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.
Further Reading Five stocks we like better than Red Rock Resorts The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story
Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEWestern Digital Corporation $WDC Shares Sold by Andra AP fonden
NEXT HEADLINE »Bessemer Group Inc. Purchases 3,212 Shares of iShares Select Dividend ETF $DVY
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Investors interested in Gaming stocks are likely familiar with PENN Entertainment (PENN) and Red Rock Resorts (RRR). But which of these two stocks offers value investors a better bang for their buck right now?
, /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the second quarter 2026 on Tuesday, August 4, 2026 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session.
To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 6067582. For those of you dialing internationally, your dial in number is (412) 317-6061. A live audio webcast of the call will also be available at www.redrockresorts.com.
A replay of the call will be available through August 11, 2026, by dialing in at (855) 669-9658 or internationally at (412) 317-0088 using conference ID: 1253272. An audio archive of the call will also be available at www.redrockresorts.com.
About Red Rock Resorts
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 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 Casino Resort, 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, and Fort Apache). Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.
Investors:
Red Rock Resorts
Stephen L. Cootey
(702) 495-3550
Media:
Michael J. Britt
(702) 495-3693
[email protected]
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.
Bridgefront Capital LLC purchased a new stake in shares of Red Rock Resorts, Inc. (NASDAQ: RRR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,305 shares of the company's stock, valued at approximately $629,000. Several other hedge funds also recently modified their holdings of the
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.
, /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the first quarter 2026 on Wednesday, April 29, 2026 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session.
To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 1891420. For those of you dialing internationally, your dial in number is (412) 317-6061. A live audio webcast of the call will also be available at www.redrockresorts.com.
A replay of the call will be available through May 6, 2026, by dialing in at (855) 669-9658 or internationally at (412) 317-0088 using conference ID: 9286490. An audio archive of the call will also be available at www.redrockresorts.com.
About Red Rock Resorts
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 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 Casino Resort, 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 and Union Village). Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.
Investors:
Red Rock Resorts
Stephen L. Cootey
(702) 495-3550
Media:
Michael J. Britt
(702) 495-3693
[email protected]
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).
Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
Wall Street expects a year-over-year decline in earnings on higher revenues when Red Rock Resorts (RRR - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -32.5%.
Revenues are expected to be $510.05 million, up 2.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.53% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Red Rock Resorts?For Red Rock Resorts, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +20.09%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Red Rock Resorts will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Red Rock Resorts would post earnings of $0.41 per share when it actually produced earnings of $0.75, delivering a surprise of +82.93%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Red Rock Resorts appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEComcast Corporation (NASDAQ:CMCSA) Receives Consensus Recommendation of “Hold” from Analysts
NEXT HEADLINE »MercadoLibre (NASDAQ:MELI) vs. Newegg Commerce (NASDAQ:NEGG) Financial Survey
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Red Rock Resorts (RRR - Free Report) , which belongs to the Zacks Gaming industry, could be a great candidate to consider.
This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 85.91%.
For the most recent quarter, Red Rock Resorts was expected to post earnings of $0.41 per share, but it reported $0.75 per share instead, representing a surprise of 82.93%. For the previous quarter, the consensus estimate was $0.36 per share, while it actually produced $0.68 per share, a surprise of 88.89%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Red Rock Resorts. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Red Rock Resorts currently has an Earnings ESP of +20.09%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on April 29, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
, /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)
Red Rock Resorts (RRR - Free Report) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.8 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +35.92%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.75, delivering a surprise of +82.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Red Rock Resorts, which belongs to the Zacks Gaming industry, posted revenues of $507.32 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.54%. This compares to year-ago revenues of $497.86 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Red Rock Resorts shares have lost about 10.4% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Red Rock Resorts?While Red Rock Resorts has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Red Rock Resorts was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $516.85 million in revenues for the coming quarter and $2.12 on $2.05 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Wynn Resorts (WYNN - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This casino operator is expected to post quarterly earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of +10.3%. The consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level.
Wynn Resorts' revenues are expected to be $1.8 billion, up 5.9% from the year-ago quarter.
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.
Red Rock Resorts dominates the Las Vegas locals' gaming market with eighteen outlets and seven major resorts. RRR reported Q1 2026 revenue of $507M (+2% yoy) and adjusted EBITDA of $213M (-1% yoy), with margins pressured by property renovations. Renovations at Durango and Green Valley Ranch are causing short-term EBITDA and margin declines but are expected to drive future growth.
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].
Investors interested in stocks from the Gaming sector have probably already heard of Churchill Downs (CHDN - 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.
Churchill Downs and Red Rock Resorts are sporting Zacks Ranks of #2 (Buy) and #5 (Strong Sell), respectively, right now. Investors should feel comfortable knowing that CHDN 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 are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
CHDN currently has a forward P/E ratio of 11.72, while RRR has a forward P/E of 30.62. We also note that CHDN has a PEG ratio of 0.57. 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 3.56.
Another notable valuation metric for CHDN is its P/B ratio of 5.45. 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 21.87.
These are just a few of the metrics contributing to CHDN's Value grade of A and RRR's Value grade of D.
CHDN stands above RRR thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CHDN is the superior value option right now.
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.
On May 28, 2026, Caesars Entertainment (NASDAQ: CZR | CZR Price Prediction) announced a definitive agreement to be acquired by Fertitta Entertainment. The all-cash transaction is valued at approximately $17.6 billion, including the assumption of approximately $11.9 billion of outstanding debt. Shareholders get $31.00 per share, a 49% premium to the unaffected price on February 25, 2026. Financing is locked, the board has signed off, and a go-shop period runs through July 11, 2026.
Golden Entertainment (NASDAQ: GDEN) CEO Blake Sartini and affiliates announced a take-private deal on November 6, 2025, that closed on April 30, 2026. VICI Properties acquired seven casino real estate assets for $1.16 billion in a sale-leaseback. Golden set the precedent: the founder rolls over their shares, splits the business operations from the real estate, and uses a REIT sale-leaseback to fund the buyout. The same blueprint now lights up the other names on this list.
The rest of the regional casino sector is now on the clock. Below are three publicly traded casino names most exposed to the next take-private headline, ranked from least to most likely.
3. Bally’s Bally’s (NYSE: BALY) is the cheapest name on the board with the messiest cap table. Market cap is roughly $684.8 million, against $4.41 billion in long-term debt and a price-to-book of 0.85. The asset base is sprawling:
The $4.0 billion Bally’s Bronx integrated resort targeting a 2030 opening Bally’s Chicago under construction A 38% equity stake in Star Entertainment in Australia A 58% controlling stake in Intralot. Standard General has chased it before. Reports of acquisition talks with Evoke are circulating. The strategic options are numerous, but the path forward remains unclear. Shares traded at $13.99 on May 28, 2026, down 15.3% year to date.
2. PENN Entertainment PENN Entertainment (NASDAQ: PENN) has the activist track record and the digital turnaround. Q1 2026 delivered adjusted EPS of $0.11 versus a consensus estimate of $0.0206. Consolidated adjusted EBITDA totaled $265.8 million, up 53.4% year over year. CEO Jay Snowden has guided to 20% segment adjusted EBITDAR growth in 2026 and initially an Interactive break-even. Boyd Gaming already tried once. HG Vora forced a board settlement. Forward P/E is 12x.
Here’s the catch: PENN is an operating company (OpCo) sitting on $247.7 million in quarterly triple-net rent, with lease-adjusted leverage of 6.4x to 6.8x. There is no separable real estate to monetize, which caps the LBO math. The stock has already moved: $19.44 on May 28, up 31.8% year to date. A strategic bidder makes more sense than a sponsor.
1. Red Rock Resorts Red Rock Resorts (NASDAQ: RRR) is the cleanest fit for the Golden Entertainment template, scaled up. Frank Fertitta III and Lorenzo Fertitta (cousins of Tilman Fertitta) already control the company through Class B supervoting shares. That means a friendly family-led take-private is the only realistic path, and that path has just been validated next door.
The asset base is premium and concentrated. Las Vegas operations generated $492.64 million of Q4 2024 revenue, 99.4% of total. That was anchored by Red Rock, Green Valley Ranch, and the $780 million Durango Resort that opened December 5, 2023. Adjusted EBITDA runs at a consistent $200 million-plus quarterly clip. EV/EBITDA is 8.5x, with a $67.25 analyst target that is well above the $57.78 close on May 28. Crucially, Red Rock owns most of its real estate outright, giving any take-private the same VICI-style sale-leaseback option Sartini just executed at Golden. Insider sales in February and March at $58.81 to $66.24 are a near-term flag, but those are executive-level dispositions. The Fertitta family themselves did not signal a retreat from the equity.
The $17.6 billion Caesars deal just redrew the industry playbook. See which regional giants are now in the crosshairs for a massive take-private payout. The Catalyst to Watch Red Rock has the structure, the EBITDA, the unencumbered real estate, and a sitting controlling family who just watched their cousins monetize a sister business at a 49% premium. The first tell will be a 13D amendment or an SEC filing disclosing a sponsor partner. The second will be a quiet pause in the quarterly dividend or capex commentary on the next call. The Caesars deal redrew the regional casino playbook in a single afternoon, and Red Rock is the name with the shortest distance left to travel.
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?
On May 31, 2026, Ron Baron (Trades, Portfolio) executed a significant stock transaction involving Red Rock Resorts Inc RRR . This transaction saw the addition of 2,924,341 shares at a traded price of $58.40 per share. This strategic move highlights Baron's continued confidence in the gaming and entertainment company, further solidifying its position within the firm's portfolio. The acquisition reflects a calculated decision to enhance the firm's stake in a company that is modestly undervalued, according to its GF Value.
Ron Baron (Trades, Portfolio)'s Investment Philosophy Ron Baron (Trades, Portfolio) is the founder of Baron Capital Management and serves as Co-Portfolio Manager of Baron Asset Fund. Known for investing in small and mid-size growth companies, Baron employs a long-term, value-oriented investment strategy. The firm focuses on companies with open-ended growth opportunities and defensible niches, applying a bottom-up research approach. Baron typically holds investments for over five years, ignoring short-term market fluctuations when the fundamental reasons for purchasing a company remain unchanged. This disciplined approach has been a cornerstone of Baron's investment philosophy.
Red Rock Resorts Inc: A Gaming and Entertainment Leader Red Rock Resorts Inc is a prominent gaming and entertainment company based in the USA, with operations primarily in the Las Vegas valley. The company boasts a market capitalization of $3.36 billion and is considered modestly undervalued with a GF Value of $67.96. Red Rock Resorts operates strategically-located casino and entertainment properties, deriving the majority of its revenue from casinos, followed by food and beverages, rooms, and other services. The company's focus on providing a wide variety of entertainment and dining options has positioned it as a key player in the Travel & Leisure industry.
Impact of the Transaction on Baron's Portfolio The recent acquisition increased Ron Baron (Trades, Portfolio)'s holdings in Red Rock Resorts to 16,337,187 shares, representing 27.94% of the firm's portfolio. This addition had a 0.51% impact on the overall portfolio, with Red Rock Resorts now constituting 2.87% of the total holdings. The transaction underscores Baron's strategic focus on companies with strong growth potential and attractive valuations, aligning with the firm's long-term investment philosophy.
Financial Metrics and Valuation of Red Rock Resorts Red Rock Resorts has a price-to-earnings ratio of 18.45 and a GF Score of 82/100, indicating good outperformance potential. The stock is currently trading at $57.39, slightly below the GF Value, suggesting a modest undervaluation. The company's financial strength is reflected in its Balance Sheet Rank of 3/10 and a Profitability Rank of 8/10, highlighting its robust financial position and profitability.
Performance and Growth Indicators Red Rock Resorts has demonstrated a revenue growth of 7.20% over the past three years, with an operating margin growth of 14.70%. Despite a year-to-date price decline of 8.86%, the stock has gained 210.22% since its IPO in 2016. The company's strong Growth Rank of 7/10 and Momentum Rank of 7/10 further underscore its potential for continued growth and market performance.
Market Position and Other Notable Investors Besides Ron Baron (Trades, Portfolio), notable investor Joel Greenblatt (Trades, Portfolio) also holds shares in Red Rock Resorts. The stock is part of the Travel & Leisure industry, with a strong profitability rank of 8/10. This indicates a solid market position and the potential for sustained profitability. The company's strategic focus on the Las Vegas valley and its diverse revenue streams make it an attractive investment for value-oriented investors.
Conclusion: Strategic Implications of the Transaction The acquisition of additional shares in Red Rock Resorts by Ron Baron (Trades, Portfolio) reflects a strategic decision to capitalize on the company's growth potential and modest undervaluation. This move aligns with Baron's long-term investment philosophy and enhances the firm's portfolio by increasing its exposure to a leading player in the gaming and entertainment industry. The transaction underscores the firm's confidence in Red Rock Resorts' ability to deliver strong financial performance and growth in the coming years.
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].
