STATION CASINOS AWARDS TEAM MEMBERS MORE THAN $70 MILLION IN RED ROCK RESORTS STOCK AS PART OF 50TH ANNIVERSARY CELEBRATION
Station Casinos has awarded over $70 million in Red Rock Resorts Class A stock to its nearly 10,000 full- and part-time Team Members as part of its 50th anniversary celebration. Each eligible employee will receive $1,000 in stock for every year of service, recognizing their contributions to the company's success and its role as a leading employer in Nevada. This significant award highlights the company's commitment to its workforce and its founder's principles of community service and valuing Team Members.
Red Rock Resorts, Inc. (RRR) Stock Price, News, Quote & History
This Yahoo Finance page provides comprehensive financial data for Red Rock Resorts, Inc. (RRR), including its current stock price, historical performance, key financial metrics, and analyst insights. It covers company overview, recent news, earnings trends, valuation measures, and profitability highlights, offering a detailed snapshot for investors.
Red Rock Resorts (RRR) executive lists 78,150 stock options
Jon Colby Williams, EVP & General Counsel of Red Rock Resorts (RRR), has reported initial equity holdings including 38,511 restricted Class A Common Stock shares and stock options for 78,150 shares. These awards, granted under the company's 2016 Equity Incentive Plan, will vest 25% annually over four years starting June 11, 2026, contingent on his continued employment. The stock options have an exercise price of $62.32 per share and expire on June 11, 2036.
STATION CASINOS AWARDS TEAM MEMBERS MORE THAN $70 MILLION IN RED ROCK RESORTS STOCK AS PART OF 50TH ANNIVERSARY CELEBRATION
Station Casinos celebrated its 50th anniversary by awarding over $70 million in Red Rock Resorts Class A stock to its nearly 10,000 full- and part-time Team Members. Each eligible employee received $1,000 in stock for every year of service, recognizing their contributions to the company's success. This significant award highlights the company's commitment to its workforce and its founding principles of taking care of Team Members and serving the local community.
Station Casinos ‘Takes Care of Team Members’ With $70M Stock Award
Station Casinos is distributing over $70 million in Red Rock Resorts stock to nearly 10,000 employees to celebrate its 50th anniversary. Each worker will receive $1,000 in stock for every year of service, with the longest-tenured employee set to receive $49,000. This stock award comes shortly after the Supreme Court rejected Red Rock Resorts' appeal regarding its obligation to bargain with the Culinary Union.
Red Rock Resorts Chief Legal Officer Sells 9,000 Shares
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts, sold 9,000 shares of Class A common stock worth approximately $503,000 on September 1, 2026. Despite this sale, Welch still retains 342,307 shares, valued at $19.2 million, indicating continued alignment with the company. The transaction occurred after a period of declining stock performance and a recent earnings report showing decreases in net revenue and net income for Red Rock Resorts.
Station Casinos awards workers over $70M in Red Rock Resorts stock for 50th anniversary
Station Casinos celebrated its 50th anniversary by awarding over $70 million in Red Rock Resorts stock to nearly 10,000 eligible full- and part-time team members. Each employee will receive $1,000 in stock for every year of service, reflecting the company's long-standing values and recognizing their contributions. This significant award highlights the company's commitment to its employees and their role in its success and connection to the Las Vegas community.
Why Is Red Rock Resorts (RRR) Down 6.8% Since Last Earnings Report?
Shares of Red Rock Resorts (RRR) have declined 6.8% since its last earnings report, underperforming the S&P 500. The company's Q2 2026 earnings and revenues beat estimates but saw year-over-year declines in casino, food and beverage, and room revenues, as well as increased operating costs. Analyst estimates for the stock have since trended downward, leading to a Zacks Rank #3 (Hold) outlook.
Red Rock Resorts (NASDAQ:RRR) Now Covered by Wolfe Research
Wolfe Research has initiated coverage on Red Rock Resorts (NASDAQ:RRR) with an "outperform" rating and a $73 price target, indicating a potential upside of 28.43%. The company recently beat quarterly earnings expectations, reporting $0.67 per share, significantly above the $0.51 consensus, although revenue saw a 3% year-over-year decline. Overall analyst sentiment for RRR is a "Moderate Buy" with an average target price of $71.94, and insider President Scott Kreeger recently sold shares valued at over $1.9 million.
Benchmark reiterates Buy on Red Rock Resorts stock, $78 target By Investing.com
Benchmark has reiterated its Buy rating and a $78 price target for Red Rock Resorts (NASDAQ:RRR) after reviewing July gaming data. Despite a slight year-over-year decline in July gaming win for the locals-market proxy, the company maintains impressive gross profit margins and profitability. Analysts noted that ongoing construction continues to impact results, though less severely than expected, while the company exceeded Q2 earnings and revenue estimates.
Zacks Research Has Bearish Estimate for RRR Q3 Earnings
Zacks Research has lowered its Q3 2026 EPS estimate for Red Rock Resorts (NASDAQ: RRR) to $0.22 from $0.26, while maintaining a "Hold" rating. Despite this bearish estimate for Q3, the firm's full-year earnings consensus remains at $1.54 per share. Red Rock Resorts recently exceeded quarterly expectations with an EPS of $0.67 and revenue of $510.26 million, though revenue saw a slight year-over-year decline.
Red Rock Resorts Inc. Class A (RRR) Key Financial Ratios – Valuation, Profitability & More
This article provides a detailed analysis of Red Rock Resorts Inc. Class A (RRR)'s key financial ratios, covering valuation, profitability, growth, solvency, and operating efficiency. It presents both historical data and comparisons against peer medians for various metrics. The report highlights financial performance indicators up to the TTM (Trailing Twelve Months) period ending December 2025 and December 2024.
Bank of America Corp DE Sells 74,416 Shares of Red Rock Resorts, Inc. $RRR
Bank of America Corp DE significantly reduced its stake in Red Rock Resorts (NASDAQ:RRR) by 26.5% in the first quarter, selling 74,416 shares but still retaining over 200,000 shares valued at approximately $11 million. Despite this sale, analysts maintain a "Moderate Buy" rating for Red Rock Resorts, with an average price target of $71.88. The company has outperformed earnings expectations, reporting $0.67 EPS and $510.26 million in revenue, and declared a quarterly dividend of $0.26 per share.
How Weaker Earnings and a Steady Dividend at Red Rock Resorts (RRR) Have Changed Its Investment Story
Red Rock Resorts (RRR) recently reported weaker Q2 and half-year earnings but maintained its quarterly dividend of US$0.26 per share. This combination, along with ongoing capital expenditures for new projects, raises questions about the company's balance between growth investments and shareholder returns. Despite the earnings dip, a discounted cash flow analysis suggests the stock may be undervalued, presenting a complex investment narrative for shareholders.
Red Rock Resorts (RRR) COO sells 9,791 shares and exercises 27,000 options
Red Rock Resorts (RRR) Executive Vice President & Chief Operating Officer, Kord Nichols, recently engaged in equity transactions. Nichols exercised 27,000 employee stock options at $24.98 per share on August 11, 2026, and subsequently sold 9,791 shares of Class A common stock at a weighted average price of $62.999 per share on August 12, 2026. After these transactions, Nichols still holds 81,625 employee stock options expiring in February 2028.
Red Rock Resorts (RRR) Q2 2026 Earnings Call Transcript
Red Rock Resorts (RRR) reported Q2 2026 results, with net revenues down 3.0% to $510.3 million and net income decreasing by 29.3% to $76.6 million, largely due to construction disruptions and the absence of a prior-year one-time payment. The company is actively pursuing a multi-property redevelopment strategy and expects to open the North Fork project in Q4 2026. Despite temporary disruptions, management noted stable demand and growth in spend per visit, with ongoing investments in properties like Durango, Sunset Station, and Green Valley Ranch.
Red Rock Resorts COO Kord Nichols Exercises 27,000 Stock Options and Sells Shares in August 2026
Kord Nichols, Executive Vice President and Chief Operating Officer of Red Rock Resorts, Inc. (NASDAQ:RRR), exercised 27,000 employee stock options on August 11, 2026, at an exercise price of $24.98 per share. He subsequently disposed of 17,209 shares for tax withholding at $62.145 per share on the same day and sold an additional 9,791 shares on the open market on August 12, 2026, at a weighted average price of $62.999. Following these transactions, Nichols directly holds 113,760 shares of Class A Common Stock and retains 81,625 unexercised employee stock options.
Red Rock Resorts (RRR) Q2 2026 Earnings Call Transcript
Red Rock Resorts reported Q2 2026 net revenues of $510.3 million, down 3.0%, and net income of $76.6 million, a 29.3% decrease, primarily due to construction disruptions and the absence of a one-time Native American segment payment. The company is actively pursuing a multiproperty redevelopment strategy, including expansions at Durango, Sunset Station, and Green Valley Ranch, and is preparing for the North Fork project opening in Q4 2026. Despite temporary disruptions, the company emphasizes strong underlying demand, consistent operating model performance, and a balanced capital allocation approach focused on long-term shareholder value.
Red Rock Resorts, Inc. SEC Filing (Aug 12, 2026)
Red Rock Resorts, Inc. (RRR) filed a Form 144 with the SEC on August 12, 2026, detailing a proposed sale of 9,791 shares of common stock by an insider. The securities were acquired on August 11, 2026, through the net-settled exercise of employee options and are intended to be sold via Merrill Lynch on NASDAQ. This filing indicates an upcoming transaction involving employee options.
Why Red Rock Resorts (RRR) Is Down 6.6% After Weaker Q2 2026 Results And Dividend Update
Red Rock Resorts (RRR) experienced a 6.6% stock drop following weaker-than-expected Q2 2026 results, with sales of US$384.96 million and net income of US$39.12 million, down from US$56.40 million the previous year. Despite the earnings pressure due to ongoing renovation and construction projects, the company affirmed its US$0.26 per-share cash dividend. The upcoming full reopening of the Green Valley Ranch East Tower is anticipated as a key catalyst to support future operating performance.
Red Rock Resorts President Scott Kreeger disposes of 174,000 common shares worth $10.87 million
Red Rock Resorts President Scott Kreeger recently disposed of 174,000 Class A common shares worth $10.87 million. These transactions followed his exercise of options to acquire 175,000 Class A common shares. After these sales, Kreeger's direct Class A common stock holdings in Red Rock Resorts decreased to 203,881 shares.
Red Rock Resorts president Scott Kreeger sells $1.9m in stock
Red Rock Resorts (NASDAQ:RRR) President Scott Kreeger sold 31,159 shares of company stock worth $1.9 million on August 7, 2026, following the exercise of employee stock options totaling over $7.6 million. Additionally, Kreeger disposed of shares worth $8.9 million to cover tax withholding obligations. The company recently reported strong Q2 results and received a price target increase from Citizens, despite ongoing construction impacts.
Red Rock Resorts president Scott Kreeger sells $1.9m in stock By Investing.com
Scott Kreeger, President of Red Rock Resorts, sold 31,159 shares of Class
Red Rock Resorts Announces Second Quarter 2026 Results
Red Rock Resorts, Inc. reported its financial results for the second quarter ended June 30, 2026, showing a decrease in net revenues, net income, and Adjusted EBITDA compared to the same period in 2025. The company also declared a cash dividend of $0.26 per Class A common share. The report includes detailed financial statements for consolidated, Las Vegas, and Native American operations.
Red Rock Resorts President Scott Kreeger disposes of 174,000 common shares worth $10.87 million
Red Rock Resorts President Scott Kreeger disposed of 174,000 Class A common shares totaling $10.87 million. These transactions, occurring on August 6 and 7, included shares withheld for taxes and a direct sale, reducing his holdings to 203,881 shares. The information was generated by AI from an EDGAR filing.
Red Rock Resorts Balances Growth With Margin Pressures
Red Rock Resorts reported mixed Q2 earnings, showcasing strong free cash flow and progress on development projects like Durango and North Fork, but also experiencing revenue and margin declines due to renovations and one-time items. The company is balancing near-term pressures with a clear long-term growth strategy, prioritizing capital for strategic investments over share repurchases. Investors are closely watching execution and leverage trends as major developments continue.
Red Rock Resorts Balances Growth With Margin Pressures
Red Rock Resorts (RRR) reported mixed Q2 earnings, showcasing strong free cash flow and progress on major development projects like Durango and the North Fork tribal casino. However, the company faced revenue and margin pressures due to ongoing renovations, one-time items, and the absence of prior benefits. Despite these short-term challenges, management remains confident in long-term growth and shareholder returns, underscored by a regular dividend and disciplined capital allocation.
Red Rock Resorts plans sale of Class A shares | RRR SEC Filing - Form 144
Red Rock Resorts (NASDAQ: RRR) has filed a Form 144 indicating a planned sale of 31,159 shares of Class A common stock through Merrill Lynch. The shares, valued at $1,924,928.67, were acquired on August 6, 2026, via an exercise of employee stock options. The approximate sale date is August 7, 2026, with 59,130,385 shares of Class A common stock reported outstanding.
Red Rock Resorts (RRR) Stock Sinks As Margin Compression Erodes Profitability
Red Rock Resorts (RRR) stock recently fell 5.1% due to concerns over margin compression eroding profitability, despite Q2 2026 revenues of US$510.3m. While the company highlights strong gaming volumes and positive feedback from new projects, consolidated revenue and adjusted EBITDA declined, indicating that growth initiatives are not yet fully offsetting cost pressures. Investors are reacting to these margin and leverage concerns, with the stock showing weaker performance over recent periods.
Red Rock Resorts (RRR) Q2 2026 Earnings Call Transcript
Red Rock Resorts (RRR) reported Q2 2026 net revenues of $510.3 million, down 3.0%, and net income of $76.6 million, a 29.3% decrease, primarily due to the absence of a one-time payment and construction disruptions. Despite these challenges, Las Vegas operations delivered the second-highest net revenue and adjusted EBITDA in company history, with strong performance from the Durango property. The company is actively pursuing redevelopment projects at Sunset Station and Green Valley Ranch, and the North Fork tribal gaming project is on track for an early Q4 2026 opening, with significant capital expenditures planned for ongoing investments and future growth.
Red Rock Resorts, Inc. to Issue Quarterly Dividend of $0.26 (NASDAQ:RRR)
Red Rock Resorts, Inc. (NASDAQ:RRR) has announced a quarterly dividend of $0.26 per share, payable on September 30th to shareholders of record on September 15th. This annualizes to $1.04 per share, representing a 1.6% yield, and is supported by the company's earnings with a payout ratio of 58.8%. Analysts have a "Moderate Buy" consensus rating for RRR with an average price target of $71.29.
Earnings call transcript: Red Rock Resorts tops Q2 2026 estimates as profit beats
Red Rock Resorts reported strong Q2 2026 results, exceeding Wall Street expectations with earnings of $0.67 per share and revenue of $510.3 million. Despite a slight year-over-year decline in consolidated net revenue and adjusted EBITDA due to construction and tough comparisons, the company achieved its second-best Q2 in history for these metrics. Management highlighted stable local market demand, strong cash generation, and progress on development projects like Durango and renovations at Green Valley Ranch and Sunset Station.
Red Rock Resorts Q2 Earnings Call Highlights
Red Rock Resorts (NASDAQ: RRR) reported a decline in Q2 2026 earnings compared to the previous year, with Las Vegas revenue down 2% to $503.2 million and adjusted EBITDA down 5% to $227.5 million, due to renovations and construction disruptions. Despite this, management noted it was the second-highest Q2 performance historically. The company is proceeding with expansion projects, including the $750 million North Fork project, and has returned approximately $198 million to shareholders year to date through dividends and buybacks.
Earnings Flash (RRR) Red Rock Resorts Posts Q2 EPS $0.67, vs. FactSet Est of $0.51
Red Rock Resorts (RRR) announced its Q2 earnings per share (EPS) of $0.67, surpassing the FactSet estimate of $0.51. The company's revenue for the quarter was $510.3 million, also exceeding FactSet's estimate of $500.1 million. Red Rock Resorts also declared a Class A Common Share Dividend for the second quarter, payable on September 30, 2026.
Red Rock Resorts Declares $0.26 Dividend, Payable Sept. 30
Red Rock Resorts (NASDAQ: RRR) announced its second-quarter 2026 financial results, reporting a 3.0% decline in net revenues to $510.3 million and a 29.3% drop in net income to $76.6 million compared to the previous year. Despite the financial declines, the company's board declared a quarterly cash dividend of $0.26 per Class A share, payable on September 30, 2026. The report detailed decreased performance across both Las Vegas and Native American operations.
Red Rock posts Q2 2026 revenue $510.3M, adjusted EBITDA $208.0M, net income $76.6M
Red Rock Resorts (RRR) reported its second-quarter 2026 financial results, with net revenues reaching $510.3 million and net income at $76.6 million, both down from the previous year. The company's adjusted EBITDA for the quarter was $208.0 million. As of June 30, 2026, Red Rock had a cash balance of $136.5 million and total debt outstanding of $3.6 billion.
Red Rock Resorts, Inc. Declares Class A Common Share Dividend for Second Quarter Ended June 30, 2026, Payable on September 30, 2026
Red Rock Resorts, Inc. has announced a cash dividend of $0.26 per Class A common share for the second quarter, ending June 30, 2026. This dividend is scheduled to be paid on September 30, 2026, to shareholders of record as of September 15, 2026. This declaration follows the company's recent Q2 2026 earnings call, where it reported an EPS of $0.67 and revenue of $510.3 million.
42,763 Shares in Red Rock Resorts, Inc. $RRR Bought by SWP Investment Management LLC
SWP Investment Management LLC has acquired 42,763 shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the second quarter, valuing the stake at approximately $2.78 million and making it 1.9% of their portfolio. Several other institutional investors also adjusted their positions in RRR, with hedge funds and institutional investors collectively owning 47.84% of the stock. Analysts currently hold a "Moderate Buy" rating for RRR, with an average price target of $71.24 against a recent trading price of $65.61.
Red Rock Resorts, Inc. (NASDAQ:RRR) Given Consensus Rating of "Moderate Buy" by Analysts
Analysts have given Red Rock Resorts, Inc. (NASDAQ:RRR) a "Moderate Buy" consensus rating, with an average 12-month price target of $71.24. Despite some analysts lowering price targets, the overall sentiment remains positive with 14 buy ratings out of 18 firms. The company currently has a market capitalization of $6.77 billion, and institutional investors hold a significant 47.84% stake.
Renaissance Technologies LLC Increases Position in Red Rock Resorts, Inc. $RRR
Renaissance Technologies LLC significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 204.7% in the first quarter, now owning 300,400 shares valued at over $16 million. Despite missing EPS estimates, Red Rock Resorts saw a 1.9% year-over-year revenue increase, exceeding expectations. Analysts generally maintain a "Moderate Buy" rating with an average price target of $71.24, reflecting optimism about the company's future.
Red Rock Resorts, Inc. Class A Revenue Breakdown – FWB:RRK
This article provides a revenue breakdown for Red Rock Resorts, Inc. Class A (FWB:RRK), highlighting its top-performing segment and geographical contribution. Last year, the company generated 1.71 billion EUR, with the Las Vegas Operations segment contributing the most at 1.69 billion EUR. The United States was the primary geographical contributor, accounting for 1.71 billion EUR.
Red Rock Resorts (RRR) Projected to Post Quarterly Earnings on Tuesday
Red Rock Resorts (RRR) is anticipated to release its Q2 2026 earnings after the market closes on Tuesday, August 4th, with analysts forecasting earnings of $0.51 per share and revenue of approximately $500.1 million. The previous quarter saw the company miss earnings expectations, reporting $0.73 EPS against a $0.90 consensus, though revenue increased by 1.9% year-over-year. Despite this, analysts maintain a "Moderate Buy" rating with an average target price of $71.24 for the stock.
Arrowstreet Capital Limited Partnership Lowers Position in Red Rock Resorts, Inc. $RRR
Arrowstreet Capital Limited Partnership reduced its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 17.7% in the first quarter, selling 237,075 shares and retaining 1,099,704 shares valued at approximately $58.68 million. Despite this reduction, other institutional investors increased their holdings, and analysts maintain a "Moderate Buy" rating with an average price target of $71.24 for Red Rock Resorts. The company reported first-quarter earnings of $0.73 per share, missing consensus estimates, and revenue of $507.32 million, exceeding expectations.
Red Rock Resorts, Inc. $RRR Stake Lifted by Hsbc Holdings PLC
HSBC Holdings PLC significantly increased its stake in Red Rock Resorts (NASDAQ: RRR) by 168.3% in the first quarter, now owning 86,798 shares worth $4.64 million. Despite missing Q1 earnings estimates, the company's revenue slightly exceeded expectations, and Wall Street maintains a "Moderate Buy" consensus with a target price of $71.24. Red Rock Resorts also recently declared a quarterly dividend of $0.26 per share.
Orvieto Partners L.P. Makes New $2.67 Million Investment in Red Rock Resorts, Inc. $RRR
Orvieto Partners L.P. has made a new $2.67 million investment in Red Rock Resorts, Inc. ($RRR), acquiring 50,000 shares which now constitute 2.3% of their portfolio. Other institutional investors also adjusted their holdings, with hedge funds and institutions collectively owning 47.84% of the shares. Analysts maintain a "Moderate Buy" rating with an average target price of $71.24 for Red Rock Resorts.
Red Rock Resorts, Inc. $RRR Shares Purchased by Fifth Third Bancorp
Fifth Third Bancorp significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 68,444.0%, acquiring an additional 34,222 shares during the first quarter. Other institutional investors like GAMMA Investing LLC and Commonwealth Equity Services LLC also adjusted their holdings. Red Rock Resorts' stock opened at $63.89, and the company recently declared a quarterly dividend of $0.26 per share.
Red Rock Resorts, Inc. (RRR) Stock Forecasts
Argus has issued a HOLD rating for Red Rock Resorts Inc (RRR) and lowered its target price to $67.00. The report, dated July 15, 2026, details subratings including Low for Industry and Financial Strength, and Medium for Management and Growth, with a High Value Subrating. The current price of RRR is $63.96.
Wave of Analyst Upgrades Could Be A Game Changer For Red Rock Resorts (RRR)
Recent analyst upgrades, including Wells Fargo's move to Overweight, suggest growing confidence in Red Rock Resorts as it transitions from construction to generating returns from its expanded Las Vegas properties. The company's ongoing share repurchase program and dividend payouts, alongside the positive analyst sentiment, put a spotlight on whether new and refreshed properties can sustain earnings growth. The article presents a fair value estimate of $69.29 with a 6% upside, while noting community members have a higher estimate, and urges investors to consider the concentration risk in the Las Vegas locals market.
Lobbying Update: $60,000 of RED ROCK RESORTS INC. lobbying was just disclosed
RED ROCK RESORTS INC. (RRR) disclosed $60,000 in lobbying expenditures for Q2 2026, focusing on issues affecting the gaming industry and specific legislative acts. The article also provides recent hedge fund activity, noting both increases and decreases in RRR stock positions, and lists recent analyst ratings and price targets for the company.
JPMorgan Chase & Co. Boosts Red Rock Resorts (NASDAQ:RRR) Price Target to $72.00
JPMorgan Chase & Co. has increased its price target for Red Rock Resorts (NASDAQ:RRR) to $72.00 from $66.00, maintaining an "overweight" rating. This new target suggests a potential upside of 12.50% from the stock's previous close. Despite mixed quarterly results where EPS missed estimates but revenue slightly exceeded them, the consensus analyst rating for Red Rock Resorts remains a "Moderate Buy" with an average price target of $69.75.
