the quarter, or $0.95 per share, representing 48% of adjusted EBITDA. Year-to-date operating free cash flow totaled $206.7 million, or $1.97 per share.

Cash and cash equivalents totaled $136.5 million at quarter-end. Total principal debt outstanding was $3.6 billion, resulting in net debt of $3.5 billion. Net debt to EBITDA was 4.21 times. Quarterly capital spending was $139.8 million, including $94.4 million of investment capital and $45.4 million of maintenance capital. Full-year 2026 capital spending guidance was maintained at $375 million to $425 million. Red Rock Resorts said it has returned approximately $198 million to shareholders year to date through dividends and share repurchases. Its board declared a quarterly cash dividend of $0.26 per Class A common share, payable Sept. 30 to shareholders of record as of Sept. 15.

Looking ahead, Cootey said the third quarter is historically one of the company’s softer seasonal periods, with Las Vegas operations typically down about 10% sequentially from the second quarter. Management noted, however, that fourth-quarter comparisons will be affected by the expected North Fork opening.

The company also plans to record approximately $8 million of one-time 50th anniversary and brand-marketing expense in third-quarter corporate expense. The campaign, branded “From Vegas, For Vegas, Always Vegas,” is intended to reinforce the company’s position in the Las Vegas locals market, according to management.

About Red Rock Resorts (NASDAQ:RRR)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Red Rock Resorts (RRR - Free Report) reported $510.26 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 3%. EPS of $0.67 for the same period compares to $0.95 a year ago.

The reported revenue represents a surprise of +2.77% over the Zacks Consensus Estimate of $496.53 million. With the consensus EPS estimate being $0.33, the EPS surprise was +103.03%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Red Rock Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Operating Revenues- Casino: $338.31 million versus the four-analyst average estimate of $328.43 million. The reported number represents a year-over-year change of -1.9%.Operating Revenues- Room: $46.66 million compared to the $46.98 million average estimate based on four analysts. The reported number represents a change of -8.9% year over year.Operating Revenues- Other: $28.46 million compared to the $25.94 million average estimate based on four analysts. The reported number represents a change of +9.9% year over year.Operating Revenues- Food and Beverage: $93.03 million compared to the $91.4 million average estimate based on four analysts. The reported number represents a change of -1.4% year over year.Net Revenue- Native American: $3.81 million versus the three-analyst average estimate of $3.17 million.Net Revenue- Las Vegas operations: $503.16 million compared to the $492.3 million average estimate based on three analysts. The reported number represents a change of -2% year over year.Net Revenue- Corporate and other: $3.3 million versus the three-analyst average estimate of $3.01 million. The reported number represents a year-over-year change of +9.8%.Adjusted EBITDA- Corporate and other: $-22.3 million versus the four-analyst average estimate of $-21.14 million.Adjusted EBITDA- Las Vegas operations: $227.53 million compared to the $209 million average estimate based on four analysts.Adjusted EBITDA- Native American: $2.81 million compared to the $2.77 million average estimate based on three analysts.View all Key Company Metrics for Red Rock Resorts here>>>

Shares of Red Rock Resorts have returned +0.9% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

, /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the second quarter ended June 30, 2026.

Second Quarter Results

Consolidated Operations

Net revenues were $510.3 million for the second quarter of 2026, a decrease of 3.0%, or $16.0 million, from $526.3 million in the same period of 2025. Net income was $76.6 million for the second quarter of 2026, a decrease of 29.3%, or $31.7 million, from $108.3 million in the same period of 2025. Adjusted EBITDA(1) was $208.0 million for the second quarter of 2026, a decrease of 9.3%, or $21.4 million, from $229.4 million in the same period of 2025. Las Vegas Operations

Net revenues from Las Vegas operations were $503.2 million for the second quarter of 2026, a decrease of 2.0%, or $10.1 million, from $513.3 million in the same period of 2025. Adjusted EBITDA from Las Vegas operations was $227.5 million for the second quarter of 2026, a decrease of 5.0%, or $11.9 million, from $239.4 million in the same period of 2025. Native American

Net revenues from Native American activities were $3.8 million for the second quarter of 2026, a decrease of 62.0%, or $6.2 million, from $10.0 million in the same period of 2025. Adjusted EBITDA from Native American activities was $2.8 million, a decrease of 72.0%, or $7.2 million, from $10.0 million in the same period of 2025. Balance Sheet Highlights

The Company's cash and cash equivalents at June 30, 2026 were $136.5 million and total principal amount of debt outstanding at the end of the second quarter was $3.6 billion.

Quarterly Dividend

The Company's Board of Directors has declared a cash dividend of $0.26 per Class A common share for the second quarter of 2026. The dividend will be payable on September 30, 2026 to all stockholders of record as of the close of business on September 15, 2026.

Prior to the payment of such dividend, Station Holdco LLC ("Station Holdco") will make a cash distribution to all unit holders of record, including the Company, of $0.26 per unit for a total distribution of approximately $29.0 million, approximately $17.1 million of which is expected to be distributed to the Company and approximately $11.9 million of which is expected to be distributed to the other unit holders of record of Station Holdco.

Conference Call Information 

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial results. The conference call will consist of prepared remarks from the Company and include a question and answer session. Those interested in participating in the call should dial (888) 317-6003, or (412) 317-6061 for international callers, approximately 15 minutes before the call start time. Please use the passcode: 6067582. A replay of the call will be available from today through August 11, 2026 at www.redrockresorts.com. A live audio webcast of the call will also be available at www.redrockresorts.com.

Presentation of Financial Information

(1) Adjusted EBITDA is a non-GAAP measure that is presented solely as a supplemental disclosure. We believe that Adjusted EBITDA is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies. We believe that in addition to net income, Adjusted EBITDA is a useful financial performance measurement for assessing our operating performance because it provides information about the performance of our ongoing core operations. Adjusted EBITDA for the three and six months ended June 30, 2026 and 2025 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements and non-routine items), interest expense, net, change in fair value of derivative instruments, gain on Native American development and provision for income tax.

Company Information and Forward Looking Statements

Red Rock Resorts is a holding company that owns an indirect equity interest in and manages Station Casinos LLC ("Station Casinos"). Station Casinos is the leading provider of gaming, hospitality and entertainment to the residents of Las Vegas, Nevada. Station Casinos' properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include hotels as well as various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Resort & Casino, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, Wildfire Lake Mead, Wildfire on Fremont and Seventy Six by Station Casinos (North Lamb, Aliante, Union Village, Tropicana, Fort Apache, and Park Highlands). Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward-looking statements can often be identified by their use of words such as "will", "might", "predict", "continue", "forecast", "expect", "believe", "anticipate", "outlook", "could", "would", "target", "project", "intend", "plan", "seek", "estimate", "pursue", "should", "may" and "assume", or the negative thereof, as well as variations of such words and similar expressions referring to the future. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Certain important factors, including but not limited to, financial market risks, could cause our actual results to differ materially from those expressed in our forward-looking statements. Further information on potential factors which could affect our financial condition, results of operations and business includes, without limitation, the impact of rising inflation, higher interest rates and increased energy costs on consumer demand and the Company's business, financial results and liquidity; the impact of unemployment and changes in general economic conditions on discretionary spending and consumer demand; the impact of our substantial indebtedness; the effects of local and national economic, credit and capital market conditions on consumer spending and the economy in general, and on the gaming and hotel industries in particular; the effects of competition, including locations of competitors and operating and market competition; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; risks associated with construction projects, including disruption of our operations, shortages of materials or labor, unexpected costs, unforeseen permitting or regulatory issues and weather; litigation outcomes and judicial actions, including gaming legislative action, referenda and taxation; acts of war or terrorist incidents, pandemics, natural disasters or civil unrest; risks associated with the collection and retention of data about our customers, employees, suppliers and business partners; and other risks discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company's other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

View source version on http://redrockresorts.investorroom.com/:

Investors:
Stephen L. Cootey
[email protected]
(702) 495-4214

Media:
Michael J. Britt
[email protected]
(702) 495-3693

Red Rock Resorts, Inc.

Condensed Consolidated Statements of Income

(amounts in thousands, except per share data)

(unaudited)

Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

2026

2025

Operating revenues:

Casino

$         338,305

$         344,796

$         678,827

$         678,041

Food and beverage

93,033

94,374

183,356

183,646

Room

46,658

51,187

92,172

101,357

Native American management and development fees

3,806

10,008

8,543

10,008

Other

28,460

25,908

54,683

51,082

Net revenues

510,262

526,273

1,017,581

1,024,134

Operating costs and expenses:

Casino

90,239

93,862

181,469

183,275

Food and beverage

78,699

75,894

152,886

149,655

Room

15,845

15,941

31,449

31,930

Other

9,983

8,519

17,683

15,762

Selling, general and administrative

117,936

112,031

232,293

216,742

Depreciation and amortization

58,985

47,988

114,840

96,319

Write-downs and other, net

2,579

4,010

7,289

8,070

374,266

358,245

737,909

701,753

Operating income

135,996

168,028

279,672

322,381

Earnings from joint ventures

637

610

1,344

1,322

Operating income and earnings from joint ventures

136,633

168,638

281,016

323,703

Other (expense) income:

Interest expense, net

(49,645)

(50,632)

(99,149)

(101,742)

Change in fair value of derivative instruments

3,087

(2,305)

4,053

(7,499)

Gain on Native American development

—

8,476

—

8,476

Income before income tax

90,075

124,177

185,920

222,938

Provision for income tax

(13,483)

(15,924)

(26,608)

(28,735)

Net income

76,592

108,253

159,312

194,203

Less: net income attributable to noncontrolling interests

37,474

51,849

77,305

93,050

Net income attributable to Red Rock Resorts, Inc.

$           39,118

$           56,404

$           82,007

$         101,153

Earnings per common share:

Earnings per share of Class A common stock, basic

$              0.68

$              0.96

$              1.41

$              1.71

Earnings per share of Class A common stock, diluted

$              0.67

$              0.95

$              1.40

$              1.69

Weighted-average common shares outstanding:

Basic

57,888

58,960

58,045

59,081

Diluted

58,805

102,730

59,086

103,060

Dividends declared per common share

$0.26

$1.25

$1.52

$1.50

Red Rock Resorts, Inc.

Segment Information and Reconciliation of Net Income to Adjusted EBITDA

(amounts in thousands)

(unaudited)

Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

2026

2025

Net revenues

Las Vegas operations

$         503,158

$         513,262

$      1,002,680

$      1,008,215

Native American 

3,806

10,008

8,543

10,008

Corporate and other

3,298

3,003

6,358

5,911

Net revenues

$         510,262

$         526,273

$      1,017,581

$      1,024,134

Net income

$           76,592

$         108,253

$         159,312

$         194,203

Adjustments

Depreciation and amortization

58,985

47,988

114,840

96,319

Share-based compensation

9,847

8,723

17,527

16,347

Write-downs and other, net

2,579

4,010

7,289

8,070

Interest expense, net

49,645

50,632

99,149

101,742

Change in fair value of derivative instruments

(3,087)

2,305

(4,053)

7,499

Gain on Native American development

—

(8,476)

—

(8,476)

Provision for income tax

13,483

15,924

26,608

28,735

Adjusted EBITDA

$         208,044

$         229,359

$         420,672

$         444,439

Adjusted EBITDA

Las Vegas operations

$         227,534

$         239,444

$         459,951

$         475,344

Native American 

2,811

10,008

5,734

10,008

Corporate and other

(22,301)

(20,093)

(45,013)

(40,913)

Adjusted EBITDA

$         208,044

$         229,359

$         420,672

$         444,439

SOURCE Red Rock Resorts, Inc.

Posted by Defense World Staff on Jul 21st, 2026

Bessemer Group Inc. lifted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR – Free Report) by 48.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,494 shares of the company’s stock after purchasing an additional 26,600 shares during the period. Bessemer Group Inc. owned 0.08% of Red Rock Resorts worth $4,349,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in shares of Red Rock Resorts in the first quarter valued at approximately $1,147,000. UBS Group AG raised its holdings in shares of Red Rock Resorts by 205.1% during the fourth quarter. UBS Group AG now owns 476,311 shares of the company’s stock worth $29,507,000 after acquiring an additional 320,175 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Red Rock Resorts by 54.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 125,800 shares of the company’s stock valued at $7,793,000 after acquiring an additional 44,546 shares in the last quarter. Legal & General Group Plc lifted its position in Red Rock Resorts by 147.9% in the 4th quarter. Legal & General Group Plc now owns 119,453 shares of the company’s stock valued at $7,400,000 after acquiring an additional 71,274 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Red Rock Resorts in the 3rd quarter worth $15,114,000. 47.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of research firms have issued reports on RRR. Wells Fargo & Company upgraded Red Rock Resorts from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $75.00 in a report on Tuesday, July 14th. Weiss Ratings raised Red Rock Resorts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Morgan Stanley set a $59.00 price objective on Red Rock Resorts in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $72.00 target price on shares of Red Rock Resorts in a research report on Thursday, April 30th. Finally, Zacks Research cut Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.24.

Read Our Latest Research Report on RRR

Red Rock Resorts Price Performance NASDAQ:RRR opened at $64.94 on Tuesday. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s 50-day simple moving average is $60.16 and its 200 day simple moving average is $59.66. The company has a market cap of $6.82 billion, a P/E ratio of 20.88, a P/E/G ratio of 4.90 and a beta of 1.35. Red Rock Resorts, Inc. has a 52-week low of $50.52 and a 52-week high of $68.99.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last released its earnings results 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). The company had revenue of $507.32 million for the quarter, compared to the consensus estimate of $505.63 million. Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts forecast that Red Rock Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.6%. Red Rock Resorts’s dividend payout ratio is currently 33.44%.

Red Rock Resorts Company Profile (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.

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.

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The IPO class of 2016 produced five very different outcomes. Some companies transformed beyond recognition. Others delivered steady compounding. One barely moved.

Five Companies, Five Paths Twilio (NYSE: TWLO | TWLO Price Prediction) went public in June 2016 as a developer-focused cloud communications platform. It rode the COVID-era software boom to stratospheric heights before crashing back. Today it has reinvented itself as artificial intelligence (AI) infrastructure for autonomous customer engagement agents, with FY2025 free cash flow of $945.4 million and over 400,000 active customer accounts.

US Foods (NYSE: USFD) has been the quiet compounder. The second-largest broadline food distributor in the United States had its initial public offer in May 2016 and has spent a decade grinding out margin expansion, posting record adjusted EBITDA of $1.9 billion in FY2025.

Nutanix (NASDAQ: NTNX) endured a painful transition from hardware-bundled appliances to pure software subscriptions. It eventually turned profitable, but the stock has given back significant ground over the past year.

Valvoline (NYSE: VVV) shed its lubricants business and transformed into a pure-play quick-lube operator with roughly 2,400 locations. The strategic clarity is real, but the stock hasn’t rewarded investors much over the decade.

Red Rock Resorts (NASDAQ: RRR) has been a direct play on Las Vegas population growth, opening the Durango Resort in 2023 and paying a special dividend of $1.00/share in February 2026.

The Returns What $1,000 invested at each IPO would be worth today, measured to March 12, 2026:

Twilio (IPO: June 23, 2016)

Initial Investment: $1,000 Current Value: $4,360 Total Return: +335.95% 1-Year Return: +22.08% 5-Year Return: −65.99% S&P 500 (1-year): +19.18% | S&P 500 (5-year): +69.03%
US Foods (IPO: May 26, 2016) Initial Investment: $1,000 Current Value: $3,718 Total Return: +271.78% 1-Year Return: +42% 5-Year Return: +129.06% S&P 500 (1-year): +19.18% | S&P 500 (5-year): +69.03%
Nutanix (IPO: September 30, 2016) Initial Investment: $1,000 Current Value: $1,058 Total Return: +5.76% 1-Year Return: −42.26% 5-Year Return: +43.02% S&P 500 (1-year): +19.18% | S&P 500 (5-year): +69.03%
Valvoline (IPO: September 28, 2016) Initial Investment: $1,000 Current Value: $1,583 Total Return: +58.29% 1-Year Return: −1.5% 5-Year Return: +30.93% S&P 500 (1-year): +19.18% | S&P 500 (5-year): +69.03%
Red Rock Resorts (IPO: May 27, 2016) Initial Investment: $1,000 Current Value: $3,835 Total Return: +283.51% 1-Year Return: +38.17% 5-Year Return: +106.98% S&P 500 (1-year): +19.18% | S&P 500 (5-year): +69.03%
The S&P 500 returned 228.92% over its standard 10-year window. Twilio and Red Rock both cleared that bar. US Foods came close. Nutanix and Valvoline fell well short. Twilio’s decade-long return masks a brutal middle chapter. Anyone who bought near the 2021 peak is still sitting on a 65.99% five-year loss. The full-period gain only materializes for investors who bought near the IPO and held through a 90%+ peak drawdown.

Key Narratives Going Forward US Foods posted a one-year return that beat the S&P 500, with record adjusted EBITDA in FY2025. Analysts will be watching whether restaurant sector trends affect food distribution volumes.

Red Rock Resorts carries a $3.4 billion debt load alongside its Durango expansion and cyclical exposure to Las Vegas consumer spending.

Nutanix posted a 42.26% one-year decline even as its software transition metrics improved. Analysts have noted that divergence. Investors should conduct their own research before making any decisions.

Pre-Market Stock Futures: Futures are trading higher after President Trump signalled that talks with Iran are progressing positively, as we get ready to start another trading week, with the same issues that have dragged the stock market down for four consecutive weeks still in place. While we have had a virtual March Madness in stocks, there are at least some positive developments that could slow the massive rise in energy prices, not the least of which is getting oil tankers through the Strait of Hormuz. All of the major indices closed lower again on Friday, with the Russell 2000 leading the way, finishing the session down 2.61% at 2,429, and is now officially in correction territory, while the Nasdaq closed down 2.01% at 21,647. The S&P 500 was last seen at 6,506, down 1.51%, which could be a bad break for the legacy index, as most technicians have warned that breaking the 6,600 support level could lead to more selling. The Dow Jones Industrial Average held up best, ending the day at 45,577, down 0.96%.

Treasury Bonds: The song remains the same, as yields across the Treasury curve rose again on Friday. The recent rise in inflation and the growing belief across Wall Street that interest rate cuts may be off the table until the summer, with some firms indicating there will be no rate cut this year, have contributed to the selling. The 30-year long bond finished Friday at 4.96%, while the benchmark ten-year note was last seen at 4.38%. One thing is for sure: if you see the 10-year note hit 4.75%, it would make sense to buy that level. 

Oil and Gas: Despite the United States trying in numerous ways to increase supply and distribution, oil traded higher on Friday but backed off from levels reached earlier in the day. Despite the efforts, Brent crude still finished the day up 3.62% at $112.60, while West Texas Intermediate continues closing in on the $100 level, and was last seen at $98.29, up 2.87%. Natural gas was a surprise, closing down 2.24% at $3.10.

Gold: Gold and Silver both continued the epic slide that started in earnest about a month ago, on Friday, and this could very well carry through this week.  The combination of a stronger US dollar, rising Treasury yields, and reduced expectations of immediate interest rate cuts was cited as a reason for the weakness. The surge in oil prices has intensified inflation concerns, prompting investors to liquidate gold positions to cover margin calls and making it a source of cash in volatile markets, despite its usual role as a safe haven. Gold finished Friday at $4,487, down 3.4%, while Silver closed the session at $67.97, down 6.45%.

Crypto: After a week of heavy swings, the cryptocurrency market attempted to stabilize on Friday, with Bitcoin hovering between $70,000 and $71,000. Despite recovering from recent lows, the crypto market continues to face headwinds from Middle Eastern geopolitical instability and a dip in institutional momentum. At 7 AM EDT, Bitcoin traded at $68,549, while Ethereum traded at $2,048.

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Monday, March 23, 2026.  

Upgrades: APA Corporation (NYSE: APA) | APA Price Prediction was upgraded to Equal Weight from Underweight at Barclays, which has a $35 target price for the oil giant. Cheniere Energy Inc. (NYSE: LNG) was upgraded to Overweight from Equal Weight at Morgan Stanley, which raised the target price for the LNG leader to $313 from $236. MongoDB Inc. (NASDAQ: MDB) was upgraded to Outperform from Neutral at Mizuho, which boosted the target price for the stock to $325 from $290. Valvoline Inc. (NYSE: VVV) was raised to Buy from Hold at Stifel, which nudged their target price for the shares to $42 from $40. Venture Global Inc. (NYSE: VG) was raised to Overweight from Underweight at Morgan Stanley, which lifted the target price for the stock to $22 from $8. Downgrades: Brookfield Renewable Corp. (NYSE: BEPC) was downgraded to Underweight from Overweight at Morgan Stanley, which lowered the target price for the shares to $95 from $120. Crown Castle Inc. (NYSE: CCI) was downgraded to Equal Weight from Overweight at Wells Fargo, which has an $85 target price for the stock. PG&E Corp. (NYSE: PCG) was downgraded to Hold from Buy at Jefferies, which trimmed the target price for the utility to $19 from $20. Super Micro Computer Inc. (NASDAQ: SMCI) was downgraded to Market Perform from Outperform at Northland, with a $22 target price. Zimmer Biomet Holdings Inc. (NYSE: ZBH) was cut to Neutral from Buy at BTIG, without a target price for the company. Initiations:  Terawulf Inc. (NASDAQ: WULF) was initiated with a Buy rating at Arete, which has a huge $30 prce target for the company. Hut 8 Corp. (NASDAQ: HUT) was started with a Buy rating at Arete, which has a $136 target price for the shares. Jasper Therapeutics (NASDAQ: JSPR) was assumed with a Neutral rating at UBS, with a $1.50 target price. Red Rock Resorts Inc. (NYSE: RRR) was started with a Buy rating at Benchmark, which has a $67 target price for the iconic Colorado music venue. Odysight.AI Inc. (NASDAQ: ODYS) was initiated with a Buy rating at Benchmark, with a $10 target price objective.

Posted by Defense World Staff on Apr 7th, 2026

SG Americas Securities LLC boosted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR – Free Report) by 135.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,397 shares of the company’s stock after purchasing an additional 14,608 shares during the quarter. SG Americas Securities LLC’s holdings in Red Rock Resorts were worth $1,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Strs Ohio acquired a new position in Red Rock Resorts in the third quarter valued at about $37,000. GAMMA Investing LLC increased its holdings in Red Rock Resorts by 53.8% in the 4th quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after buying an additional 263 shares during the period. Canada Pension Plan Investment Board bought a new position in Red Rock Resorts in the 2nd quarter valued at about $94,000. Russell Investments Group Ltd. raised its position in shares of Red Rock Resorts by 1,385.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,872 shares of the company’s stock valued at $97,000 after buying an additional 1,746 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Red Rock Resorts during the 3rd quarter worth approximately $136,000. Institutional investors own 47.84% of the company’s stock.

Analyst Ratings Changes Several equities research analysts have weighed in on RRR shares. UBS Group set a $73.00 target price on Red Rock Resorts in a research note on Wednesday, December 24th. Citizens Jmp lifted their price target on Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Benchmark initiated coverage on Red Rock Resorts in a research report on Monday, March 23rd. They set a “buy” rating and a $67.00 price objective for the company. Mizuho set a $77.00 price objective on Red Rock Resorts in a research note on Wednesday, February 11th. Finally, Barclays lifted their target price on Red Rock Resorts from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Read Our Latest Research Report on RRR

Red Rock Resorts Stock Performance NASDAQ RRR opened at $55.74 on Tuesday. The firm’s fifty day moving average price is $60.15 and its two-hundred day moving average price is $59.73. The stock has a market cap of $5.85 billion, a PE ratio of 17.81, a PEG ratio of 2.29 and a beta of 1.48. The company has a debt-to-equity ratio of 10.26, a quick ratio of 0.74 and a current ratio of 0.79. Red Rock Resorts, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $68.99.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.34. The firm had revenue of $511.78 million for the quarter, compared to analyst estimates of $500.90 million. Red Rock Resorts had a return on equity of 58.13% and a net margin of 9.35%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. On average, equities analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Red Rock Resorts’s dividend payout ratio is 33.23%.

About Red Rock Resorts (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.

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.

Further Reading Five stocks we like better than Red Rock Resorts Want to see what other hedge funds are holding RRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Rock Resorts, Inc. (NASDAQ:RRR – Free Report).

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Posted by Defense World Staff on Apr 25th, 2026

Shares of Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $70.6429.

Several research firms have weighed in on RRR. Susquehanna boosted their target price on shares of Red Rock Resorts from $69.00 to $77.00 and gave the company a “positive” rating in a report on Wednesday, February 11th. Jefferies Financial Group reduced their price target on shares of Red Rock Resorts from $79.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Wells Fargo & Company boosted their price target on shares of Red Rock Resorts from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of Red Rock Resorts from $76.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Finally, Truist Financial reduced their price target on shares of Red Rock Resorts from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday.

View Our Latest Report on RRR

Red Rock Resorts Stock Performance NASDAQ:RRR opened at $54.08 on Friday. The company has a debt-to-equity ratio of 10.26, a current ratio of 0.79 and a quick ratio of 0.74. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.47 and a beta of 1.48. The company’s 50-day moving average is $58.15 and its two-hundred day moving average is $59.28. Red Rock Resorts has a 1-year low of $41.56 and a 1-year high of $68.99.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last posted its 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 company had revenue of $511.78 million for the quarter, compared to analyst estimates of $500.90 million. Red Rock Resorts had a net margin of 9.35% and a return on equity of 58.13%. Red Rock Resorts’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Analysts forecast that Red Rock Resorts will post 2.12 EPS for the current year.

Red Rock Resorts Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, March 16th. Red Rock Resorts’s payout ratio is 33.23%.

Institutional Investors Weigh In On Red Rock Resorts Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new stake in shares of Red Rock Resorts in the 4th quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Red Rock Resorts in the 4th quarter valued at approximately $27,000. Rockefeller Capital Management L.P. raised its stake in shares of Red Rock Resorts by 1,924.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares during the period. Strs Ohio purchased a new stake in shares of Red Rock Resorts in the 3rd quarter valued at approximately $37,000. Finally, GAMMA Investing LLC raised its stake in shares of Red Rock Resorts by 53.8% in the 4th 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. 47.84% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Company Profile (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.

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.

Further Reading Five stocks we like better than Red Rock Resorts

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, /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2026.

First Quarter Results

Consolidated Operations

Net revenues were $507.3 million for the first quarter of 2026, an increase of 1.9%, or $9.4 million, from $497.9 million in the same period of 2025. Net income was $82.7 million for the first quarter of 2026, a decrease of 3.8%, or $3.3 million, from $86.0 million in the same period of 2025. Adjusted EBITDA(1) was $212.6 million for the first quarter of 2026, a decrease of 1.2%, or $2.5 million, from $215.1 million in the same period of 2025. Las Vegas Operations

Net revenues from Las Vegas operations were $499.5 million for the first quarter of 2026, an increase of 0.9%, or $4.5 million, from $495.0 million in the same period of 2025. Adjusted EBITDA from Las Vegas operations was $232.4 million for the first quarter of 2026, a decrease of 1.5%, or $3.5 million, from $235.9 million in the same period of 2025. Native American

Net revenues from Native American activities were $4.7 million for the first quarter of 2026, with Adjusted EBITDA of $2.9 million, representing activities related to management and development fees. Balance Sheet Highlights

The Company's cash and cash equivalents at March 31, 2026 were $134.0 million and total principal amount of debt outstanding at the end of the first quarter was $3.6 billion.

Quarterly Dividend

The Company's Board of Directors has declared a cash dividend of $0.26 per Class A common share for the second quarter of 2026. The dividend will be payable on June 30, 2026 to all stockholders of record as of the close of business on June 15, 2026.

Prior to the payment of such dividend, Station Holdco LLC ("Station Holdco") will make a cash distribution to all unit holders of record, including the Company, of $0.26 per unit for a total distribution of approximately $28.8 million, approximately $16.9 million of which is expected to be distributed to the Company and approximately $11.9 million of which is expected to be distributed to the other unit holders of record of Station Holdco.

Conference Call Information 

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial results. The conference call will consist of prepared remarks from the Company and include a question and answer session. Those interested in participating in the call should dial (888) 317-6003, or (412) 317-6061 for international callers, approximately 15 minutes before the call start time. Please use the passcode: 1891420. A replay of the call will be available from today through May 6, 2026 at www.redrockresorts.com. A live audio webcast of the call will also be available at www.redrockresorts.com.

Presentation of Financial Information

(1) Adjusted EBITDA is a non-GAAP measure that is presented solely as a supplemental disclosure. We believe that Adjusted EBITDA is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies. We believe that in addition to net income, Adjusted EBITDA is a useful financial performance measurement for assessing our operating performance because it provides information about the performance of our ongoing core operations. Adjusted EBITDA for the three months ended March 31, 2026 and 2025 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements and non-routine items), interest expense, net, change in fair value of derivative instruments and provision for income tax.

Company Information and Forward Looking Statements

Red Rock Resorts is a holding company that owns an indirect equity interest in and manages Station Casinos LLC ("Station Casinos"). Station Casinos is the leading provider of gaming, hospitality and entertainment to the residents of Las Vegas, Nevada. Station Casinos' properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include hotels as well as various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Resort & Casino, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, Wildfire Lake Mead, Wildfire on Fremont and Seventy Six by Station Casinos (North Lamb, Aliante, Union Village and Tropicana). Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward-looking statements can often be identified by their use of words such as "will", "might", "predict", "continue", "forecast", "expect", "believe", "anticipate", "outlook", "could", "would", "target", "project", "intend", "plan", "seek", "estimate", "pursue", "should", "may" and "assume", or the negative thereof, as well as variations of such words and similar expressions referring to the future. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Certain important factors, including but not limited to, financial market risks, could cause our actual results to differ materially from those expressed in our forward-looking statements. Further information on potential factors which could affect our financial condition, results of operations and business includes, without limitation, the impact of rising inflation, higher interest rates and increased energy costs on consumer demand and the Company's business, financial results and liquidity; the impact of unemployment and changes in general economic conditions on discretionary spending and consumer demand; the impact of our substantial indebtedness; the effects of local and national economic, credit and capital market conditions on consumer spending and the economy in general, and on the gaming and hotel industries in particular; the effects of competition, including locations of competitors and operating and market competition; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; risks associated with construction projects, including disruption of our operations, shortages of materials or labor, unexpected costs, unforeseen permitting or regulatory issues and weather; litigation outcomes and judicial actions, including gaming legislative action, referenda and taxation; acts of war or terrorist incidents, pandemics, natural disasters or civil unrest; risks associated with the collection and retention of data about our customers, employees, suppliers and business partners; and other risks discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company's other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

View source version on http://redrockresorts.investorroom.com/:

Investors:
Stephen L. Cootey
[email protected]
(702) 495-4214

Media:
Michael J. Britt
[email protected]
(702) 495-3693

Red Rock Resorts, Inc.
Condensed Consolidated Statements of Income
(amounts in thousands, except per share data)
(unaudited)

Three Months Ended
March 31,

2026

2025

Operating revenues:

Casino

$         340,522

$         333,245

Food and beverage

90,323

89,272

Room

45,514

50,170

Native American management and development fees

4,737

—

Other

26,223

25,174

Net revenues

507,319

497,861

Operating costs and expenses:

Casino

91,230

89,413

Food and beverage

74,187

73,761

Room

15,604

15,989

Other

7,700

7,243

Selling, general and administrative

114,357

104,711

Depreciation and amortization

55,855

48,331

Write-downs and other, net

4,710

4,060

363,643

343,508

Operating income

143,676

154,353

Earnings from joint ventures

707

712

Operating income and earnings from joint ventures

144,383

155,065

Other (expense) income:

Interest expense, net

(49,504)

(51,110)

Change in fair value of derivative instruments

966

(5,194)

Income before income tax

95,845

98,761

Provision for income tax

(13,125)

(12,811)

Net income

82,720

85,950

Less: net income attributable to noncontrolling interests

39,831

41,201

Net income attributable to Red Rock Resorts, Inc.

$           42,889

$           44,749

Earnings per common share:

Earnings per share of Class A common stock, basic

$              0.74

$              0.76

Earnings per share of Class A common stock, diluted

$              0.73

$              0.75

Weighted-average common shares outstanding:

Basic

58,204

59,203

Diluted

59,369

103,393

Dividends declared per common share

$1.26

$0.25

Red Rock Resorts, Inc.
Segment Information and Reconciliation of Net Income to Adjusted EBITDA
(amounts in thousands)
(unaudited)

Three Months Ended
March 31,

2026

2025

Net revenues

Las Vegas operations

$         499,522

$         494,953

Native American 

4,737

—

Corporate and other

3,060

2,908

Net revenues

$         507,319

$         497,861

Net income

$           82,720

$           85,950

Adjustments

Depreciation and amortization

55,855

48,331

Share-based compensation

7,680

7,624

Write-downs and other, net

4,710

4,060

Interest expense, net

49,504

51,110

Change in fair value of derivative instruments

(966)

5,194

Provision for income tax

13,125

12,811

Adjusted EBITDA

$         212,628

$         215,080

Adjusted EBITDA

Las Vegas operations

$         232,417

$         235,900

Native American 

2,923

—

Corporate and other

(22,712)

(20,820)

Adjusted EBITDA

$         212,628

$         215,080

SOURCE Red Rock Resorts, Inc.

Red Rock Resorts (RRR - Free Report) reported $507.32 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 1.9%. EPS of $0.73 for the same period compares to $0.80 a year ago.

The reported revenue represents a surprise of -0.54% over the Zacks Consensus Estimate of $510.05 million. With the consensus EPS estimate being $0.54, the EPS surprise was +35.92%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Red Rock Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Operating Revenues- Casino: $340.52 million compared to the $338.78 million average estimate based on four analysts. The reported number represents a change of +2.2% year over year.Operating Revenues- Room: $45.51 million versus the four-analyst average estimate of $49.37 million. The reported number represents a year-over-year change of -9.3%.Operating Revenues- Other: $26.22 million versus the four-analyst average estimate of $25.37 million. The reported number represents a year-over-year change of +4.2%.Operating Revenues- Food and Beverage: $90.32 million versus the four-analyst average estimate of $92.5 million. The reported number represents a year-over-year change of +1.2%.Net Revenue- Native American management: $4.74 million compared to the $3.17 million average estimate based on three analysts.Net Revenue- Las Vegas operations: $499.52 million compared to the $506.4 million average estimate based on three analysts. The reported number represents a change of +0.9% year over year.Net Revenue- Corporate and other: $3.06 million versus $2.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.Adjusted EBITDA- Corporate and other: $-22.71 million versus $-20.9 million estimated by four analysts on average.Adjusted EBITDA- Las Vegas operations: $232.42 million versus the four-analyst average estimate of $226.56 million.Adjusted EBITDA- Native American management: $2.92 million compared to the $3 million average estimate based on two analysts.View all Key Company Metrics for Red Rock Resorts here>>>

Shares of Red Rock Resorts have returned +4.1% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Exploration and production company Magnolia Oil & Gas saw shares rise as the sharp increase in oil prices drove a broad rally across US-based oil producers. Red Rock Resorts' fundamentals remained solid, though the stock faced pressure in Q1 as investors linked gaming demand to discretionary spending trends. Recent Knowles' strategic initiatives have reshaped the portfolio toward higher-margin, mission-critical end markets with more durable demand drivers.

On May 13, 2026, Red Rock Resorts Inc RRR shares fell 3.8% today, bringing the current price to $51.04. Over the last year, the stock has seen a range between a 52-week high of $68.99 and a low of $44.28. The recent price decline adds to a year-to-date drop of 16.0%, despite a 12.3% increase over the last year.

GF Value™ verdict: Current price is $51.04, which is 22.4% below the GF Value™ of $65.79.GF Score™: 84/100, indicating a strong overall assessment of the stock.Most notable signal: No insider transactions have been reported in the last 3 months. Is RRR Overvalued or Undervalued? Red Rock Resorts Inc currently trades at $51.04, significantly below its GF Value™ of $65.79, suggesting that the stock is undervalued by about 22.4%. This margin of safety can be appealing for potential investors looking for undervalued opportunities. The GF Valuation label indicates that RRR is considered "Modestly Undervalued," which may present a buying opportunity for those seeking to capitalize on potential price appreciation. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

However, potential investors should exercise caution, as the company has a Financial Strength rating of only 3/10, which indicates some risk associated with its financial health. This could impact the company's performance and ultimately affect the stock price in the future.

How Does RRR's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.4x 17.9x Forward P/E 20.1x N/A RRR's current P/E (TTM) of 16.4x is approximately 8% below its 5-year median P/E of 17.9x, indicating that the stock is trading at a discount compared to its historical valuation. This P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that RRR is undervalued based on both intrinsic value and historical performance.

What Does RRR's GF Score™ Tell Us? Metric Rating GF Score™ 84/100 Financial Strength 3/10 Profitability 8/10 Growth 7/10 Valuation 8/10 Momentum 8/10 The GF Score™ of 84/100 indicates that Red Rock Resorts has a strong overall assessment, particularly in Profitability, Growth, Valuation, and Momentum, where it scored 8/10 each. However, the Financial Strength rating of 3/10 highlights a potential area of concern, suggesting that while the company may be generating profits and showing growth, its financial stability may not be as strong as desired.

What Are Insiders Doing with RRR Stock? There have been no insider transactions reported for Red Rock Resorts in the last 3 months. This lack of activity may suggest that insiders are either confident in the current valuation or are awaiting a more favorable market condition before making any trades.

What This Means for Investors Based on the analysis of GF Value™, Red Rock Resorts Inc appears to be undervalued at its current price of $51.04 compared to the GF Value™ of $65.79. However, potential investors should consider the company's low Financial Strength rating as a risk factor in their investment decisions.

For the complete analysis, visit the Red Rock Resorts Inc RRR stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is RRR's GF Score™?

RRR's GF Score™ is 84/100, indicating a strong overall assessment of the stock's potential for long-term returns.

Is RRR overvalued or undervalued?

RRR is considered undervalued, with a current price of $51.04 that is 22.4% below the GF Value™ of $65.79.

What is RRR's P/E ratio?

RRR's P/E (TTM) is 16.4x, which is below its 5-year median P/E of 17.9x, indicating it is trading at a discount compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

It has been about a month since the last earnings report for Red Rock Resorts (RRR - Free Report) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Red Rock Resorts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

Red Rock Resorts Q1 Earnings Beat Estimates, Revenues LagRed Rock Resorts reported first-quarter 2026 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line increased year over year, while the bottom line declined.

In the quarter under review, adjusted earnings per share (EPS) came in at 73 cents, topping the Zacks Consensus Estimate of 54 cents by 35.2%. In the prior-year quarter, the company recorded an adjusted EPS of 75 cents.

Quarterly revenues of $507.3 million missed the Zacks Consensus Estimate of $510 million. However, the top line increased 1.9% year over year.

Consolidated adjusted EBITDA margin held at a still-healthy 41.9%, as steady gaming fundamentals helped offset disruption tied to ongoing property projects.

RRR Keeps the Top-Line Growing With Casino-Led MixCasino revenues remained the anchor in the quarter, increasing to $340.5 million from $333.2 million a year ago. Food and beverage revenues also edged higher to $90.3 million, reflecting continued guest demand across the portfolio’s outlets.

Hotel was the notable soft spot within the mix, with room revenues declining to $45.5 million from $50.2 million in the year-ago quarter. Other revenues increased to $26.2 million, while Native American management and development fees added $4.7 million, tied to the North Fork project.

Red Rock Resorts Highlights Strength in Las Vegas OperationsThe company’s Las Vegas operations continued to set the tone, delivering net revenues of $499.5 million and underscoring management’s view that the locals customer remains resilient despite a choppier macro backdrop later in the quarter.

During the quarter, the company reported sustained traction in carded slot play, helped by robust spend per visit and net theoretical win across local, regional and national customer segments. It also emphasized that Durango’s continued ramp and the associated “backfill” at core properties remain central to the portfolio’s growth strategy.

RRR Absorbs Higher Costs as Renovations Pressure ResultsExpense discipline was mixed in the period. Selling, general and administrative costs increased to $114.4 million from $104.7 million, while depreciation and amortization rose to $55.9 million from $48.3 million, reflecting the company’s elevated reinvestment cycle.

Operationally, management framed much of the year-over-year profitability pressure as project-related, with Green Valley Ranch renovations reducing room nights and creating temporary friction at the property. The company also cited elevated utilities and certain non-recurring items as incremental headwinds during the quarter.

Red Rock Resorts Converts Cash Flow and Returns CapitalRRR generated $107 million of operating free cash flow, or $1.03 per share, converting 50.3% of adjusted EBITDA into operating free cash flow in the quarter. Management said this cash flow supported both the company’s capital program and shareholder returns.

Capital allocation remained active. During the quarter, the company repurchased roughly 635,000 Class A shares at an average price of $60.32 and paid a $1.00 per-share special dividend alongside the regular $0.26 quarterly dividend. The board also declared another $0.26 per-share dividend for the second quarter of 2026, payable June 30, to its shareholders of record June 15.

RRR’s Outlook Centers on Durango and North Fork MilestonesManagement guided to full-year 2026 capital spending of $375-$425 million, including $275-$300 million of investment capital and $100-$125 million of maintenance capital. The spend reflects continued work at Durango, Sunset Station and Green Valley Ranch, where renovations are intended to refresh the product and support higher-value visitation over time.

Two longer-dated growth catalysts also moved forward. The Durango North expansion is slated to add more than 275,000 square feet, including additional gaming and new amenities such as a bowling facility and luxury theaters, with an expected opening in summer 2027 and an estimated cost of about $385 million. Meanwhile, North Fork construction remains on track for an early fourth-quarter 2026 opening, with total project cost held at roughly $750 million and a remaining note balance of $80.6 million due from the Tribe at quarter's end.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.

The consensus estimate has shifted -22.63% due to these changes.

VGM ScoresAt this time, Red Rock Resorts has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Red Rock Resorts has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

Investors interested in Gaming stocks are likely familiar with Churchill Downs (CHDN) and Red Rock Resorts (RRR). But which of these two companies is the best option for those looking for undervalued stocks?