RRR News | RED ROCK RESORTS INC-CLASS A (NASDAQ:RRR)
This article provides recent news and analysis for Red Rock Resorts Inc-Class A (NASDAQ:RRR). It highlights several earnings reports, noting instances where the company beat EPS estimates but sometimes missed revenue targets, leading to stock price fluctuations. The news also includes a comparative analysis between RRR and CHDN regarding value investment.
Does Trump’s New Stake Clarify or Complicate the Investment Case for Red Rock Resorts (RRR)?
Former President Donald Trump's new investment in Red Rock Resorts (RRR) has brought renewed attention to the casino operator. While the stake highlights confidence in the Las Vegas locals market, investors are encouraged to consider the company's financial risks, including high debt and ongoing capital expenditures, alongside its growth opportunities and projected fair value. The article encourages investors to conduct their own analysis, despite analyst forecasts and community valuations.
Baron Group reports 13.41M shares (22.68%) in Red Rock Resorts (RRR)
Baron Capital Group and its affiliated entities have reported a 22.68% beneficial stake in Red Rock Resorts (RRR), totaling 13,412,846 shares of Class A Common Stock. This disclosure, made via an amended Schedule 13G/A, indicates shared voting power of 13,294,820 shares and shared dispositive power of 13,412,846 shares. The filing details the various Baron entities involved and their relationships, without stating any sale intentions.
UBS Group AG Buys 320,175 Shares of Red Rock Resorts, Inc. $RRR
UBS Group AG significantly increased its stake in Red Rock Resorts, acquiring an additional 320,175 shares to bring its total holdings to 476,311 shares valued at approximately $29.5 million. The casino operator reported mixed fourth-quarter results, with revenue slightly exceeding estimates but EPS missing them, and declared a quarterly dividend of $0.26 per share. Institutional ownership of Red Rock Resorts stands at 47.84%, with several other firms also adjusting their positions.
Red Rock Resorts, Inc. $RRR Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. reduced its stake in Red Rock Resorts (NASDAQ:RRR) by 1.6% in the fourth quarter of 2025, selling 88,106 shares and now holding 5,476,315 shares valued at approximately $339.3 million. Despite institutional investors owning 47.84% of the stock, the company reported an EPS miss of $0.73 against an expected $0.90, though revenue surpassed estimates at $507.3 million. Red Rock Resorts also declared a quarterly dividend of $0.26 per share, and analysts maintain a "Moderate Buy" consensus with a target price of $67.67.
Red Rock Resorts, Inc. 1Q 2026: Revenue $507.32M, EPS $0.73— 10-Q Summary
Red Rock Resorts, Inc. reported its first-quarter 2026 results, showing net revenues of $507.32 million, a modest increase from the previous year. However, net income and diluted earnings per share experienced slight declines, coming in at $42.89 million and $0.73, respectively. The growth in revenue was primarily driven by casino operations, food & beverage, and other channels.
Red Rock Resorts (NASDAQ: RRR) Q1 2026 results and North Fork update
Red Rock Resorts reported Q1 2026 net revenues of $507.3 million, a 1.9% increase year-over-year, despite a 9.3% decline in room revenue due to renovations. The company's net income attributable to Red Rock decreased slightly to $42.9 million, with diluted EPS of $0.73. Additionally, Red Rock Resorts is progressing with its North Fork Project in California, a gaming and entertainment facility expected to open in late 2026, and recognized $4.7 million in related management and development fees.
Analysts Offer Insights on Consumer Cyclical Companies: Red Rock Resorts (RRR), O’Reilly Auto (ORLY) and TruGolf Holdings (TRUG)
This article summarizes recent analyst ratings for three consumer cyclical companies: Red Rock Resorts (RRR), O’Reilly Auto (ORLY), and TruGolf Holdings (TRUG). Barclays maintained a Buy rating for Red Rock Resorts with a $65 price target, while analysts generally give it a Strong Buy consensus. O’Reilly Auto received a Hold rating from Barclays with a $98 price target, though the overall analyst consensus is Strong Buy. TruGolf Holdings was reiterated with a Buy rating by Maxim Group, with a Moderate Buy consensus from the Street.
Red Rock Resorts, Inc. Experiences Valuation Adjustment Amidst Competitive Market Dynamics
Red Rock Resorts, Inc. has undergone a valuation adjustment, with a current P/E ratio of 16, an enterprise value to EBITDA ratio of 11.58, and a significant dividend yield of 45.01%. The company has shown varied performance against the S&P 500, outperforming it over the past year but lagging year-to-date. Red Rock's valuation metrics position it competitively within the Hotels & Resorts industry compared to peers like Norwegian Cruise Line Holdings and Hyatt Hotels.
Analysts Are Bullish on These Consumer Cyclical Stocks: Red Rock Resorts (RRR), Amazon (AMZN)
Three analysts have issued bullish sentiments on several consumer cyclical stocks. Barry Jonas from Truist Financial maintained a Buy rating on Red Rock Resorts (RRR) with a $68 price target. Brian Nowak from Morgan Stanley also maintained a Buy rating on Amazon (AMZN), setting a $330 price target, while UBS analyst Patrick Hummel kept a Buy rating on Stellantis (STLA) with a target of EUR9.70.
Red Rock Resorts Earnings Call Highlights Growth and Strain
Red Rock Resorts' Q1 earnings call revealed record gaming results and strong free cash flow, leading to significant capital returns through buybacks and dividends. However, the company experienced softer EBITDA and margin compression due to ongoing renovations and rising costs, which management views as temporary given a robust development pipeline including the Durango and North Fork expansions. The report highlights sustained growth in Las Vegas operations and non-gaming segments, balanced against short-term challenges and manageable leverage.
Analysts Are Bullish on These Consumer Cyclical Stocks: Red Rock Resorts (RRR), Amazon (AMZN)
The article highlights bullish analyst ratings for several consumer cyclical stocks, including Red Rock Resorts (RRR) and Amazon (AMZN), and Stellantis (STLA). Analysts from Truist Financial, Morgan Stanley, and UBS maintained Buy ratings for these companies, providing specific price targets and highlighting potential upsides based on current market levels.
Red Rock Resorts (RRR) Margin Gains Reinforce Bullish Locals Casino Narrative After Q1 2026
Red Rock Resorts (RRR) reported Q1 2026 revenue of US$507.3 million and EPS of US$0.74, with trailing net profit margin increasing to 9.2% from 8% a year prior. This margin improvement, alongside 19.4% earnings growth against a forecast of 4.1% revenue growth, supports a bullish narrative focused on efficiency and upgraded properties, rather than rapid sales expansion. However, the company faces risks related to heavy capital spending, reliance on the Las Vegas locals market, and an unstable dividend record, leading to a valuation discount despite strong earnings growth.
Red Rock Resorts, Inc. (NASDAQ:RRR) Q1 2026 Earnings Call Transcript
Red Rock Resorts (NASDAQ:RRR) announced its Q1 2026 earnings, reporting net revenue of $507.3 million and adjusted EBITDA of $212.6 million, with an EPS miss at $0.73 against expectations of $0.898. The company highlighted strong performance in Las Vegas operations and continued progress on expansion projects like Durango, Sunset Station, and Green Valley Ranch, while also discussing anticipated construction-related disruptions and a stable promotional environment.
Earnings call transcript: Red Rock Resorts Q1 2026 misses EPS expectations By Investing.com
Red Rock Resorts reported mixed Q1 2026 results, with EPS of $0.73 missing analyst expectations of $0.91, and revenue slightly below forecasts at $507.3 million. Despite the earnings miss, the stock rose 0.95% in aftermarket trading, driven by record first-quarter net revenue and near-record adjusted EBITDA in Las Vegas operations. The company highlighted significant capital returns to shareholders and ongoing investments in expansion projects like Durango, Sunset Station, and Green Valley Ranch, while managing operational disruptions.
Red Rock Resorts Announces First Quarter 2026 Results
Red Rock Resorts has announced its financial results for the first quarter of 2026. The company reported its earnings, providing investors and stakeholders with an update on its performance and operational highlights for the period.
Las Vegas casino operator Red Rock posts $507M quarter, keeps dividend
Red Rock Resorts (NASDAQ: RRR) announced a successful first quarter for 2026, reporting net revenues of $507.3 million, a 1.9% increase year-over-year, and maintaining a quarterly cash dividend of $0.26 per share. Although net income saw a slight decline to $82.7 million, the company's Adjusted EBITDA reached $212.6 million, and it continues its streak of consistent profitability and capital returns to shareholders.
Vanguard Portfolio Management increases passive holding in Red Rock Resorts (RRR)
Vanguard Portfolio Management has increased its passive holding in Red Rock Resorts (RRR) to 6.04% of common stock, as disclosed in a Schedule 13G SEC filing. As of March 31, 2026, Vanguard beneficially owns 3,575,188 shares, with sole voting power over 31,845 shares and sole dispositive power over all 3,575,188 shares. This filing indicates a passive investment intent, with holdings distributed across various Vanguard funds and managed accounts.
Higher Q1 revenue and $0.26 dividend at Red Rock Resorts (NASDAQ: RRR)
Red Rock Resorts (NASDAQ: RRR) reported Q1 2026 net revenues of $507.3 million, a slight increase from the previous year, with net income attributable to the company at $42.9 million. The company's board of directors declared a cash dividend of $0.26 per Class A common share for the second quarter of 2026, payable on June 30, 2026. This announcement highlights steady operational performance and continued shareholder returns despite slightly lower net income and Adjusted EBITDA compared to the prior year.
Red Rock Resorts Announces First Quarter 2026 Results
Red Rock Resorts, Inc. reported its financial results for the first quarter ended March 31, 2026. The company saw a slight increase in net revenues to $507.3 million, up 1.9% from the previous year, while net income decreased by 3.8% to $82.7 million. Adjusted EBITDA for the quarter was $212.6 million, a 1.2% decrease. The Board of Directors also declared a quarterly cash dividend of $0.26 per Class A common share.
Red Rock Resorts, Inc. (NASDAQ:RRR) Receives Average Rating of "Moderate Buy" from Analysts
Red Rock Resorts, Inc. (NASDAQ:RRR) has received a consensus "Moderate Buy" rating from analysts, with eleven firms issuing a buy rating and four a hold rating. The average 1-year price target is $70.64. The company recently reported strong Q4 earnings, beating estimates with $0.75 EPS and $511.8M in revenue, and declared a quarterly dividend of $0.26.
Red Rock Resorts (NasdaqGS:RRR) Stock Price
Red Rock Resorts (NasdaqGS:RRR) is currently undervalued by 26.4% according to analyst consensus, with a fair value of US$71.88 compared to its current price of US$52.93. The company is undergoing renovations and expansions which are expected to drive stronger upside momentum, despite recent downward revisions in its 2026 EPS and revenue forecasts. Red Rock Resorts recently declared a quarterly dividend of US$0.26, yielding 3.8% which is well-covered by earnings and cash flows.
Red Rock Resorts (NASDAQ: RRR) 2026 proxy outlines control, pay and auditor
Red Rock Resorts (NASDAQ: RRR) has released its 2026 proxy statement detailing plans for its virtual annual meeting on June 4, 2026. Key agenda items include the election of five directors, a "say-on-pay" advisory vote for executive compensation, and the ratification of Ernst & Young LLP as the auditor. The proxy statement highlights the Fertitta family's significant control, holding approximately 90.3% of combined voting power, and provides extensive information on executive and non-employee director compensation, with CEO Frank J. Fertitta III receiving $13.35 million in total compensation for 2025.
Red Rock Resorts (RRR) Projected to Post Quarterly Earnings on Wednesday
Red Rock Resorts (RRR) is projected to announce its Q1 2026 earnings on Wednesday, April 29th, with analysts expecting $0.56 EPS and revenue around $507.77 million. The company's stock, currently trading near $55.84 with a $5.86 billion market cap, recently paid a $0.26 quarterly dividend. Analyst sentiment is largely positive, suggesting a "Moderate Buy" with a consensus price target of $70.64.
State of Alaska Department of Revenue Raises Holdings in Red Rock Resorts, Inc. $RRR
The State of Alaska Department of Revenue significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 1,111.8% in the fourth quarter, now holding 38,815 shares valued at approximately $2.40 million. This move comes as Red Rock Resorts beat quarterly earnings estimates and maintains a "Moderate Buy" consensus rating from Wall Street analysts with an average price target of $71.36. Other institutional investors also adjusted their holdings, with the company paying a quarterly dividend of $0.26 per share.
Tudor Investment Corp ET AL Takes Position in Red Rock Resorts, Inc. $RRR
Tudor Investment Corp ET AL has acquired a new position in Red Rock Resorts, Inc. (NASDAQ:RRR), purchasing 247,521 shares valued at approximately $15.11 million, which represents about 0.23% ownership. Red Rock Resorts recently exceeded quarterly earnings expectations with $0.75 EPS and $511.78 million in revenue, also declaring a quarterly dividend of $0.26 per share. The company maintains a "Moderate Buy" analyst consensus with an average price target of $70.86.
Vaughan Nelson Investment Management L.P. Has $37.83 Million Stock Position in Red Rock Resorts, Inc. $RRR
Vaughan Nelson Investment Management L.P. reduced its stake in Red Rock Resorts, Inc. by 4.9% in the fourth quarter, selling 31,390 shares but still holding 610,648 shares valued at approximately $37.83 million. Despite quarterly earnings beating expectations and a declared dividend, Red Rock Resorts shares are down about 3.2% and trade below the consensus analyst price target of $70.86. Institutional investors collectively own 47.84% of the company's stock, with several other large investment firms also adjusting their positions.
Vanguard disaggregates holdings; RRR shows 0 shares (RRR)
The Vanguard Group has filed an amended Schedule 13G/A for Red Rock Resorts (RRR), reporting 0 shares and 0% beneficial ownership. This change is due to an internal realignment effective January 12, 2026, where certain Vanguard subsidiaries now report their holdings separately according to SEC Release No. 34-39538. The filing clarifies that this is an administrative reallocation rather than an economic disposition or sale of RRR shares.
RRR SEC Filings - Red Rock Resorts Inc 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Red Rock Resorts (RRR) SEC filings, including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms. It details recent insider transactions and ownership reports by major investors like Baron Capital and Eminence Capital. The platform uses AI-powered summaries to highlight key information from these regulatory documents.
Red Rock Resorts (RRR) COO has 4,065 shares withheld for taxes
Red Rock Resorts, Inc.'s EVP and Chief Operating Officer, Nichols Kord, had 4,065 shares of Class A common stock withheld by the company to cover taxes. This action, valued at $58.81 per share, was a routine disposition due to the vesting of previously granted restricted shares. Following this transaction, Kord directly holds 81,668 shares of Class A common stock, and the transaction is categorized as a non-market, tax-related event.
Red Rock Resorts (RRR) CFO has shares withheld to cover tax obligations
Red Rock Resorts, Inc. reported that its EVP & Chief Financial Officer, Stephen Lawrence Cootey, had 3,952 shares of Class A common stock withheld at $58.81 per share to cover tax obligations. This action occurred upon the vesting of previously granted restricted shares. Following this tax-withholding event, Cootey now directly holds 255,045 shares of Class A common stock.
Red Rock Resorts (RRR) CLO has 4,690 shares withheld to cover taxes
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts, Inc. (RRR), had 4,690 shares of Class A common stock withheld at $58.81 per share to cover taxes upon the vesting of previously granted restricted shares. This transaction was a routine tax-related disposition, not an open-market sale. Following this withholding, Welch continues to directly hold 308,583 shares, maintaining a significant equity stake in the company.
Hudson Bay Capital Management LP Acquires 71,838 Shares of Red Rock Resorts, Inc. $RRR
Hudson Bay Capital Management LP significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 50.8% in the third quarter, acquiring an additional 71,838 shares, bringing their total to 213,284 shares valued at approximately $13.0 million. This acquisition comes as Red Rock Resorts reported strong earnings, beating EPS and revenue estimates, and analysts maintain a "Moderate Buy" consensus with a target price of $71.15. The company also declared a quarterly dividend of $0.26 per share.
WBI Investments LLC Takes Position in Red Rock Resorts, Inc. $RRR
WBI Investments LLC has acquired a new position in Red Rock Resorts, Inc. (NASDAQ:RRR), purchasing 38,734 shares valued at approximately $2.37 million. This move aligns with other institutional investors, who collectively own nearly 47.8% of the company's stock. Red Rock Resorts recently exceeded quarterly earnings expectations and maintains a "Moderate Buy" consensus rating from analysts with a price target of $71.15.
Eminence Capital LP Has $146.63 Million Position in Red Rock Resorts, Inc. $RRR
Eminence Capital LP significantly reduced its stake in Red Rock Resorts, Inc. by 21.5% in the third quarter but still holds over 2.4 million shares valued at $146.63 million, making it their 23rd largest holding. Red Rock Resorts recently exceeded earnings expectations, reporting an EPS of $0.75 against an estimated $0.41 and $511.78 million in revenue. Analysts generally maintain a "Moderate Buy" rating with a consensus price target of $71.15, and the company announced a quarterly dividend of $0.26 per share.
Capital World Investors Grows Stock Holdings in Red Rock Resorts, Inc. $RRR
Capital World Investors increased its stake in Red Rock Resorts (NASDAQ:RRR) by 47.1% in the third quarter, now owning 312,500 shares valued at $19.08 million. Other institutional investors have also adjusted their positions in the company, which currently has a "Moderate Buy" rating from analysts with a consensus price target of $71.15. Red Rock Resorts recently declared a quarterly dividend of $0.26 per share.
Red Rock Resorts, Inc. (NASDAQ: RRR) Q4 2025 earnings call transcript
This is the Q4 2025 earnings call transcript for Red Rock Resorts, Inc. (NASDAQ: RRR). The article details the company's financial performance and discusses key highlights from the earnings report for the specified quarter.
Red Rock Resorts (RRR) president has 8,920 shares withheld for taxes
Red Rock Resorts, Inc. President Scott Kreeger had 8,920 shares of Class A common stock withheld by the company to cover taxes upon the vesting of previously granted restricted shares. The transaction, reported in a Form 4 SEC filing, occurred on March 3, 2026, with a reference price of $59.95 per share. After this withholding event, Kreeger's direct ownership in the company stands at 158,571 shares of Class A common stock.
TD Asset Management Inc Sells 22,996 Shares of Red Rock Resorts, Inc. $RRR
TD Asset Management Inc significantly reduced its stake in Red Rock Resorts, Inc. (NASDAQ: RRR) by 62.4% in the third quarter, selling 22,996 shares and retaining 13,868 shares valued at approximately $847,000. Despite this sell-off, Red Rock Resorts demonstrated strong financial performance, beating earnings estimates with $0.75 EPS and revenues of $511.8 million. The company announced a quarterly dividend of $0.26 and holds a consensus "Moderate Buy" rating from analysts with an average target price of $71.15.
Citigroup Inc. Sells 25,504 Shares of Red Rock Resorts, Inc. $RRR
Citigroup Inc. significantly reduced its stake in Red Rock Resorts, Inc. by selling 25,504 shares, ending the quarter with 56,398 shares valued at $3.44 million. Despite this, Red Rock Resorts exceeded quarterly earnings expectations with $0.75 EPS and $511.8 million in revenue, declared a quarterly dividend of $0.26, and holds a "Moderate Buy" consensus analyst rating with a $71.15 price target. Several other institutional investors made various adjustments to their holdings in the company.
Red Rock Resorts, Inc. (NASDAQ:RRR) Given Average Recommendation of "Moderate Buy" by Brokerages
Red Rock Resorts, Inc. (NASDAQ:RRR) has received an average recommendation of "Moderate Buy" from fourteen brokerages, with an average 12-month price target of $71.15. The company recently reported strong quarterly earnings, surpassing estimates with $0.75 EPS on $511.8M revenue, and announced a $0.26 quarterly dividend. Several analyst firms have upgraded their ratings and raised price targets for RRR.
JPMorgan Chase & Co. Buys 86,770 Shares of Red Rock Resorts, Inc. $RRR
JPMorgan Chase & Co. increased its stake in Red Rock Resorts, Inc. by 92.9% during the third quarter, acquiring an additional 86,770 shares to own a total of 180,185 shares valued at approximately $11 million. This increase in institutional ownership comes as Red Rock Resorts reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend. Analysts maintain a "Moderate Buy" rating for RRR, with an average target price of $71.15.
CapEx per share of Red Rock Resorts, Inc. Class A – SWB:RRK
This page from TradingView provides financial data specifically focusing on the CapEx per share for Red Rock Resorts, Inc. Class A (SWB:RRK). It falls under the consumer services sector among hotels, resorts, and cruise lines. The content highlights the stock's financial overview, with options to view news, community discussions, technical analysis, forecasts, and more.
59,184 Shares in Red Rock Resorts, Inc. $RRR Bought by Quantbot Technologies LP
Quantbot Technologies LP recently acquired a new stake of 59,184 shares in Red Rock Resorts, Inc. (RRR) during the third quarter, valued at approximately $3.61 million. This makes them a significant institutional investor in the company, which also saw other large investors like Bamco Inc. NY and Vanguard Group Inc. increase their holdings. Red Rock Resorts reported strong quarterly earnings, beating analyst expectations, and announced a quarterly dividend, maintaining a "Moderate Buy" analyst consensus with an average target price of $71.15.
Red Rock Resorts, Inc. Experiences Revision in Stock Evaluation Amid Strong Market Performance
Red Rock Resorts, Inc., a small-cap player in the Hotels & Resorts industry, has revised its stock evaluation amidst fluctuating market conditions, showing a slight increase in price. The company has outperformed the S&P 500 over the past year with a 24.64% return and a remarkable 107.23% return over five years, highlighting its resilience despite mixed technical indicators. The stock is currently priced at $62.52, up from $61.52.
Red Rock Resorts (RRR) outlines Las Vegas growth, Durango and tribal project
Red Rock Resorts, Inc. (RRR) reported its comprehensive casino strategy, emphasizing its Las Vegas-focused operations with seven major casino resorts and 13 smaller casinos, including the recently opened Durango Casino & Resort and several gaming-entitled development sites. The company detailed its plans for growth, disciplined marketing, and cost control, alongside its involvement in Native American development projects like the North Fork Project in California. RRR also provided financial highlights for the year ended December 31, 2025, noting increased net revenues and operating income, and outlined risks related to market competition, economic conditions, and regulatory factors.
Red Rock Resorts Hits Day Low of $59.27 Amid Price Pressure
Red Rock Resorts, Inc. experienced a significant stock price decline on February 23, 2026, reaching an intraday low of $59.27. While the company has shown strong annual performance with a 17.76% increase over the past year, it has underperformed against broader market indices over longer periods and in recent weeks. Key financial metrics include a P/E ratio of 18.00 and a substantial dividend yield of 40.06%.
Red Rock Resorts, Inc. SEC 10-K Report
Red Rock Resorts, Inc. has released its 2025 10-K report, showcasing robust financial performance with net revenues of $2,011.5 million and net income up 22.1% to $355.7 million. Key highlights include the opening of Durango Casino & Resort and strategic expansion plans, alongside challenges such as economic uncertainties and regulatory risks. The company plans to focus on operational discipline and capital management, allocating $375 million to $425 million for capital expenditures in 2026.
Assessing Red Rock Resorts (RRR) Valuation After Its Recent Share Price Pullback
Red Rock Resorts (RRR) is currently trading at US$61.60, with a fair value estimated at $67.47, suggesting it is undervalued. The company, which operates regional Las Vegas casinos, has robust annual revenues and net income, alongside a significant land bank that positions it for future growth in local integrated resort experiences. However, potential risks include reduced local spending or higher-than-expected costs for ongoing casino upgrades.
Red Rock Resorts (RRR) President uses 3,784 shares to cover tax bill
Red Rock Resorts, Inc. President Scott Kreeger had 3,784 shares of Class A common stock withheld by the company to cover taxes on vested restricted stock. This transaction, valued at $66.24 per share, occurred on February 10, 2026, and was not an open market sale. After the tax-withholding disposition, Kreeger directly owned 167,671 shares of Red Rock Resorts Class A common stock.
