21,500 Shares in Red Rock Resorts, Inc. $RRR Bought by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System has initiated a new position in Red Rock Resorts, Inc. (NASDAQ:RRR) by purchasing 21,500 shares valued at approximately $1.15 million in the first quarter. This new stake contributes to the significant institutional ownership of 47.84% in the company, with other notable institutional investors also increasing their holdings. Despite a "Moderate Buy" consensus from analysts and a $67.94 average target price, the company recently missed EPS expectations in its last quarterly report, although it slightly exceeded revenue forecasts.
Red Rock Resorts (RRR): Does Russell Index Removal Quietly Reshape Its Long‑Term Investor Base?
Red Rock Resorts (RRR) was removed from several Russell indices on June 27, 2026, which may influence its investor base and liquidity rather than its day-to-day operations. The company's investment narrative focuses on its Las Vegas locals market presence, supported by share repurchases and ongoing development projects. Despite the index changes, Red Rock Resorts' core catalysts remain project ramp-ups and capital returns, with a forecast of $2.3 billion revenue and $253.9 million earnings by 2029.
Red Rock Resorts, Inc.(NasdaqGS:RRR) dropped from Russell 2000 Value-Defensive Index
Red Rock Resorts, Inc. (NasdaqGS:RRR) has been removed from the Russell 2000 Value-Defensive Index. The company, which operates various casino and gaming properties in Las Vegas, Nevada, has also been dropped from several other Russell indices recently. This announcement comes amid other news, including executive changes and analyst price target adjustments for Red Rock Resorts.
Red Rock Resorts, Inc.(NasdaqGS: RRR) dropped from Russell 3000E Value Benchmark
Red Rock Resorts, Inc. (NasdaqGS: RRR) has been removed from the Russell 3000E Value Benchmark. This news follows several other announcements of the company being dropped from various Russell indices, including the Russell 2000 Value Benchmark and Russell 2500 Value Benchmark, all occurring around late June 2026. The company operates as a holding company with indirect equity in Station Casinos LLC, a gaming, hospitality, and entertainment provider in Las Vegas.
Price to sales forward of Red Rock Resorts, Inc. Class A – TRADEGATE:RRK
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Price to earnings forward of Red Rock Resorts, Inc. Class A – TRADEGATE:RRK
This article provides the "Price to earnings forward" value for Red Rock Resorts, Inc. Class A (RRK) traded on the Tradegate Exchange. It indicates that the market was closed with no trades executed during the reported period. The content is primarily a data point display from TradingView, including market data and reference data provided by ICE Data Services and FactSet, respectively.
Enterprise value to EBIT forward of Red Rock Resorts, Inc. Class A – TRADEGATE:RRK
This article provides financial data for Red Rock Resorts, Inc. Class A (RRK) on the Tradegate Exchange, specifically focusing on its enterprise value to EBIT forward. It is presented on the TradingView platform, which offers various market data services and tools for investors.
Lithium Americas Stock And Nevada Shares Tied To The State’s AI Shift
Nevada's economy is rapidly transitioning due to AI infrastructure, lithium supply chains, and higher-paying service jobs, creating new dynamics for local companies. This article examines Boyd Gaming (BYD) and Red Rock Resorts (RRR) which face challenges and opportunities in this shift, and Lithium Americas (LAC) which is positioned to benefit from the state's focus on lithium and AI-related investments despite early-stage risks. The analysis delves into how these companies are impacted by Nevada's evolving economic landscape.
Cybersecurity Lawsuit and Disclosure Questions Could Be A Game Changer For Red Rock Resorts (RRR)
A class action lawsuit has been filed against Red Rock Resorts (RRR) subsidiary, Station Casinos, following a March 2026 cybersecurity data breach and delayed notification. The company's decision not to file an SEC Form 8-K regarding the incident raises questions about its disclosure practices and governance oversight, potentially impacting its investment narrative and risk profile. Investors are urged to consider these emerging cyber and governance concerns alongside the company's growth pipeline.
Red Rock Resorts, Inc. $RRR Shares Sold by BI Asset Management Fondsmaeglerselskab A S
BI Asset Management Fondsmaeglerselskab A S reduced its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 27.4% in the first quarter, selling 34,443 shares. Despite missing EPS estimates, Red Rock Resorts' revenue slightly exceeded expectations, and the company declared a quarterly dividend of $0.26 per share. Analyst sentiment remains largely positive with a "Moderate Buy" consensus and an average price target of $67.53, though some recent target trims occurred.
[Form 4] Red Rock Resorts, Inc. Insider Trading Activity
Red Rock Resorts' EVP & CFO Stephen Lawrence Cootey received new equity awards, including 38,511 shares of Class A common stock as a restricted stock award and an employee stock option for 78,150 shares. Both awards vest 25% annually over four years, starting June 11, 2026, contingent on his continued service. Following these transactions, Cootey directly holds 293,556 shares of Class A common stock.
Red Rock Resorts (RRR) president receives restricted shares and stock option grant
Red Rock Resorts (RRR) President Scott Kreeger was granted 45,130 restricted shares and 91,583 employee stock options with an exercise price of $62.32. These awards, part of the company's 2016 Equity Incentive Plan, vest 25% annually over four years, contingent on his continued service. Following these grants, Kreeger directly holds 203,881 shares and 91,583 stock options in Red Rock Resorts.
Red Rock Resorts (RRR) VP awarded shares and options under equity plan
Red Rock Resorts VP Lorenzo J. Fertitta was awarded 148,427 restricted shares of Class A common stock and options for 301,205 shares at an exercise price of $62.32. Both awards vest 25% annually over four years, starting June 11, 2026, contingent on his continued service. Fertitta's total direct Class A holdings now amount to 241,648 shares, with substantial additional indirect holdings through various entities and trusts.
Red Rock Resorts (RRR) COO Kord Nichols granted stock and options
Kord Nichols, EVP & Chief Operating Officer of Red Rock Resorts (RRR), was granted 32,092 shares of Class A common stock as a restricted stock award and employee stock options for 65,125 shares with an exercise price of $62.32. Both awards vest 25% annually over four years starting June 11, 2026, contingent on his continued service. Following these grants, Nichols directly holds 113,760 shares of Class A common stock.
Red Rock Resorts (RRR) CEO Fertitta granted 148K shares and 301K options
Red Rock Resorts CEO Frank J. Fertitta III was granted 148,427 restricted shares of Class A common stock and 301,205 stock options. These awards were issued under the company's Amended and Restated 2016 Equity Incentive Plan, with both vesting 25% annually over four years from June 11, 2026, contingent on his continued service. Following these grants, Fertitta directly holds 241,648 Class A common stock shares and 301,205 employee stock options, in addition to significant indirect holdings through various entities.
Is Red Rock Resorts (RRR) a Compelling Bet?
Baron Capital's "Baron Real Estate Fund" sees Red Rock Resorts (RRR) as a compelling investment due to its strong position in the Las Vegas Locals market and potential for portfolio growth. Despite the fund's overall Q1 2026 decline, it maintains a positive outlook on real estate. However, Red Rock Resorts is not among the most popular stocks with hedge funds, and the article suggests that certain AI stocks might offer better upside potential.
Dockside LLC Invests $1.30 Million in Red Rock Resorts, Inc. $RRR
Dockside LLC recently invested $1.30 million in Red Rock Resorts, Inc. (NASDAQ:RRR) by acquiring 20,901 shares in the fourth quarter. This move highlights significant institutional interest, with hedge funds and asset managers collectively holding nearly 48% of the stock. Despite Red Rock Resorts missing earnings expectations in its latest quarter, analysts maintain a "Moderate Buy" rating with an average target price of $67.53, and the company also announced a quarterly dividend of $0.26 per share.
Red Rock Resorts (NASDAQ: RRR) sets five-year deal for new general counsel
Red Rock Resorts (NASDAQ: RRR) announced a leadership transition for its legal department. Current Chief Legal Officer, Jeffrey T. Welch, will retire from his officer role on September 8, 2026, but will remain with the company in a non-officer capacity until December 31, 2026, with his current salary and bonus. The company has appointed J. Colby Williams as the new Executive Vice President and General Counsel on a fixed five-year term, with an annual base salary of $1,200,000, a target bonus, and an initial equity award.
Nevada's Fifth Casino Cyberattack in Three Years Lands Station Casinos in Court
Station Casinos, along with its parent company Red Rock Resorts Inc., is facing a class-action lawsuit following a March 2026 cyberattack that compromised customer and employee personal data. The lawsuit alleges that the casino operator failed to implement adequate cybersecurity measures and delayed notifying affected individuals for over 11 weeks. This incident marks the fifth major cyberattack on a Nevada casino since 2023, drawing comparisons to previous breaches at MGM Resorts and Caesars Entertainment, and plaintiffs are seeking various damages and credit monitoring for those affected.
Red Rock Resorts (RRR) investors approve board slate, pay plan and EY as auditor
Red Rock Resorts, Inc. held its annual stockholder meeting on June 4, 2026, where shareholders approved the election of five directors, including Frank J. Fertitta III and Lorenzo J. Fertitta, with a majority of votes cast. They also approved, on an advisory basis, the executive compensation "say-on-pay" proposal. Additionally, Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
Legal & General Group Plc Purchases 71,274 Shares of Red Rock Resorts, Inc. $RRR
Legal & General Group Plc significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 147.9% in the fourth quarter, acquiring 71,274 additional shares to reach a total of 119,453 shares valued at approximately $7.4 million. This move is part of broader institutional interest, with 47.84% of Red Rock Resorts' stock now held by institutional investors. Despite missing Q1 earnings estimates with $0.73 per share, the company's revenue slightly exceeded expectations at $507.32 million and it announced a quarterly dividend of $0.26 per share.
BI Asset Management Fondsmaeglerselskab A S Increases Position in Red Rock Resorts, Inc. $RRR
BI Asset Management Fondsmaeglerselskab A S significantly increased its stake in Red Rock Resorts (NASDAQ:RRR) by 54.8% in the fourth quarter, now holding 125,800 shares valued at approximately $7.8 million. Other institutional investors also adjusted their positions in the company, which reported Q1 earnings below expectations but slightly beat revenue forecasts. Red Rock Resorts stock was up 1.2% at $57.39 and has an average target price of $67.53 from analysts.
RRR - Red Rock Resorts Inc Stock Price and Quote
This article provides a comprehensive overview of Red Rock Resorts Inc. (RRR) stock, including its latest closing price, key financial metrics, performance indicators, and recent news. It also details analyst ratings and insider trading activities, offering a snapshot for potential investors.
Lawsuit seeks class action, damages brought by Station Casinos cyberattack
A class-action lawsuit has been filed against Station Casinos by Susan Geiner following a March cybersecurity attack that compromised customer data. The lawsuit, filed in U.S. District Court in Nevada, names Red Rock Resorts Inc. and its subsidiaries as defendants. Station Casinos has acknowledged the breach and offered credit monitoring and identity theft protection to affected customers.
Baron Group holds 16.34M shares of Red Rock Resorts (RRR), 27.94% stake
Baron Capital Group and its related entities have reported a beneficial ownership of 16,337,187 shares of Red Rock Resorts (RRR) Class A common stock, representing a 27.94% stake. This information comes from an amended passive investment disclosure (SCHEDULE 13G/A). The filing details shared voting power of 16,219,161 shares and shared dispositive power of 16,337,187 shares, highlighting the coordinated influence of the Baron entities, which include BAMCO, BCM, and funds like Baron Small Cap Fund and Baron Partners Fund.
Station Casinos Hit With Class-Action Suit Over Cyberattack
Station Casinos is facing a class-action lawsuit following a March 2026 cyberattack that compromised customer data. The lawsuit, filed by Susan Geiner, alleges that the company failed to implement adequate security measures to protect sensitive personal information. This incident marks the fifth major cyberattack on a Nevada casino operator since 2023, highlighting ongoing security concerns within the industry.
Station Casinos faces class action lawsuit over data breach
Station Casinos is facing a class-action lawsuit filed by a Nevada woman, Susan Geiner, following a data breach in March. Geiner, a former employee and current customer, alleges that the casino operator failed to protect personal information, which hackers then compromised. The lawsuit seeks monetary damages, credit monitoring, identity theft insurance for those affected, and improved data security measures from the company.
Lawsuit seeks class action, damages brought by Station Casinos cyberattack
A class-action lawsuit has been filed against Station Casinos following a March cybersecurity attack. The lawsuit, brought by Clark County woman Susan Geiner, accuses Red Rock Resorts Inc. and its subsidiaries of failing to adequately protect sensitive customer data, including Social Security numbers and financial information. It seeks monetary relief, including damages, and highlights that Station Casinos is the fifth major Nevada casino company to be targeted by cyberattacks in recent years.
Red Rock Resorts (NasdaqGS:RRR) Stock Forecast & Analyst Predictions
Red Rock Resorts is forecast to grow earnings by 11.4% and revenue by 4.3% per annum, but EPS is expected to decline by 9.7% annually. Recent analyst revisions show a deteriorating outlook for EPS in fiscal year 2026 and a decrease in the consensus price target, partly due to a class-action lawsuit following a cybersecurity data breach. Despite some challenges, the company has declared upcoming dividends, and analysts have noted the potential for upside driven by local market resilience and expansion projects, though some caution remains regarding valuation and risk.
Why Is Red Rock Resorts (RRR) Up 7.1% Since Last Earnings Report?
Red Rock Resorts (RRR) shares have risen 7.1% since its last earnings report, outperforming the S&P 500. The company's Q1 2026 earnings beat estimates, driven by casino revenues, though overall revenues missed expectations. Despite higher costs due to renovations and a downward trend in future estimates leading to a Zacks Rank #5 (Strong Sell), the company continues to generate strong operating free cash flow and focus on expansion projects like Durango and North Fork.
Red Rock Resorts (RRR) legal chief exercises options, uses shares to cover taxes
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts (RRR), exercised employee stock options for 126,731 Class A common shares at $24.98 each. To cover tax obligations, 84,007 of these shares were disposed of at $56.25 per share in a tax-withholding transaction, not an open-market sale. This routine compensation event involved already vested options, with no remaining derivative positions from this grant.
Diamond Hill Capital Management Inc. Has $124.10 Million Stock Holdings in Red Rock Resorts, Inc. $RRR
Diamond Hill Capital Management Inc. reduced its stake in Red Rock Resorts (NASDAQ:RRR) by 18.2% in the fourth quarter, now holding 2,003,236 shares valued at $124.1 million. Despite some recent price target cuts, analysts maintain a "Moderate Buy" consensus rating with an average target of $67.67. The company recently reported Q1 EPS of $0.73, missing estimates, but revenue slightly exceeded expectations at $507.32 million, and declared a quarterly dividend of $0.26 per share.
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.
Red Rock Resorts, Inc. Experiences Revision in Its Stock Evaluation Amid Competitive Metrics
Red Rock Resorts, Inc. has recently adjusted its stock valuation to $53.74, showing a 22.16% return over the past year, though this lags the S&P 500. The company exhibits strong operational efficiency with a P/E ratio of 16, a robust dividend yield of 45.01%, and an 18.66% return on capital employed. These metrics position Red Rock favorably compared to its industry peers like Norwegian Cruise Line Holdings and Wyndham Hotels & Resorts.
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.
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.
